Are you a beginner or experienced trader? A day-trader or a long-term investor? No matter what your experience or strategy, easyMarkets metals can be traded multiple ways.
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Forex (FX) is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism.
Trading currencies can be risky and complex. Because there are such large trade flows within the system, it is difficult for rogue traders to influence the price of a currency.
The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies.
Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.
One of the world’s first currencies and the standard for government issued money for hundreds of years, metals are still immensely popular trading instruments. Precious metals such as gold, silver, platinum, palladium even commodity metals like copper have multiple application from electronics to jewelry - even your car’s catalytic converter has platinum and palladium in it.
Forex trading and precious metals are two trading categories that are popular in the financial markets. These two trading products have a lot in common, but there are also many differences, making it difficult for many investors to choose between them. So, what is the difference between foreign exchange and precious metals?
The foreign exchange market is currently the fastest growing and most stable international investment product, with daily trading volume exceeding 7 trillion US dollars. The market activity and the number of participants far exceed that of stocks, futures, and other trading products. The forex market is currently the largest financial market, while the precious metal market is relatively small.
Investors can trade many assets in the foreign exchange market. Inventors can trade forex and precious metals via international broker platforms. The number of currency pairs in the foreign exchange market is measured in the dozens, while the variety of precious metals is relatively tiny. Investors have fewer assets to choose from in precious metals; thus, they are pretty limited.
The foreign exchange market is a global investment market. There are no market makers who control it. Long and short transactions are generally fair transactions, and there are credible institutions to supervise the Forex brokers. Compared with precious metals, the forex market is more open and transparent.
Our dedicated team strive for excellence and pay attention to quality service for our customers. We conceptualize AFX PLUS as being a ecosystem for its users with a wide variety of options at every level.
Gold and silver are two of the four precious metals, which are generally considered to be gold, silver, palladium and platinum. Aside from their use in jewellery, they may have important applications in engineering, electronics, and medicine. These metals are also recognised as mediums of trade in their own right and are considered by many as two of the oldest ‘currencies’ in the world.
Throughout the ages, gold and silver have always had high inherent value. They tend not to corrode or tarnish and are inherently durable, which has made them the metals of choice for currency and jewellery throughout human history.
They are not the only high-priced metals. Iridium and ruthenium are costly, but these are less well known and consequently less popular for trading purposes.
Gold has been used in the production of luxury goods since prehistoric times. It’s rarity, and its resistance to decay and tarnishing has made it precious to virtually every civilisation, while its softness and malleability makes it easy to work into jewellery and decorative items.
It is also increasingly in demand from the electronics industry, thanks to its exceptional conductivity.
Silver has anti-bacterial properties as well as high conductivity, making it ideal for a wide range of applications, including dentistry and water purification as well as electronic engineering – in additional to jewellery.
Platinum in its pure form is used in jewellery and dental work. But it is also in demand for catalytic convertors for motor vehicles. It may also be used as an alloy. An alloy of platinum and cobalt is used to make magnets. It is also used in some chemotherapy drugs.
rading in precious metal has been central to trade for millennia, and remains at the heart of commodity trading today, with gold being the metal most commonly used for this purpose.
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Gold and silver are two of the four precious metals, which are generally considered to be gold, silver, palladium and platinum. Aside from their use in jewellery, they may have important applications in engineering, electronics, and medicine. These metals are also recognised as mediums of trade in their own right and are considered by many as two of the oldest ‘currencies’ in the world.
Gold demand used to be dominated by the jewellery business and although this remains the case, the sector has declined from an 80% market share in 2002 to 50% in recent years. This is largely due to the popularisation of gold as a means of investment. Investment demand for gold bars, coins and ETFs surged between 2003 and 2013, greatly contributing to high gold prices at the beginning of the 2010s before declining somewhat and stabilising at around 30% of the market.
Traders who expect the price of gold, silver or any other precious metal to go up will buy a CFD. Traders who expect a fall will open a sell or ‘short’ position. The profit (or loss) comes from the difference in price between opening and closing the position.