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What is spot gold trading?

Spot gold, also called Loco-London gold trading, is an investment and financial management project formed by gold companies establishing trading platforms and trading online with market makers in the form of leverage ratio. Spot gold is usually called the largest stock in the world, and its essence is to earn the difference by buying and selling gold. Its trading mechanism is flexible, and investors can operate in two-way T+ through the electronic platform 24 hours a day, and there are profit opportunities regardless of the price of gold. \xd\ Market makers are the four major international gold merchants: HSBC, Maple Leaf Bank, United States, Lochiel International Investment Bank. Quotation: The international unit of valuation is USD/oz, which is settled in USD, and RMB is converted into USD at the bank exchange rate. (1 ounce = 31.135g) \xd\ Trading time: trading 24 hours a day, and closing on weekends. Contract unit: 1 lot =1 ounces \xd\ Contract specification: standard order: 1 lot = 1 ounces. Contract deposit: 1, dollars (that is, 1 lot can be bought at 1, dollars) Mechanism: stop loss can be set for this order at the same time when entering the market. Buy up (long): the profit of buying at a low price and selling at a high price. Buy down (short): sell at a high price and buy at a low price to make a profit. \xd\ Transaction form: T+ form means buy and sell, two-way operation, and down payment (deposit) form. \xd\ The form of down payment (down payment) is margin trading. Here, let me explain what margin trading is: margin trading, also known as deposit trading, means that investors use their own funds as a guarantee to conduct transactions by amplifying the financing provided by banks or brokers, that is, amplifying the trading funds of investors. The proportion of financing is generally determined by banks or brokers. The greater the proportion of financing, the less money customers need to pay. The margin ratio of spot gold is less than 1%. To put it simply, I want to buy 1 grams of gold, and I only need to pay a deposit (deposit) that is less than 1 gram of gold.