You Must Diversify Trading Opportunities Beyond Gold

Here’s five trading opportunities outside of gold.

Diversifying your portfolio makes you a better trader. Interconnected instruments are your key to success.

1. When the price of copper goes up or down, it often affects the value of the Australian dollar. The Australian dollar is also connected to silver and other things that people buy and sell.

2. The Australian dollar is very closely connected to the New Zealand dollar, so when one goes up or down, the other usually does too.

3. Gold and the Swiss Franc tend to move in the same direction.

4.When the price of oil goes up, the value of the Canadian dollar also goes up and the value of the Japanese yen goes down.

5.When the price of oil goes down, the value of the Canadian dollar goes down and the value of the Japanese yen goes up.