If you think the current price will go up, you can buy the position, if you think it will go down, you can sell the position. When the current price trend direction is consistent with the opening direction, you can make a profit.
London gold/silver trading rules:
Buy up: the latest price is higher than the opening price, which means profit.
Buying down (short) the latest price is lower than the opening price, that is, making a profit.
Spot gold trading, the implementation of the margin system, less capital and high efficiency, buying 1 hand loco London gold contract is equivalent to holding 100 ounces of trading rights, and earning 1000 dollars for10 ounces. Global gold market integration, 24 hours a day, always seize investment opportunities. You can use simulated accounts to participate in simulated transactions and learn through practice.
When an order loses money, the margin level will drop. When the margin level in the trading account reaches or falls below 30%, the trading platform will forcibly close the position one by one in the order of the greatest loss. Until the margin level is restored to above 30%.
The forced liquidation bidding method is the system default and cannot be cancelled. Reminder: In case of holidays and weekends, the level of forced liquidation will be increased from 30% to 100% 5 minutes before the market closes. At the opening of the market, the level of forced liquidation was restored from 100% to 30%. Pay attention to the positions and funds of accounts at weekends or before the market closes.