A position trader is a Forex trader who will hold a position in a trade for a long period of time. The “holding” period can last anywhere from hours to months to even years! This kind of Forex trading is typically used only by extremely patient traders and requires a good forex education and understanding of the fundamentals. My trading education and experience comes from The Apiary Fund and I am so thankful for my education because without having a thorough education under your belt.
First, let’s talk about why Forex traders are finding trading gold so appealing. The value of gold varies from time to time because it trades on public exchanges where the price is figured out through supply and demand. Gold has been treasured by people all over the world for its endless glitter and flexibility. Gold is valued by many traders all over because it’s thought of as the ultimate refuge, proving to typically overcome the markets' many ups and downs, while sustaining its value in times of turmoil.