How to choose a LOCO Lodon Gold trading platform and Spot Gold Knowledge(Gold Jinyu)
Does anyone interested in gold spot?
What is spot gold trade and its characteristics?
Spot gold trade is a contract trade by using leverage. According to the trade standards of international gold margin contract, it is a trade that can buy 100 oz gold with one oz' price. To buy up or down by using this kind of trade and to gain profits from the spread. Physical gold can be taken by making up the difference prices. The minimum amount is 100 ounces.Hong Kong Gold Jinyu.
Characteristics of spot gold trade
1. Large fluctuation in price: The quotation is made according to international gold market conditions and practice. Influenced by international political, military, economic, supply and demand factors, and kinds of emergency, the price often fluctuate markedly. However, the profits can be taken from the floating price.
2. Long trading hours: According to different situations, each company has a different trading hours. The maximum trading time is 22 hours, covering trading hours of the major international markets. The trading hours is from 08:30 on Monday to 02:30 on Saturday during summer time and from 08:30 on Monday to 03:30 on Saturday during winter time.
3. Real time settlement: adopt T+0 trading rule. Complete a transaction on the same day. Inventors can make transactions many times if the market trend allowed.
4. Convenient transaction, easy operation: mainly use the online trading system to place orders or entrust via telephone. The trading software is easy to learn. Market analysis system and market analysis report are also provided.Kong Gold Jinyu.
5. Two-way trade: Gold price up, going long, take profits; price down, going short, also take profits. (one-way trade in stock)
6. Controllable risks : set a stop-profit/stop-loss, or place limit orders, in order to take profits and control losses.Kong Gold Jinyu.
7. Leverage: The margin bas been magnified by 100 times in trading, which improve utilization ratio of the funds, and lower the trade thresholds.
8. No market maker Control：Invest in the international market but not listed corporations. The daily trading volume is very large and no organization can control and no one can be the market maker .
9. Low transaction fees.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
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How to make a proper technical analysis
Technical analysis, which is based on Statistics, is a set of indicators observed by several professionals. MACK,KDJ,MA and RSI are commonly used in MT4 software. Beginner does not need to go deeply into the technical theory. There are emotional buying and selling in the market, which is affected by news-flow. To judge the entry time as well as the light and stop-loss position will be the proper way to gain profit.
How does the Non-farm payrolls affect gold price
Gold is priced in US dollar is affected by the U.S. economic data, in which the non-farm payroll plays an important role. The information of whether the non-farm payroll is lower than expected or better than previous is the main reference to Fed’s decision. Jobless claims data is reported by the Department of Labor afterwards. As a supplement to the non-farm payroll, this data also has a special influence.
How does Fed meeting affect gold price
In news-surfaced major gold market, the change of U.S. economic policy affect price, especially the movement of gold price. The better economic and the higher dollar index make the lower gold price, and vice versa. Led by the Fed meeting results, Fed chairman makes a speech and the speech immediately be read for getting the economic tendency for affecting the trading in gold market, such as whether reining-in of QE. Reining-in of QE represents the better of U.S. economic and the gold price is under pressure, otherwise, the gold price boost. However, it will also appear an unexpected price tendency against the news, due to the unpredictable emotion reactions in gold market.
Why can take profits by buying down
The flexibility of spot gold investments is that it can gain profit by buying down. For example, if you predict the price is likely to go down, and “borrow” RMB2000’s gold from others and then sell out; when the price falls, you can spend RMB1000 to buy a comparable amount of gold and return back. You will be able to recoup of the difference.
How to open an account
Choose to open a real account in GEG platform or MT4 platform. Click to enter into information page and submit to get custom login name and password, then you can log in the platform. Only US$100 minimum initial deposit is required to open an account, and US$50 is required to operate the trading of spot gold.
How to invest in gold,Chian national Jinyu gold
To invest in gold, the most important thing is having a basic knowledge to read the tape. Support level is the support price on the downside and resistance level is the resistance price on the upward of the price, which is the highest price that cannot be exceeded and the lowest price that cannot be broken. Profit can be gained by analyzing the news flow of gold market(economic data of U.S. Market can mostly affect the gold price) and MT4 software technology index, mastering the operation of MT4 trading software, selecting a good platform, judging a proper entry time(taking a long position or a short position) and the time to buy or sell.
(Reproduced fromhttp://www.hj9999.com/Spot-gold-VS-other-financial-products/)