Trade CFD Metals
In addition to currencies, metals are also traded on the international financial markets on a CFD basis. The two most traded metals are gold (XAU) and silver (XAG). In general, both metals are traded against USD, but trading in EUR is also offered. There are many ways to buy into precious metals such as gold, silver and platinum, and a lot of good reasons why you should give in to the treasure hunt. So if you’re just starting to study precious metals, read on to learn more about how they work and how to invest in them.
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Suppose that 1 ounce (0.01 lots) of gold (XAUUSD) is worth approximately USD 1,300 on the market at this given time. If you sell 1 ounce of gold (short) at a price of 1,300 USD, you will receive 1,300 USD. For example, if the price per ounce drops to USD 1,100 and you buy back the previously sold ounce at a lower price, you will have a profit of USD 200. And vice versa, if the price for 1 ounce rises to 1,500 USD and you close your sales position (short), you lose 200 USD.
* Please note that the value of the products may change. The examples on our website are hypothetical and should not be used as guidance or advice. You can always contact our team if you have a question.
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- different number of time levels and indicators
- different number of order types
- different programming languages (MQL4, MQL5)