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SpotgoldIt is a spot trading method that utilizes the principle of financial leverage to engage in contractual buying and selling. Each investment product has its own set of trading rules, and spot gold is no exception. What are the specific trading rules for spot gold?Below, the editor of Da Tian Global will briefly introduce the rules for spot gold trading.
1、 Margin required for spot gold
The deposit for spot gold must be paid in US dollars, with a minimum transaction of0.01Hand, standard hand is1Hand, standard only requires a deposit per hand1000USD, the required margin for hedging lock-in is350USD. During the trading process, if the account balance is lower than the required margin20%Below, the system will forcibly close the position.
2、 Spot gold spread
The point difference is essentially the difference between the buying price and the selling price, calculated as: contract unit*Unit of minimum change point. For point spreads, various trading platforms have their own regulations. The difference between the buying and selling prices of spot gold is usually0.5dollar/ounce.
3、 Spot gold trading fee
Investors who open accounts through legitimate trading platforms will incur certain transaction fees, known as commissions, during the trading process.1Spot gold in hand100Ounces of gold, with a margin of1000dollar;The lowest is0.01hand10USD, with a spread of0.5dollar/ounce.
4、 Spot gold funding requirements
(1)All account funds are settled in US dollars.
(2)Generally, platform merchants have minimum investment requirements, which may vary;The recommended funds for opening a standard account are2000USD.
(3)Only after depositing the funds into the trading account can customers conduct buying and selling transactions for the newly applied account.
The specific investment also needs to be determined based on the individual's risk tolerance, in order to make investments without affecting normal life and work.
5、 Common Sense of Spot Gold Trading
Spot gold is priced in US dollars and measured in English ounces;Spot gold can be bought up or down;Spot gold investors only need to pay a sufficient margin for the price difference to engage in spot gold trading.
6、 Spot gold trading time
The trading hours for spot gold investments are from Monday to Friday24Continuous trading hours. During the weekend, spot gold is closed for trading and the opening time is closed(Monday07:00- Saturday4;00)
The above is all about the "spot gold trading rules" and more professional gold investment information. Please pay attention to the column of the Da Tian Global Precious Metals and Gold Institute!