FOLLOWME Trading Com...from School app _Motivation

FOLLOWME Trading Competition is an event aimed at global traders. The competition adheres to the concept of "discovering excellent traders and spreading quality trading strategies," upholding the principles of openness, fairness, and justice, and aims to provide a platform for participants to showcase their trading abilities and discover more outstanding traders. The competition is held twice a year, supporting connections to real MT4 accounts from over 4,300 global brokers, allowing any investor with an MT4 account to participate. Over fourteen seasons, the competition has seen a total of 78,768 participating accounts, with a cumulative account net value exceeding 529,955,628 USD, and has awarded a total of 410,400 USD in prizes.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

My bags 💼 and items have been parked out of the house 🏡 I rent here at my work place and I need special help and assistance to get a new house rent of just 2 rooms to live comfortably

School app _Motivation

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

School app _Motivation

My bags 💼 and items have been parked out of the house 🏡 I rent here at my work place and I need special help and assistance to get a new house rent of just 2 rooms to live comfortably

School app _Motivation