Spot gold trading rules:
Quotation: USD/oz, settled in USD.
Trading time:
Monday at 07: 00? Where to? Saturday at 02: 59? (Daylight Saving Time), except legal holidays and international closing time.
Monday at 07: 00? Where to? 03: 59 on Saturday? (Winter), except legal holidays and international closing time.
Contract unit: 1 lot = 100 oz, with the lowest fluctuation of 0.0 1 USD/oz.
Contract specifications: standard order: 1 lot = 100 oz, contract deposit: 1000 USD (that is, 1000 USD can be bought 1 lot).
Different traders have different margins. The higher the margin, the better the risk management for investors.
Trading mechanism: Stop loss and take profit can be set at the same time when placing an order.
Long: the profit of buying at a low price and selling at a high price.
Buy down (short): sell at a high price, buy at a low price, and make a profit.
Transaction mode: T+0, that is, buy and sell, two-way operation and down payment (deposit).
Handling fee: None.
Spread: Spot gold is a spread of 0.05, that is, 1 hand is 100 ounce.
? Spread =1x100x0.05 = USD 50.
Note: the spread is charged by the dealer, because it is a transaction in the form of margin, so the handling fee is charged by the front end and deducted when each order is closed, so the deficit will be negative after all orders are closed!