Spot Gold trading

Gold Trading

Since the turn of the millennium, spot gold trading has re-gained popularity thanks to greater price volatility and easy access via online brokers. ThinkForex has structured its gold trading to ensure customers can trade gold contracts in an intelligent manner. Below is a list of benefits this entails:

Gold trading benefits

  • Spreads as low as 10 cents (Pro/VIP accounts)
  • Trade in increments as small as 1 ounce
  • No contract expiration
  • 500:1 leverage to allow for both conservative and aggressive strategies
  • Trade side-by-side with forex pairs

Gold trading example


Margin calculations

 
Margin calculation (100 x price x lot size) / leverage
Example: 100 x 1425.00 x 1.0 = $142500 / 200 = $712.50
Leverage is 200:1 in this example
Gold moves in 0.10 increments with a value of $10 per 1.0 lot. Gold whole increment values can be calculated by multiplying tick value, lot size, and market movement (closing price - open price x 10)
In this example, the position (0.25 lot) was closed at 1440.00 from a 1438.00 open. Market movement = (1440.00 - 1438.00) X 10 = 20 whole increments P&L Calculation 10 x 0.25 x 20 = $50

Contract specifications

 
Contract symbol XAU/USD
Contract size 100 oz
Whole increment size 0.10
Whole increment value per 1.0 lot $10
Trading hours (GMT) Monday 01:00 - Friday 23:45 (GMT+3)

Please Note: There is a daily 1 hour break from 24:00 GMT to 01:00 GMT +3.

Contact ThinkForex

Australia

Level 11, 636 St. Kilda Road.

Melbourne, VIC, Australia 3004

AFSL Number: 424700

ABN Number: 69 158 361561


AU: +61 3 9093 3400

Email: support@thinkforex.com

UK

TF Global Markets (UK) Limited.

2 Copthall Avenue, London, EC2R 7DA.

FCA Number: 629628

Registration Number: 09042646


UK: +44 203 514 2374

CN: +86 400 990 8300

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