What are precious metals?
Precious metals including spot gold and spot silver with value preservation and hedging functions, its transactions throughout the world, day
With trading volume of more than $1 trillion, it is one of the hottest trading categories in the market, also known as the world's largest
Big stocks, but no institution or consortium has the financial clout to manipulate this huge market,
Its open, transparent trading form by the majority of investors love.
One of the most fascinating aspects of trading in precious metals, and one that is different from trading in currencies, is that prices are subject to little political interference The impact of economic events.
Precious metals are often seen as a hedge against inflation, regardless of the current state of the financial markets Genus opportunities can be abundant.
Gold, unlike most commodities, is not driven by production or consumption -- so far most gold mines have remained viable, And re-enter the gold market. As a result, gold tends to be swayed by political events, becoming a tool in turbulent times.
As a kind of precious metal, silver has irreplaceable characteristics in large-scale industrial application and production of jewelry and silver products. Its price has fluctuated more than many other metals because of its widespread use in the electronics industry and as photographic materials.
Advantages of precious metals trading
Trading zero commission, low spread
No contract expiration time
T+0 two-way trading, up and down can be profitable
Low trading threshold, high leverage ratio
Daily trading volume is huge, the market transparency is high
Why trade precious metals?
Precious metals are a two-way trade and can be long (buy up) or short (buy down).
Simply put, if you think precious metals are going to go up, buy them. If you think it will go down, sell. If the direction is correct, then earn the intermediate spread.
The calculation method is as follows:Total profit and loss = (ask price - bid price) x contract unit x number of trades ± overnight interest
Note: closing a position on the day of opening does not require overnight interest payment; Actual overnight warehouse interest based on actual transactions; Orders placed through the CM Trade platform do not charge commission.
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