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Gold, Silver, Platinum, Palladium
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And in Program you can trading Funds, Indexes, Commodities
you can Transfer to
( Trading commodities, Gold Trading,
Silver, Platinum, Palladium )
and You can
send money (deposit money) for trading with as little
as 1 USD
(Low minimun deposit)
Gold Trading on Forex Can Be Highly Profitable
ever given a gold ring to your friend as a token of your true
love? Gold has been the most precious metal from the dawn of
civilization. It is still considered to be the ultimate currency
and the ultimate store of value in times of political uncertainty.
For the last ten years, the gold market is in a secular uptrend
with the spot prices having recently breached the historical
barrier of $1,200 per troy ounce. After that there was a retracement
and the prices did come down to around $1,100 per ounce but
this uptrend is expected to continue for sometime.
In the last
decade, many investors turned towards forex after the historic
crash in the stock market. Many small investors lost more than
60-70% of their saving accounts in the stock market crash. Now,
forex is a great money making opportunity. It is being said
that forex trading will make many millionaires in this decade.
don't know this that you can trade gold on forex too. Many forex
broker platforms that you use to trade forex, allow trading
of gold and silver against the US Dollar (USD) from the same
platform. Both these precious metals have high demand in the
industrial sector and as the global economy recovers from the
recession, the prices of gold and silver are expected to skyrockets
as industrial production picks up and consumers start buying
again. When you trade a currency pair, you go long on one currency
and short on the other. In other words, you simply buy one and
sell the other.
of spot gold trading on forex, you trade one ounce of gold in
the spot market against the US Dollar (USD). So just like when
you trade a currency pair, when you trade gold on forex, you
are taking either a long or a short position in gold against
USD. There are many currency pairs that you can trade like the
GBPUSD, EURUSD, UADUSD, NZDUSD, JPYUSD. Spot trading gold on
forex is almost similar with gold replacing one currency in
the pair and the other currency is always USD.
So, in spot
gold trading on forex, you are trading one troy ounce of gold
against USD. Interestingly the symbol for this is also XAUUSD
with XAU representing one ounce of gold. Now, suppose the price
quote in the spot market is 1100 XAUUSD. What this means is
that one troy ounce of gold in the spot market right now is
equal to $1,100 USD.
any other financial market, the price quote in the gold spot
market has got a bid/ask spread. So if the price quote is 1110/1115,
it means that you can sell one troy ounce of gold in the spot
market for $1,110 and buy one troy ounce of gold at $1,115 meaning
you will have to pay a spread of $5 per troy ounce when trading
in gold in the spot market.Spot gold trading on forex is a fast
moving market and the spread keeps on changing throughout the
Now a standard
lot in currency trading is equal to $100,000. But in case of
gold on forex, a standard lot is equal to 10 troy ounces of
gold. So, if you find the price quote to be 1112/1117 and you
are interested in going long. In that case you will have to
buy 1 lot of gold that is equal to $11,170. Spot gold market
is a fast moving market and the price quotes keep on changing.
So, suppose just after 60 minutes, you find the quote to be
1120/1126. You see a profit and decide to get out selling at
$11,200 making a profit of $30. Now if you had used leverage,
you would have needed a much lower initial investment to make
a profit of $30 in just 60 minutes.
also know as anti dollar. What this means is that their is an
inverse correlation between gold and USD. This inverse relationship
can help you hedge your positions in other currency pairs.
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