1. Advantages of investing in paper gold: trading 24 hours at any time, which has great advantages in price persistence. Transaction mode, convenient online banking electronic transaction,
Disadvantages: you can't short, you can't operate in a falling situation, and you can trade in full. Although the stability is high, the flexibility of two points is low. Can only buy low and sell high, and the rate of return is small. 2. Advantages of investing in physical gold: tangible gold (gold bars, coins and nuggets) can be kept at home as a gold reserve against inflation, and the gold ornaments are beautiful and can be used for decoration.
Disadvantages: (gold bars, coins, nuggets, gold jewelry), the sale needs to pay renewal fees, and the storage of gold should be safe, because the integrity of gold is very important when recycling. Buying gold ornaments or gold souvenirs has high manual cost and high added value. From ordinary gold to jewelry, we need to add the profits of manufacturers, wholesalers and retailers. These expenses are borne by consumers. The price is much higher than the price of gold. When you want to sell cash, you can only sell it as a second hand. Between the buying price and the selling price, the investment value of gold jewelry is undoubtedly greatly reduced. 3. Domestic Gold Advantage: 2008. 1.9 The account opening ratio of domestic gold futures margin mode is generally around 10, with high returns and trading time of only 6.
Disadvantages: high returns and relatively high risks, which need reasonable control by investors. It's best to have a broker to help you prompt. The trading time is short, so it is impossible to adjust the time when going to work. The price has a persistent disadvantage. Like stocks, there is a banker, so domestic gold is basically highly leveraged and it is difficult to make a profit with the banker. 4. Advantages of international spot gold: integrating thousands of advantages. The trading time is 24 hours, and T+0 can open positions many times on the same day. The investment is small, the rate of return is high, and the leverage reaches 50-200. For decades, the global market has been very large and there is no banker. The daily trading volume is about 20 trillion US dollars. All gold prices follow the spot gold. The analysis and judgment are relatively simple, closely related to the trend of the US dollar and international crude oil, fair and transparent, and willing to win and lose.
Disadvantages: high returns are of course high risks. It is very important to control the position reasonably and close the position in time. It is best to have an agent to help remind you.
The best investment in gold speculation should be spot gold investment. International spot gold is divided into international spot London gold and Hong Kong gold.
Domestic spot gold
5. Advantages of domestic spot gold: With the gradual integration with the international financial market, investing in international spot gold is a new legal project in China. It not only has the advantages of international spot gold trading time of 24 hours, T+0 can open and close positions many times on the same day, less investment and high return rate, but also limits the leverage to 12.5 times, which reduces the risk of investors. More importantly, domestic spot gold is the only legal gold speculation product recognized by the state, and the funds are managed by the third party of Bank of Communications and China Everbright Bank to ensure the safety of investors' funds. The price trend and quotation are still quoted according to the international market, and there is no banker. All gold prices follow the spot gold. The analysis and judgment are relatively simple, which is closely related to the trend of the US dollar and crude oil.
Disadvantages: high returns are accompanied by high risks, and strict stop loss and reasonable control of positions are the key to returns. Another disadvantage is that he is not a futures, which is both an advantage and a disadvantage. Leverage XAUUSD gold leverage can be up to 50-400, too much or too little leverage is not good. T in gold T+D is the initials of Trade and D is the initials of Delay.
Officially, gold T+D refers to the standardized contract made by Shanghai Gold Exchange, which stipulates to deliver a certain number of subject matter at a specific time and place in the future.
The T+D of gold is similar to the T+ 1 trading mode of stocks, that is, stocks bought today cannot be sold until the next "one" trading day, while the D of gold T+D is unlimited. That is to say, gold T+D can open and close positions at any time, open positions on the same day, and close positions on the third day of the next day or even longer.
The characteristic of gold T+D is buying and selling by stages. Traders can choose to deliver on the same day or postpone delivery indefinitely. & ltBR & gt Gold T+D contract includes: contract name, trading unit, quotation unit, minimum fluctuation price, maximum fluctuation limit of daily price, trading time, delivery date, delivery grade, delivery place, minimum trading margin, transaction cost, delivery method and transaction code. The annexes to the gold T+D contract have the same legal effect as the gold T+D contract.
The gold T+D market is a market for buying and selling gold T+D contracts. This kind of transaction involves producers and operators who transfer the risk of price fluctuation and venture capitalists who bear the price risk and make profits. Fair competition shall be conducted in the exchange according to law and guaranteed by the margin system. A notable feature of the margin system is that it uses less money to make larger transactions, and the margin is generally 15% of the contract value. Compared with stock investment, investors' investment funds in the gold T+D market are much smaller than other investments, commonly known as "small bets". The purpose of gold T+D trading is not to obtain physical objects, but to avoid price risks or arbitrage, and generally does not realize the transfer of commodity ownership. The basic function of gold T+D market is to provide producers and operators with the means of hedging and avoiding price risks, and to form a fair price through fair and open competition. To sum up, it is a classification description.
Risk: gold foreign exchange investment has high returns and high risks, and it is similar to stocks without capital preservation. Therefore, after all, gold foreign exchange margin trading is financial management, and basic knowledge is still needed and very important, and not all gold foreign exchange gold companies can choose, and not all investments can be profitable. Therefore, preparation or introduction is very important. Beginners can learn some introductory suggestions:
Basic knowledge is necessary,
I suggest reading Introduction to Gold Foreign Exchange, Japanese Candle Chart Curve, Super Short-term Master and Foreign Exchange A-Z. ..
2. Choose a mainstream platform (supervised by FSA or NFA) and explain whether they are standardized and serious in operation and capital flow, thus ensuring our safety. The FSA in Britain has the strictest supervision, and FXCM and FXSOL are generally well-known.
Choose a good agent, preferably a first-class agent. At the formal level, word-of-mouth is slowly precipitating, so the operation is very formal. Without commission and other handling fees, timely service and professional quality will also ensure the safety of your funds.
It is very important to set stop loss and control positions when trading.
It is normal to make a profit by keeping a good attitude. Note: You also need to know some basic foreign exchange knowledge. The currency symbol of GOLD, the gold code is generally XAUUSD or Gold, which is an internationally accepted practice. For currency symbols, you must first know which currency pair to fry. What if both currency pairs are in English? These are some currency symbols. The most basic thing to speculate in gold is to know the gold symbol and its exchange rate. Earn profits according to the increase or decrease of exchange rate ratio. ,
English symbols of several major currencies
Gold (USD) USD (USD) EUR (JPY) GBP (GBP)
Australian dollar, Canadian dollar, New Zealand dollar and Swiss franc
The smallest unit of exchange rate change-point and spread
Generally, the exchange rate is expressed by 5 digits, and the last digit changes by 1, which is the smallest exchange rate change, called 1 point.
The difference between the buying price and the selling price is called the price difference.
The smallest unit of margin trading. If it is a standard account, the transaction unit provided by brokers on the internet is 1 hand, and the transaction volume is 65438+ million base currency. If it is a mini account, the first-hand transaction is110 of the standard account. For example, the actual transaction of USD/JPY is equivalent to actually buying (selling) USD/JPY 65,438+million USD. If it is Euro/USD, the actual transaction volume is equivalent to Euro/USD worth 65,438+million euros.
Gold price difference description
The price difference is the difference between buying and selling. When the gold merchants and banks behind the trading platform quote gold, the quotation will be low and the selling price will be high. The price difference in the middle is their profit. Usually, the bid-ask spread of spot gold is 0.35-0.50 USD per ounce. Two-way trading sells gold at the same time at the price of $945.5 per ounce, so the difference in the middle is his profit. If you want to buy gold, for example, Fuhui Global Jinhui wants to buy gold, and his bid is $945.0 per ounce, then you can buy it at $945.5. If you want to sell gold, you can only sell it for $945.0. The mainstream traders in the world accept the bank quotation directly, which is a floating spread quotation mode, but there will be a floating range.
The difference between the buying price and the selling price is called the price difference.
If the smallest unit of margin trading is Jinhui.com General Gold Standard Account, the trading unit provided by General Foreign Exchange is 1 lot, and the trading volume is 65438+ million base currency. If it is a mini account, the first-hand transaction is110 of the standard account.
A standard lot of gold is 100 ounce, and the lowest trading unit is 1 ounce, which is 0.0 1 standard lot.
appoint
Some dealers or agents will add a part of the transaction cost to customers on the basis of the quotation of platform vendors as the handling fee for customer account opening and service (there is no gold brokerage in China, so most customers' accounts are opened through agents), and this part of the increased cost is commission besides the spread. Generally, large-scale brokers (agents) have no commission, because they have a large number of customers, which is equivalent to the metaphor of retail and wholesale. Then the platform provider will give more support, so there will be no additional commission fee for customers, and the service fee for customers will be paid by the platform provider. All customer transactions of Fuhui Global Jinhui are original spreads, and there will be no additional commission and handling fee.
Contract unit
In the early days, some gold traders in Hong Kong took 100 ounce as the spot gold trading unit, that is, 1 as the standard hand, and 100 ounce or its multiple as the trading unit. At present, the internationally accepted amount of yellow is 1 ounce, that is, 1 as a mini-hand.
cash deposit
Margin refers to the amount of funds occupied by a certain unit you trade. The margin occupied by customer transaction 1 gold 1 ounce is fixed at USD 4. By analogy, the margin occupied by other traders is an integral multiple of $4.
tool
20 13 the optional leverage for international gold speculation is 50 100 200 400, etc. Generally speaking, the number of traders regulated by FSA and NFA should not exceed 200.
0 times leverage, margin = 10%. In other words, when you bill a transaction, you need to pay 10% of the total contract funds as a guarantee. 50 times leverage, margin =2%, that is to say, you need to pay 2% of the total contract funds as a guarantee for billing transactions. 100 times leverage, margin = 1%, and only need to bear 1% capital guarantee when billing. 200 times leverage, margin =0.5%, you only need to bear a single order of 5 ‰. 400 times leverage, margin =0.25%, you only need 2.5 thousandths to bill.
trading hour
Monday to Saturday (Beijing time): 5 am Monday to 4 am Saturday.
Closed on weekends (note: the closing time from Monday to Saturday will be slightly different according to different platforms)
Overnight positions: All overnight positions need to pay a certain interest rate, which is collected according to the international banking practice and reflected in the customer's trading account on the next working day.
Transaction cost: spread or spread+commission
Profit and loss calculation: (selling price-buying price) * contract specification * contract quantity-interest-handling fee = profit and loss.
Daily settlement:
The settlement time of each platform is slightly different. Generally, the settlement time of formal platforms is concentrated in the light trading hours from 3: 00 am to 7: 00 am.
Transaction details
All transaction details can be queried in real time through the electronic trading platform. Customers can query all deposit and withdrawal records, interest receipts and payments, and transaction details, and the query time can be traced back to the account opening date.
platform
Of course, if you want to choose spot gold, you must choose a formal company. In view of the large number of domestic companies engaged in gold trading in 20 13, there are inevitably some illegal underground black houses. Customers who open accounts in such companies to make gold are likely to have their principal taken away ... Although there has been no such incident so far, we must be vigilant. Moreover, the platform of the dark room is very unstable, and the market definitely fluctuates greatly, so the platform.
So what kind of platform is suitable ... Mainly there are many platforms in Chinese mainland. As long as the Hong Kong companies that can be found on the official website of China Gold and Silver Exchange are trustworthy,
Domestic gold speculation should be spot gold. Its trading time, trading leverage and scale are the best choices for speculating gold in the world.
The platform for speculating London gold is very important. 20 13 many investors don't know enough about the platform, so it is difficult to choose a good platform. FX sol ODL fxcmfxdd Pacific capital xtbtencokongroup alpari CMS FX club PFG GFT GCI EFD In no particular order, please add and correct me.
Foreign exchange solution (abbreviated as FXSOL)
In other words, FXSOL, one of the largest foreign exchange margin traders in the world, is regulated by both FCA and NFA. FCA and NFA are world-renowned non-profit regulatory agencies. FXSOL has long concentrated all its resources in the CFD trading industry of foreign exchange, gold and stock index. At present, the foreign exchange market with a daily trading volume of 654.38+0.5 trillion US dollars has become the largest market in the whole demand range. Because of its high liquidity and variability, it provides traders with more opportunities and advantages than other markets.
FXSOL is regulated by American Futures Association (NFA) with regulatory number ID: 03 12620, and FXSOL is regulated by British Financial Services Authority (FSA) with regulatory number ID: 1 13942.
The minimum account opening is $250, the maximum leverage is 400 times, and the minimum number of transactions is 0.0 1. You can use MT4 and GTS trading software at will. British foreign exchange dealer ODLSECURITIES Foreign Exchange Company, referred to as ODLS, was established in 1994 and is a British foreign exchange dealer. It provides real-time updated quotation information for individual investors, hedge funds and corporate customers 24 hours a day. The registration number of ODL Securities in FCA is 17 1487. Useful ODL has a good reputation in China and is loved by domestic foreign exchange speculators. Therefore, in May of 20 10, FXCM merged with ODL.
After the merger, ODL still operates independently. The minimum account opening is $500, the maximum leverage is 400 times, and the minimum number of transactions is 0. 1. You can use MT4 and TS2 trading software at will. Founded in 2002, OFX Limited is a famous British trader and one of the most famous financial groups in Europe. OFX Co., Ltd. has a diversified investment platform, which can tailor a more personalized portfolio for different customer groups. OFX provides real-time updated quotation information for individual investors, hedge funds and corporate customers 24 hours a day. It represents the most advanced trading software at present and has the function of fast and fair trading execution. At the same time, OFX Co., Ltd. manages more than $5 billion in customer rights worldwide, with more than 65,438+02,000 customers from more than 40 countries, and it is still growing. As a major foreign exchange dealer in London, the company has abundant capital and technical strength. OFX Limited is headquartered in Berkeley Square, London Financial Street, with more than 300 employees and more than 20 branches.
OFX Limited's investment can enjoy the most favorable spread transaction on the banking network. OFX platform has foreign exchange, gold, silver, dollar index and spread contract. It is one of the few MT4 platform companies in 20 13 that can provide the US dollar index.
From June 5, 2007 to1October 5, 2007, OFX Co., Ltd. has become a retail service provider for small and medium-sized investors in Europe. OFX co., ltd. has obtained the financial license issued by the Financial Supervisory Authority (FCA), with the license number of 502322 Lionstone is a legally recognized British registered company, and all its businesses are in compliance with British legal norms.
This is a relatively large market in Britain. FXCM has good trading conditions in China, and it is one of the global foreign exchange and contract for difference brokers, serving the retail and institutional markets. 1999 completed, floating price difference. TS2 platform. Provide online foreign exchange trading services for retail customers.
Fuhui Group specializes in providing online foreign exchange trading services for private customers, hedge funds and financial institutions around the world.
The members of FXCM include: FXCM Asia (Asia), FXCM Capital Market Co., Ltd. (USA), FXCM Capital Market Co., Ltd. (UK) and FXCM Capital Market Japan (Japan). In the online foreign exchange trading industry, and the monthly turnover is as high as 30 billion US dollars. CMS is registered in NFA and FSA, and is one of the largest foreign exchange dealers in the world! VT platform can place orders in the chart, and mini and standard transactions can be executed on the same platform.
This trader is also a very old trader, and the spread in the past is also very advantageous, but the platform is VT platform, which is not as common as MT4 platform. The NFA of the United States has announced that it will reduce its foreign exchange leverage to 20-50 times, so no American company can provide foreign exchange transactions with more than 50 times leverage, and no company regulated by the NFA of the United States can stop losses and lock positions. It must abide by the principle of first in first out. Keep this in mind to distinguish American companies. The American version is not necessarily better than the English version to some extent. It must be said that British companies are biased. Just remember that it's the English version. )
In fact, the British Financial Services Authority is more influential than the NFA in the United States. At present, Britain is the country with the most perfect financial services in the world, and all financial services institutions registered in its territory are strictly supervised by the Financial Services Regulatory Authority (FSA). At the same time, it can also get higher protection from the British investor protection plan.