You have probably seen the numerous Forex get rich schemes online that promise unheard of returns on investment. 99.9 % percent of the time it turns out to be false, in best case scenarios people neither gain nor lose nothing, while some get wiped out completely. Due to the fact that a currency relates to a countries economic condition, trading Forex is quite difficult if you don't know what you're doing. Successful investors follow multiple countries and their economic news before investing in Forex.
On the other hand trading gold is quite simpler. The price of gold is pegged to the US dollar. Usually meaning, if the dollar is strong, price of gold decreases, but if the dollar is weak, gold will rise in value. Another factor in determining gold prices is demand. The more demand for anything will lead to an increase in the price of that product, while a drop in demand will lead to lower prices.
Any way you look at it, trading gold makes sense. Long term gold is a great play. The US government is borrowing trillions of dollars to finance its debt, while increasing money supply immensely leading to inflationary concerns, when inflation goes up, gold skyrockets. Also demand for gold is projected to increase from developing countries like china, Brazil, and India leading experts to believe that the only way gold is going in up.
Short term gold is very volatile, making it possible to earn big money quick, but also experience big busts. Gold can rise and fall from a few cents to 50 dollars in a single day. That's why professional investors use software to analyze the underlying fundamentals and give out predictions.
One such program is Gold Trade Pro. Gold Trade Pro gives out just a few recommendations per day with a 63 percent success rate. The Gold Trade Pro is quite simple to use, with a nice clean interface. The program gives out audible alerts when to buy or sell. The creator of the software is a successful futures trader, who used his experience in the market to make the program.