Introduction to Gold Trading Introduction_Understanding the Gold Market

Recent international events have occurred frequently, and the global economic trend is unstable. As a safe-haven investment, gold has been vigorously sought after by investors. However, it is also necessary to understand some basic knowledge before trading in gold.

Regarding the introductory knowledge of gold trading, the teacher compiled a necessary basic knowledge of introductory gold, hoping to help you understand and understand the gold market more clearly.

1. Trading hours: Monday to Friday, 8:00 am to 4:00 am Beijing time.

2. Quotation standard: London gold is priced in US dollars and British ounces are used as the unit of measurement. Gold quotes are based on Dow Jones International Quotes, mainly based on spot gold prices in the London market. One ounce is equal to 31.1035 grams.

3. Trading unit: London gold trading unit is one lot/sheet/single, the standard one lot is equal to 100 ounces, that is, 1000 US dollars, and the minimum trading unit is 0.1 lot, which is 10 ounces, 100 US dollars.

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4. Margin trading: Maximize the use of funds, through leverage, you can achieve cost reduction and expand revenue. For example, in Real Madrid foreign exchange trading, the margin is only 800 US dollars, and the minimum 0.01 lot is only 8 US dollars to trade .

5. Two-way trading mechanism: buying up can also buy down, when the market goes up, buying up means going long, you can make a profit; when the market goes down, buying down means going short, you can also make a profit.

6. T+0 trading mechanism: 22 hours a day can be traded, through the MT4 or MT5 trading software, the market can do it at any time, download the mobile terminal software operation, and can reasonably allocate and use their own time.

7. Instant trading: There is no delivery period, as long as the price is in the market, the transaction can be completed immediately, and there is no question of whether someone takes the order. Don't worry about not being able to buy or worrying about selling.

8. Risk control mechanism: Stop loss can be set when opening a position to prevent excessive losses caused by market fluctuations too fast. Therefore, in actual operation, the risk of gold trading can be reduced to less than 10% of the daily decline.

That is less than the largest daily decline in stocks. But there is no limit to the rise of gold, which means that the profit margin is far greater than the risk.

Finally, we must choose a reliable platform, that is, a formal platform, which must have formal supervision and can be inquired.