Since the turn of the millennium, spot gold trading has re-gained popularity thanks to greater price volatility and easy access via online brokers. Golden FX Link Capital Co., Ltd. has structured its gold trading to ensure customers can trade gold contracts in an intelligent manner. Below is a list of benefits this entails
|Margin calculation||(100 x price x lot size) / leverage|
100 x 1425.00 x 1.0 = $142500 / 200 = $712.50
Leverage is 1:200 in this example
Gold moves in 0.10 increments with a value of $10 per 1.0 lot. Gold whole increment values can be caluculated 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, and market movement
= (1440.00 - 1438.00) x 10 = 20 whole increment P&L Calculation 10 x 0.25 x 20 = $50
|Contract size||100 oz|
|Whole increment size||0.1|
|Whole incement value per 1.0 lot||$ 10|
|Trading hour (GMT)||
Sunday 23:00 - Friday 22:00 (During America's Non-Daylight Saving)
Sunday 22:00 - Friday 21:00 (During America's Daylight Saving)
There is a daily 1 hour break from 21:00 GMT to 22:00 GMT.
page for a full list of specifications on all instruments Golden FX Link Capital Co., Ltd. offers.
Success in trading comes down to having an edge; something that puts the odds in your favor. Trading experience, psychological mastery, and education in the markets are all a key part of how an edge can be developed.