The knowledge of trading in gold and the fun is essential for every professional trader in the market. Gold rich history dates back to the beginning of civilization. As one of the precious metals, gold is a symbol of wealth and success in many cultures. Gold was used around the world at the outset that the accepted standard for the exchange of cash, which was abandoned after the government issued currency equation for him. Gold remains an important asset, and it is called by many a modern market terms, the name of the safe haven in times of economic instability.
Company offers NSFX trading gold for both individuals and businesses. The gold is traded mainly against the U.S. dollar and the euro, and the symbol is XAU / USD or XAU / EUR. Has seen the beginning of the twentieth century atheist and one of the longest and most consistent rises in the price of gold at all. This began when the price of gold at $ 265 an ounce (oz) in early 2001, even higher than the level of U.S. $ 1700 in a decade. The extent of this rise in percentage 641%, which is a dramatic change in the price of gold, compared with the market bearish for gold, which has spanned twenty years before the rise.
Gold trading hours
Gold is traded on Sunday at 23:00 GMT to Friday at 20:00 GMT. It is important to note that there are periods of rest every day in relation to the services of gold trading between 21:00 GMT and 22:00 GMT, and resume trading in the gold market his work at 22:00 GMT. During the rest period, will not be traded or command mode available.
Margin requirements for gold transactions
Leverage standard at 1:100, it is imperative that there will be 1% of the value of the transaction is far from financial trading to cover margin requirements. As a result, for every U.S. $ 1 in your account, you will be able to control the $ 100 and use it in the market.
Examples of gold trading
Apart from tariffs, it is essential to see how it looks gold transactions in the real market. The simplest way to view this is to review the accounts contained in these deals.
Let’s take for example a deal to buy 10 ounces (oz) of gold against the dollar (XAU / USD) (holding small or 0.1 of a standard 0.1 lot = 100 ounces (oz), when the market price U.S. $ 1700 / ounce (oz). Will The value of the deal is the U.S. dollar: 10 ounces (oz) * $ 1,700 = $ 17,000 U.S.. Since the value of the margin requirement is 1% (when leverage 1:100), the result is that you need $ 170 to open the deal. so-called Margin user.
Consider now a deal to buy 10 ounces (oz) of gold against the euro (XAU / EURO) (holding small or 0.1 of the standard contract), when the market price of 1320 euros / ounce (oz). Will be the value of the deal is the euro: 10 ounces (oz) * 1320 = EUR 13,200 euros. Since the value of the margin requirement is 1% (when leverage 1:100), the result is that you need to open 132 euros for the deal.