Profit tantalizing trading gold or xau for FOREXCOM:XAUUSD by budiridhollah

How to Trade Gold Online
The topic of what gold trading is is often discussed because it provides big profits. But there are still many people who are confused about how to start. Today, gold trading can be done easily online. With internet, gadgets, and high analytical skills, you can make a lot of money, you know!
Gold trading is trade that is usually carried out through brokers as intermediaries between traders and the capital market. With a broker, you can buy and sell gold commodities globally. So, currently there are many choices of brokers available, both local and foreign. You can choose any broker you trust. However, before trading gold you need to register or create an account with the broker of your choice. You can start trading gold by following these steps:
• Registration/creating an account with the broker of your choice;
• Complete personal data;
• Make a deposit in accordance with the provisions of the broker;
• Start trading gold .
Advantages of Gold Trading
Luscious profits are one of the reasons why gold trading is popular with traders. Compared to investing in physical gold , the results of which can only be felt in more than a year, trading gold can provide high profits within 1 hour or even just 5 minutes. It’s no wonder that gold trading is in great demand by many people.
In addition to high profits, you can trade without a time limit, which is for 24 hours straight. The online system in gold trading makes it easier for traders to trade anywhere and anytime. Want to know what are the other advantages of gold trading? Let’s see below.
1. Gold Trading is Liquid
Gold commodity is the biggest market in the world. In the forex market, gold liquidity can be said to be very high so it is safe without worrying about bankruptcy. It is very easy to open and close trading positions. However, you still need to make a strategy so you don’t lose money. The reason is, in trading the price of gold moves very quickly in a matter of minutes.
2. Big Profit Opportunity
Trading gold is a way to open high profit opportunities because the transaction volume can reach trillions of US dollars per day. This allows you to trade with high volumes in order to increase the chances of higher profits when trading.

3. Gold Trading Use Leverage

Do you know what trading gold with leverage is? Leverage is another advantage of trading gold . Leverage is a facility that allows traders to get trading contracts for a certain amount without having to pay in full. For example, the broker offers a leverage facility of 1:1000, so you only need US$1 to be able to trade US$1000. Thus, limited capital is no longer a problem when you want to trade.

4. Free to Trade 24/5

Time flexibility is an advantage of trading gold in the forex market. Unlike investing in the capital market which can only be done at a certain time, you can trade gold 24 hours on weekdays (Monday-Friday). So, time constraints are no longer a problem when you want to make a profit through trading. You can do it any time.

5. Low Transaction Fees

In gold trading, brokers tend to set low transaction fees so that traders can get maximum profit. Usually, brokers only charge transaction fees through the difference between the bid and ask (buy and sell) prices, known as the spread.

6. No Risk of Missing Bullion

Losing gold bullion is one of the disadvantages that you can experience when investing in gold conventionally. However, this is impossible to happen when you are trading gold . The reason is, when trading gold everything is done online and you don’t even store physical gold . In addition, there are no additional costs that need to be incurred for transportation, safe rental, and so on like conventional gold investments.

Beware of Gold Trading Risks

Big profits in a short period of time in gold trading cannot be separated from the risks. So, what is the risk of trading gold? As we know that in investing there is a principle of high risk, high return. That is, the big profits are in accordance with the big risks that will be faced. You need to carefully consider every risk that might occur when trading gold .

There are at least two risks that have the potential to occur when trading gold . Among them are changes in fluctuating interest rates and potential losses from leverage. Thus, using a trading strategy is very important to minimize risk so that it doesn’t harm you too much. Let’s discuss more about these two risks.

1. Fast Interest Rate Changes

Currency exchange rates that are affected by interest rates can be a factor in potential losses in gold trading, you know! If the interest rate in a country rises, then the value of the country’s currency will get stronger. Vice versa when interest rates decrease, the value of a country’s currency has the potential to weaken. Well, this change in interest rates triggers fluctuations in the value of gold in the forex market.

2. Potential Loss due to Leverage

You already understand what gold trading is with leverage in the explanation above. Also know, here, leverage can be very profitable or vice versa. Because, the big profits are proportional to the potential big losses too. You can choose leverage according to your financial capabilities so that you can keep it under control and minimize potential losses. In addition, you can also set margins and financial management properly.

Are you interested in trading online, OK, here I will recommend the best broker, namely Quotex, to trade on Quotex, you need to register or enter at Quotex, login via the link https://quotexbrokerlogin.com