Want to know if you will be successful even before you dive too deep into the world of trading and spend too much time in front of your computer? The successful trader is wired very differently than the unsuccessful trader.
First of all, we need to define what a successful trader is so we are
on the same page. Let's consider a successful trader someone who is
active in the markets (five or more trades a month) and makes a
consistent, low-risk living over a multi-year period of time.
The successful trader understands that moves in the markets are a
result of mass psychology and pure supply and demand. We make money in
the markets by being masters of that human psychology and supply and
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With gold getting a weekly close above the important $1,320 level, today London metals trader Andrew Maguire told King World News that despite rumors to the contrary, China’s gold buying is “enormous” right now. Below is what Maguire had to say in Part I of a timely and powerful series of interviews that will be released today.
Eric King: “What kind of tonnage have we been seeing taken out of the gold market by China and others?”
Maguire: “Eric, it’s enormous. People were saying, ‘Once we get to $1,300 they (China) are going to back off.’ They have not backed off. In fact, it (their physical gold buying) has accelerated….