What are the rules of gold trading?

Gold trading/

As the gold market is more and more concerned by investors, it is necessary for those who want to invest in spot gold to understand the trading rules of gold. What are the rules of gold trading?

1. Trading system: T + 0, you can buy it and sell it. The transaction is successful immediately.

2. Operation mode: compared with the one-way long trading of stocks, spot gold can be long and short. That is to say, buy low and sell high, and sell high and sell low (when the gold price is expected to fall, sell first, and then buy when the gold price falls to the target position to earn the difference).

3. Trading time: 08:00 a.m. on Monday to 03:30 a.m. on Saturday (in winter, the rest of the seasons close one hour ahead of time), and the opening day is 24-hour trading. Due to upgrade and maintenance, the trading system will stop operation after 03:00 every Saturday (04:00 US winter time).

4. Price currency: US dollar.

5. Unit of measurement: ounces, 1 oz = 31.1035 G.

6. Trading unit: the basic trading unit is 100 ounces, i.e. 1 hand (1 sheet).

7. Basic deposit: one basic deposit of US $1000.

8. Expense items (all): spread (when placing an order or closing a position, the trading system will automatically add it to the purchase price. If the price rises at 850.50, the actual transaction price is 851.00. The international standard is 0.5 point difference.

Commission (paid to investment company, US $50 / hand). Point difference and commission are automatically charged after you build the position, and there is no charge for closing the position. Interest (commonly known as overnight fee, buy up overnight, investors pay interest, buy down overnight, investors get interest).

9. Account opening (free): fill in the relevant agreement - inject funds - get the user name and password - download the quotation and trading software - start trading.

[disclaimer] the publication of this article by finance managers for the purpose of transmitting more information does not mean that they agree with their views or confirm their descriptions. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk

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