I agree the miners have been warning us for some time now to :)
Silver Big Picture (relax folks)
Forex Open Position Ratios for OANDA today shows 5% of clients are long XAGUSD on a slow day - (I find this a surprisingly high percentage)
A summary of open positions held by OANDA clients
These graphs show breakdowns from OANDA's books for recent open positions for the major currency pairs. This information is sampled every 20 minutes, and could be interpreted as an indicator of current trading activity.
Open Position Ratios
Last Update: Jan 11, 2011 07:40 GMT+1300
Not enough people know how to trade Metals or Oil or Indices using leverage via FX brokers
This board is set up to help attract traders to silver particularly (and gold) trading via FX -
Will also pint them to *The FOREX Lab* http://investorshub.advfn.com/boards/board.aspx?board_id=18981
people trading fx xag/usd come here too ?
Welcome to the world of trading Silver via your FX broker using 100:1 leverage.
Last night (NZ time - I live in NZ) I placed these 4 trades XAGUSD
buy .05 contract 29.60 - 29.76 = 401.00
buy 1.0 contract 29.80 - 29.72 = (355.00) loss
buy 1.0 contract 29.77 - 29.99 = 1,071.00
buy .50 contract 30.02 - 30.15 = 140.00
Total profit for approximately 3 hrs trading = 1257.00
Refresh this blog if you wish to learn more:
I trade using the free MT4 platform
XAGUSD = Paper Silver
Trading Metals or Oil or Indices using leverage via FX brokers
*The FOREX Lab* http://investorshub.advfn.com/boards/board.aspx?board_id=18981 an active Forex Board with an interest in trading long and short Ag and Au.
Turd Ferguson blog for Silver traders -Along The Watchtower