How Do I Choose the Best Gold Dealer?
There are two main types of transactions in the gold market, namely spot trading and futures trading. Spot gold mainly refers to gold bars (bricks), gold ingots, gold bars, and gold coins. Private or gold mining companies mostly deal in physical gold with newly mined gold. Customers can purchase and transfer gold by themselves, or they can entrust gold dealers to keep it for them. Spot transactions are generally settled immediately after the transaction or completed within two days. The price of gold spot transactions is relatively special. There are two types of pricing transactions and quotation transactions in the London gold market. The characteristic of pricing transactions is to provide customers with a single transaction price, that is, no bid-ask spread. According to a single transaction price, customers can buy and sell freely, and gold merchants only charge a small commission. Quoted transactions are divided into bid and ask prices. Pricing transactions are only valid for a specified period of time, ranging from one minute to one hour, depending on the supply and demand of market customers. The price of gold in other gold markets in the world is based on the pricing level of the London market, and then based on the supply and demand in this market. Gold futures transactions are not delivered immediately after the transaction is made, but the two parties to the transaction first sign the contract, pay the deposit, and then deliver it on a predetermined date. [1]
Gold trading
Gold trading is the lightest tax burden in the world
Novice can learn a few suggestions:
To choose a mainstream platform (regulated by FSA or NFA, explain whether their operations and capital flow are standardized and serious, and ensure our safety. The FSA in the UK is the most stringent and generally has a high reputation in FXSOL FXCM.
The basic knowledge is necessary, it is recommended to look at "Foreign Exchange Rate ABC Introduction", "Foreign Exchange Rate Market", "Foreign Exchange Rate Japanese Candle Chart Curve", "Super Short-Term Master" and "Forex Fry AZ" You can also collect information online. Free eBook download area, if you are a novice, you can go to FXCM Global Gold Exchange to register forex demo account and register for free. See how the simulated gold speculation is so fried, and slowly you will understand reading and download learning free this book and other foreign exchange technology free e-books
3. It is important to set a stop loss control position when trading.
4. It is normal to maintain a good mentality and profit. (Note: You also need to know some basic foreign exchange knowledge.)
For example, what is the trading time, what is the currency English name, and what is the opening price?
1.In the gold spot market
There are roughly three types of domestic gold business,
In the first half of 2012, the Shanghai Gold Exchange market operated smoothly. Due to the wide price fluctuations, gold trading was more active. The total gold transaction volume was 3247 tons, an increase of 11.7% year-on-year, and the average daily transaction volume increased by 23.8% year-on-year. In addition, the market's demand for physical gold has further strengthened, with a total of 550 tons of gold delivered, a year-on-year increase of 13.8%.
In the first half of 2012, the overall scale of gold transactions increased, which was mainly reflected by the increase in both self-operated and agency business, of which the increase in agency business was significantly larger than that of self-operated business. The growth of comprehensive membership business achieved a slight decline in the self-operated business and personal business of commercial banks.
As of August 2012, more than 40 city commercial banks, rural commercial banks, and rural credit cooperatives across the country have signed gold business cooperation agreements, and officially launched gold agency trading business.
The rapid expansion of the transaction volume of the gold agency business reflects the urgent needs of city commercial banks, rural commercial banks, etc. for developing gold trading businesses. Increasingly diversified customer demand for banking products has forced banks to step up enrichment of their gold products and gold trading businesses. However, under normal circumstances, city commercial banks and rural commercial banks will not choose to link to joint-stock banks to carry out gold trading business. There are two reasons. One is that customer information is leaked during the reporting process, which may lead to the phenomenon of "contending for customers and competing for deposits" among banks. In addition, it is believed that the degree of specialization of the gold trading agency business of joint-stock banks remains to be determined.
In each successful gold market, the institutions and venues that provide services for gold trading are actually different. Specifically, they can be divided into intangible markets without fixed trading venues.
The gold market is a global market and can be traded around the world 24 hours a day. Gold is easy to monetize and can be quickly converted into any currency, forming gold, local currency,
Futures trading refers to trading in futures
Precious metals pricing |
100 ounces of London gold | 5000 ounces of silver per lot |
Lowest price volatility |
London Gold 10 cents | London Silver 1 US cent |
Minimum and maximum trading volume per order
|
London gold minimum 0.1 lot maximum 10 lot | London silver minimum 0.1 lot maximum 10 lot |
Spread (normal case) |
London gold $ 50 / lot | London Silver $ 200 / lot |
Trading margin |
London Gold $ 1500 / lot | London Silver $ 2,000 / lot |
Market Margin (Holidays and Week Ends) |
London Gold $ 3,000 / lot | London Silver $ 4,000 / lot |
Interest on the day (annual interest rate) must be paid for trading |
Buy 2.5% | Sell 0.5% |
transaction hour |
Trading hours are based on Beijing time, from 8:00 am on Monday to 3:00 am on Saturday. |
Forced lock |
London gold net worth / required margin 10% (trading hours) | London silver net worth / required margin 10% (trading hours) |
No matter what kind of investment, there will definitely be a certain transaction process, because you have to invest the idle funds in your hands, and then these funds will be able to get their own profits after a period of operation Only after you get your own income can you recover the principal you invested. And if you choose gold investment as your own investment project, then we will introduce to you some of the main things we need to pay attention to when trading gold in the process of gold investment, because if you invest in gold, then Inevitably, there will be a process of gold trading.
In the process of our gold trading, the first thing we should pay attention to is that the funds we invest in gold must not invest in the necessary living funds in our lives as the capital of our own gold trading, because if you put If the funds necessary for our own life have been invested, then if the funds operate in the time course of investment, then our lives will not be guaranteed. Secondly, we must pay attention to all aspects of information when conducting gold trading, and do not want to rely on luck to escort our gold trading process, because there is no pie thing in the sky, there can be no So much good luck comes to your head, so it is still through your hard work that you can get your own labor results, and this kind of harvest is the most reliable and most affordable.
In addition, one thing that we need to pay attention to when trading gold is that we should not do too much gold trading for a period of time, because we must always keep a clear head so that we can bring the greatest benefits to ourselves. .
