Gold and Silver online trading

Gold and Silver online trading
    Gold online trading is straight forward with easy-forex®. In the Forex market, gold is considered a form of currency, and so is silver. Gold online trading is electronic, the same as other currencies and oil. Gold is traded in a similar way to other currency pairs.

    However there is a difference: gold, silver and other commodities can only be traded against United States dollars (USD). Prices are always expressed in terms of the US dollar.
    Trading with gold rates

    Like foreign currency rates, online trading with gold rates does not require the "physical" purchase or sale of the real material. You do not purchase gold that you can hold.

    The trading method for gold is called ‘over the counter’ or OTC. OTC deals are not part of the Stock Exchange of any country and so the deals are not controlled by the same methods as the Stock Exchange. OTC trading is performed directly between the seller and the buyer. No other people or organisations are involved.

    OTC trading is the common form of trading in the Forex market
    Day-trading in gold

    Traders can perform day-trading in gold. Day-trading means deals are usually completed before the close of trading that day. Gold traders usually hold their position for a short time only, but it is not necessary to complete the deal within a day. The deal can be extended for two or three days, depending on how the trader decides to make the deal.

    Once a gold day-trading deal is opened, it can only close in one of three ways:

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