Precious metal

Product of Solution Key Precious metal:

1. Gold
2. Silver

Gold was product that trade for 100 troy oz, it means gold with USD paired. Many holders of gold store it in form of bullion coins or bars as a hedge against Inflation or otherĀ  economic disruptions. However, some economists do not believe gold serves as a hedge against inflation or currency depreciation. Gold was representative with XAU symbol, and Silver wirh XAG symbol.

Many investors are just beginning to discover the ability to trade gold in the forex market. A Prior to the 1990's the forex market was primarily an exclusive investment vehicle that was dominated by large banks and financial institutions. However, today the ability to trade gold against other currencies and primarily the U.S. dollar is now available to retail investors. That means that you can login and trade gold on a 24 hour basis right from home with mirescapital trading platform.

Study the markets and trading patterns for a while and practice by making mock trades. When you are ready, try your hand at trading gold futures. You can limit your risk by including a stop sell order with each trade. This is an order to sell automatically if the price drops a certain amount and is a good way to limit your losses--and you will lose money on some trades. Successful traders in gold futures are the ones who can limit their losses while taking advantage of profit opportunities.