Fascinating Top Ways Of Trading Silver: Tips And Strategies Tactics That Can Help Your Trading Business Grow – Gill Broking

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Fascinating Top Ways Of Trading Silver Tips And
Strategies Tactics That Can Help Your Trading
Business Grow Gill Broking
Created on 12th August 2019
https//www.gillbroking.com
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Silver is considered as one of the precious
metals that is often used as the investment
commodity. There are an array of silver trading
strategies out there, however, the two most
common and trending trading strategies adopted by
a majority of silver investors are Range Trading
and Trend Trading. Whether you are a professional
silver trader or you have just entered this
investment realm, it is best to use technical and
fundamental analysis to get a better prediction
on the future silver prices. Before we discuss
the strategies of silver trading, lets have a
quick glimpse at the importance and need for
silver trading for investors.
Why should the Investor Consider Silver
Trading? Considering the tight spreads as well as
high-trading volume, theres no denying that
silver is one of the highly tradeable investment
commodities. As the demand for silver is
relatively less than gold in the current times,
silver is more volatile than other metal
commodities. The surprising fact is this
volatility of silver helps the Intra-day traders
to use take full advantage of huge intra-day
market swings. Apart from being famous in jewelry
and accessories market, silver has a plethora of
industrial and commercial uses. This precious
metal, which also happens to be an amazing
investment commodity, is found in our daily-use
appliances such as mirrors and electronic items.
Silver is also used in the making of dental
alloys. A major portion of the demand for this
precious metal comes from industrial sectors as
well as the investors. Individuals can trade
silver anywhere from Monday to Friday. Lets get
started with the trading strategies for silver
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• Determining the trend
• A trending market can be defined as the market
  that produces new price extremes frequently.
  Trading silver becomes much effective and easier
  when you comprehend the trending markets
  properly. Fortunately, there are multiple ways of
  finding the direction of a trend such as with
  the help of moving averages or by drawing trend
  lines.
• Filtering the signal in the trends direction
• As soon as you have determined the direction of
  the trend, it is time to move to the next step
• i.e. filtering the signal in the direction of the
  current markets trend. You can find a plethora
  of tools that could be used to ascertain the buy
  and sell indications in the market. One such
• effective tool is the trend lines. Drawing trend
  line is one of the most common ways of
  identifying the trading signals. But you can also
  use other tools for the same. For example,
  Simple Moving Average, Stochastic, Moving Average
  Convergence Divergence, and Relative Strength
  Index are four crucial methods of identifying the
  current market trend.
• Make sure that you choose the right indicator
  (probably the one you are comfortable with) and
  buy and sell the signals that form in the
  direction of the current trend line. The key to a
  perfect silver trading decision is filtering the
  signals and taking only the trades that generate
  in trends direction.

Also Read Strategies for Trading the Gold-Silver
Ratio

• Setting Stop-losses and take profits
• Whether it is silver or the other investment
  commodity, the main feature of a successful
  trader is his risk management decision. The
  better you manage your risk, the lesser the
  losses you may bear, and the higher the profits
  you earn. The best possible way to manage your
  risk is to use stop-losses and take profits.
• Range-bound Trading Strategy
• As the name itself suggests, the range-bound
  strategy is used in the silver trading market
  when there is consolidation period in the market
  (a time when the market is likely to
  range-bound). It is important to note that a
  silver market doesnt always follow an uptrend or
  a downtrend path. You may find it in the
  consolidation period, i.e. when the prices of
  this commodity move sideways. But no need to
  worry now! As there are range-bound strategies
  developed, traders

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• can manage their silver trading decisions in the
  consolidation period too. The three important
  steps to silver trading in a consolidation period
  are as follows
• Determining the range
• Filter your signal
• Carry out the silver trading process and set
  stop-losses and take profits to minimize your
  risk and ensure a profitable trade.
• 5. Use Fundamental and Technical Analysis to
  Trade Silver
• The moment the investor is certain about the
  direction of the trend and the range of the
  commodity, it is time to use certain technical
  indicators to get the signals for entering the
  silver trading market. Generally, the technical
  indicators you might need to use will depend on
  the silver trading strategy you have adopted.
  However, the two most common technical indicators
  that are widely used by metal traders are
  price-pattern and relative index strength (RIS).
• Using technical indicators is the best way to
  find the signals for entering the silver trading
  market. However, it does not ensure that your
  investment is going to be successful. For that,
  you must use stop-losses and take profits.

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