Spot gold (London gold) > gold futures > gold TD (Shanghai gold) > paper gold (bank) > physical gold.
If the novice doesn't know the risk and leverage ratio before, he can choose to invest in paper gold trading, and then he can choose gold TD or spot gold when he is familiar with it.
Spot gold:
T+0 trading: online real-time online trading, flexible and simple trading. Even if you don't make a market, you can automatically buy and sell pending orders.
Opening hours: global trading is 24 hours a day from Monday to Friday, and there is a great market opportunity after 20: 00 in the evening. It is right to go to work for financial management.
Leverage ratio: make a big investment with a small amount of money, and the ratio is about 1: 100, that is, 1000 dollars to buy gold with a value of about 100000 dollars.
Two-way operation: you can buy up and down, and the market can be profitable. The market decline can also be profitable.
Large income: multiple accumulation operations can be carried out on the same day, and the daily fluctuation of international gold price is above 10-30 USD/oz.
Gold futures:
Leverage ratio: It varies according to the margin ratio.
Two-way trading, you can buy up or down.
T+0 system is implemented, and you can buy and sell at any time during trading hours.
The market is centralized and fair. Under the open conditions, the futures trading prices of a region, a country and major financial and trade centers and regions in the world are basically the same.
Hedging, that is, buying and selling futures contracts with the same quantity and price to offset the losses caused by the fluctuation of gold price, is also called "hedging".
Gold TD:
Leverage ratio: 10 times
Two-way investment, silver prices can make money by buying up and down.
T+0 transaction clearing mode, customers can conduct multiple transactions on the same day. The trading time is long, and the settlement will be made after the close every afternoon. Trading time: Monday to Friday at 9: 30am-11:30am; 65438+ 03: 00 pm-65438+05: 30 pm, 20: 00 pm-02:30 am the next day.
Paper gold:
There is no leverage, it is a personal voucher. Investors buy and sell "virtual" gold on the books according to the bank quotation. Individuals earn the fluctuating price difference of gold by grasping the trend of international gold price. Investors' transaction records are only reflected in the "gold passbook account" opened by individuals in advance, and there is no cash withdrawal and delivery of real money and silver.
Physical gold can better reflect the function of maintaining and increasing value, and is suitable for long-term holding. Paper gold trading has low risk and is more convenient than physical gold trading, which is suitable for ordinary investors to participate in gold trading and make profits.
The risk and capital threshold of gold futures, gold T+D and spot gold trading are relatively high, which are suitable for professional investors to hedge or speculate.