With the advances in the Forex market, and the extended capabilities of Forexyards trading platform. Forexyard offers the option of trading Gold alongside many currency pairs and crosses.
At Forexyard you can trade spot Gold prices this offers an added value to Forexyards Standard account holders interested in expanding their Forex portfolio to include precious metals with great opportunity for profit. The act of trading Gold works much the same way as foreign currency pairs are traded on the Forexyard platform. Simply click to Buy if you believe the price of Gold is on the rise, or Sell if you are of the thinking that the price per ounce of Gold is on the decline. Very simple. In addition, there are no extra fees or commissions paid to trade Gold and Forexyard offer their customers highly competitive spreads and margins.
There are a few small differences when trading Gold such as market hours, denomination and minimum contract sizes. Prices quoted are per ounce.
Gold is traded by the ounce and is valued in US Dollars. The denomination and minimum contract sizes are represented differently from that of currency pairs. More info can be found in the chart below.
More info can be found in the chart below.
| Spread | Margin Requirement | % Margin Req. * | Min. Contract Size | Leverage | |
|---|---|---|---|---|---|
| Gold | $0.8 | $1000 / 100 Oz | 1% | 100 | x100 |
| Mini Gold | $1.2 | $100 / 10 | 1% | 10 | x100 |
The best news is that trading Gold does not require any additional software. Gold is already on the trading platform and ready to be traded NOW! This feature is exclusively offered in Forexyards standard/pro account. Request to become a standard account user today.
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