The Benefits of Trading
Online trading through Internet based companies has dramatically lowered the costs of trading and this has empowered the individual retail trader to invest in the market & this online access has made gold trading accessible to the small & medium sized gold trading investors.
This is why gold trade is gaining a lot of popularity, especially considering the Trading Leverage given to retail traders to begin Gold Trading. Simply put what leverage means is that for Every 1 dollar you put in your account your broker will give you up to 100 dollars if you are using a leverage ratio of 100:1, so if you start trading with $1,000 dollars you will get a total of $100,000. Your profit or loss will be calculated from this $100,000 dollars and this way you can make more profits - or make more losses.
This leverage is what makes gold trading attractive to many beginners. Gold Leverage makes gold trading more accessible to retail trading investors who don’t have thousands of dollars as capital to start trading with, but when these retail traders get gold leverage their capital is boosted to the tune of thousands of dollars depending on the deposited amount that the traders deposit in their account.
If you have $1,000 & get gold leverage of 100:1 then you will have a total of $100,000 dollars in your leveraged account to begin trading with.
Another example is, If you have 1,000 dollars and get the leverage of 50:1 then you will have a total of $50,000 dollars in your leveraged account to begin trading with.
Another advantage of spot gold trading is that you can open a free Demo Trading Practice Account, the demo account is a practice account that you use to practice trading with without depositing or investing your money, it uses virtual money to simulate real xauusd trading.
Probably the most attractive thing about the market is that it's accessible to just about anyone & everyone who wants to start xauusd trading and the fact that you can find hundreds of brokers that provide downloadable platforms & trading apps that enables you as a beginner to access the trading live price quotes using a practice account makes the market available to many retail traders.
A demo practice account provides you as a beginner trader with an almost identical trading experience as the one that you will get to experience when you start trading using real money on a real account known as a live account.
The demo account uses the same software platform or gold mobile app that is used by real traders the only difference is that on a demo practice account you are using virtual money, not real money.
The value of this type of practice trading experience is invaluable mostly because it makes it possible for the beginner trader to discover if or not they got what it takes to make it in the online market - before they can decide whether or not to invest in the real market. The beginner trader can learn xauusd trading and test out their techniques & strategies for many days, weeks or months before making a decision if they are ready to start trading with real money in the live market.
However, before you start trading, you need to learn the different terms & strategies used by traders. On this learn website is where you can learn everything about basics required by beginner traders before starting trading. Then after learning trading and practicing for a month or two, you can then decide whether or not to open a live account & begin trading the live market.
Navigate to our learn basics lessons section and start learning trading and how to make money in the market by trading price moves.