Trading Gold via Forex Brokers

[Enivid]

I've published a new article about gold and investing in gold on my blog today and I'd like to know if anyone here trades gold using the Forex brokers or maybe through some other means? I would also like to hear opinions on the gold's account and the future of this commodity here.

 

[orange2009]

Tanks You !

 

[WalkieTalkie]

I trade gold with Forex-Metal broker.They offer gold and silver as part of their fx platform..
Trading gold is just like with other currencies, you trade either technical analysis or fundamental.
Look at the chart, apply your Indicators and decide long/short.
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[onlinestock]

I would prefer Forex over gold. i know Gold is soaring high, but still i will invest more in Forex. My fortune says, Gold might come down in next month or so. So I better to wait for the perfect chance.

 

[FXexpert]

I think trading gold can be profitable but prices are very high right now, they're most likely to go down soon.

 

[FuckingForex]

I love Forex, I do not know anything about gold

 

[Sinnerman]

As a long term investment, I think gold is an excellent choice, but the transaction costs and weird price action prevent me from trading it in the shorter term.

Having said that though, gold is positively correlated with inflation, and we are now in a deflationary recession so I wouldn't be a buyer right now. Once we see the various money printing stimuli start to take effect, we will also see inflation take hold, and it will be very difficult to contain. At that point I will be buying gold. Give it 6-12 months at least, IMO, maybe longer.

 

[FXexpert]

Yes gold can have some very unpredictable price fluctuations, one of the main reasons I stay away from it.

 

[JamesW]

I occasionally trade gold with IGIndex who are very reasonable (0.5 spread), but I've always found it to be more profitable trading gold over several days rather than on an intraday basis.

 

[Enivid]

I occasionally trade gold with IGIndex who are very reasonable (0.5 spread), but I've always found it to be more profitable trading gold over several days rather than on an intraday basis.

0.5 spread for gold is 50 cents per troy ounce traded? Do you get any leverage on gold trading? Because I trade with Marketiva and they don't provide leverage for gold trading.

 

[FXexpert]

What country is IGindex regulated in ??

 

[JamesW]

0.5 spread for gold is 50 cents per troy ounce traded? Do you get any leverage on gold trading? Because I trade with Marketiva and they don't provide leverage for gold trading.

Yes there is a fixed spread of 0.5 (eg current price = 886.50 -887.00) and you can use leverage - £1 per point requires £30, £2 per point requires £60, £10 per point requires £300, etc.

Also to answer the other question, IGIndex is fully regulated by the FSA (in the UK). I've been using them for years and they're easily the best spread-betting company.

 

[FXexpert]

Thanks for answering that question James, I may actually try trading gold a bit, it seems like their is an endless upward trend in the long term 😉

 

[piptrader09]

broker

I prefer a broker ,depending on the spreads they charge. I am with WSD global and they have a 50 pip spread on gold which I personally find quite reasonable .
Gold markets have been quite volatile for the past couple of weeks and I have made some big trades , the pay-off was greater than I expected.

 

[XRanger]

I trade Gold and Stocks in GCI broker, which also trades FOREX and other commodities and it supports MetaTrader. Very good broker.

 

[daniellefr]

I trade gold too from time to time 🙂, still my main focus is on forex.

 

[jsraja]

For those looking to trade gold without using leverage or margin accounts, a reputable online bullion dealer is a great method of doing this

 

[Pinalli]

Yea, I think trading gold is one of the secured trading entity..

 

[Gold PriceZ]

Why the gold price is going up, it appears very difficult to reverse back in the near future.
Good opportunity for investors in the long run only. Day traders should be careful.
Thanks
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