Introduction To Trading Precious Metals
Although precious metals do have certain industrial applications, they are overwhelmingly considered a store of value.
Precious metals are renowned as safe-haven assets. When traditional financial markets, such as stocks, indices and bonds stop performing, many investors typically park their cash in precious metal investments. Humans instinctively recognise these shiny metals as valuable. Gold played a vital role in the early Egyptian, Lydian, Greek and Roman empires. Throughout history, gold and silver have been used as money. Even though precious metals no longer have an active role in the economy, central banks and large commercial banks continue to hoard them, and active investors use them as a hedging tool.
The Benefits Of Trading Precious Metals CFDs
Trading precious metals using contracts for difference offers numerous advantages over other forms of investing, such as physical ownership.
Choose the right trading account to match your investment goals. Whether you’re a day-trader looking to profit from short term price movements or a position trader, looking to benefit from the long-term appreciation or depreciation of precious metals, then AFXMarkets probably has a suitable account for you.
Here are the four most popular trading accounts for precious metals traders.
Want To Practice First?
Practice makes perfect. That’s why we give all clients a free lifetime demo trading account to polish their skills for trading precious metals.
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Trade Precious Metals Online
AFXMarkets offers two premium online trading platforms to analyse and trade precious metals. Detailed charts can show years of historical price information for all available precious metals trading pairs.
We offer MetaTrader 4, the world’s most popular and advanced trading platform with endless capabilities, and our very own AFXMarkets trading platform, which is ideal for beginners looking for a modern trading interface.
Gold: Best CFD
Gold is the third most traded financial asset in the world. According to the World Gold Council as of December 2019, the average daily trading volume of gold was $145.5 bln, which is higher than the average daily trading volume of EUR/USD.
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We offer more than precious metals
If you want to trade gold or silver, then you have come to the right place. However, if you’re interested in more than precious metals, we’ve still got you covered. Our vision is to provide a one-stop destination for traders and investors to access a wide range of products in the financial markets. With one trading account, you can discover hundreds of financial instruments. If you don’t see any good trading opportunities in the precious metals markets, you could easily view the charts of numerous forex pairs, stocks, indices and more. If you do find an opportunity, you can go right ahead and open a position. There is no need to open a new account or change any settings.
Speak to an Account Manager to Find Out More.