Best Metals Trading Online With Enclave FX
gold silver, platinum and diversify your trading strategy
What is Metals Trading?
At FP Markets, we offer you exposure to the most popular precious metals that make up an important commodity asset class. Metals trading is closely linked to the outlook for the overall global markets and major currencies and metals are traded against major currencies in a similar way to other currency pairs on the platform. Factors affecting precious metal prices include supply and demand, interest rates, economic uncertainty, industrial output and the strength of the dollar with precious metals like gold traditionally viewed as a safe haven in times of volatility.
How Does Metals Trading Work?
Trade with wide range of metal instruments, your trading strategy will give youan outstanding trading result.
Trade with Myriad Range of Currencies
|Standard A/c||Raw ECN A/c|
|XAUUSD||Gold vs US Dollar||0.16||0.29||0||0.13|
|XAUAUD||Gold vs Australian Dollar||0.56||0.88||0.46||0.78|
|XAGUSD||Silver vs US Dollar||0.012||0.02||0.01||0.01|
|XPDUSD||Gold vs Australian Dollar||0.016||0.03||0.014||0.02|
Simple Application Process gives you Easy Trading Giving Outstanding Results
An Example of
Leveraged Metals Trading
Now, “bid” is the selling price. This is what you sell the asset at. The higher of the two is the “ask price” or buy price; the rate at which you buy the asset. The difference between these two prices is the “spread.” This is your cost of trading. Depending on how liquid your asset is and your choice of broker, the spread can be tight or wide.
Why Trade CFD with EnclaveFX?
Factors Affecting Precious Metal Prices
Supply and Demand: Applicable across all products and services, the same also applies to precious metals. A shortage in metals or the increased demand for their use can affect prices. Let’s take industrial metals such as copper or aluminium. A technological advancement may create an alternative for their use and decrease their value.
Macroeconomic Variables: Data relating to interest rates and GDP affect a significant amount of metals. One of the reasons is because metals are seen as a safe-haven, and an alternative investment to the cash rate provided by financial institutions.
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