How to start investing in Metals (Gold, Silver) online? Table of Contents
Invest in Precious Metals on AvaTrade
AvaTrade offers CFDs on the following major precious metals:
- GOLD
- SILVER
- PLATINUM
- PALLADIUM
- COPPER
Gold, silver, copper, platinum, and palladium have always been known as valuable raw materials and their rarity is the reason that makes them precious.
In fact, these are expensive materials, difficult to extract and appreciated by both industries and investors.
Start trading Precious Metals on AvaTrade
In today’s trading world, it is possible to generate profits from a commodity, such as gold, without having to physically own the metal.
With AvaTrade, you can trade gold, platinum, and other precious metals online with ease.
Try trading metals with your leading regulated broker and enjoy the following benefits.
- Trade gold, platinum, palladium, silver, and copper with competitive spreads.
- Open larger trades with up to 10: 1 leverage.
- Use the most used platform of the moment, the MT5.
- Trade from your smartphone with AvaTrade’s new AvaTradeGO app.
- Receive 24/5 customer support in Italian.
- Copy trading platforms including ZuluTrade and DupliTrade.
Start trading the dynamic precious metals markets with AvaTrade and enjoy the benefits of trading with an award-winning regulated broker!
Go to AvaTrade’s Official Website
Why trade Precious Metals with AvaTrade?
Which precious metals suit your trading style and market knowledge best? Why are they so volatile? AvaTrade’s CFD trading allows you to enter the following markets.
The benefits of trading precious metals with AvaTrade.
Trading precious metals with AvaTrade can be beneficial in several ways:
- Short selling or “short” positions allow traders to benefit from falling prices. This allows you to trade and benefit from falling markets. Unlike underlying metals trading, CFD trading offers greater flexibility and liquidity, allowing traders to go short with less risk than trading actual metals.
- Leveraged trading allows traders to open a significantly larger position with minimal investment, which means traders can control larger amounts of money. Using leverage means amplifying potential profits, but at the same time amplifying potential losses.
- Automated trading is a trading method that uses a computer program, which helps traders determine whether to buy or sell at a given time. Each trader can set up the software to make certain decisions based on the implemented technical rules.
The fact that transactions with AvaTrade are carried out through an online trading platform with SSL encryption is a great advantage in avoiding potential hackers and thieves.
Open AvaTrade’s Account to invest in Precious Metals
What are Precious Metals?
Precious metals are defined by their rarity and their use as an investment vehicle (this refers to the fact that a person or company can invest with the ultimate intention of increasing their money). The term “precious metals” refers to the group of metals known to be unique and of great value.
The factors that have historically influenced the price of gold and other precious metals are of an economic, financial nature and given the drastic events that follow one another globally, these have often played the role of safe-haven assets and assets that maintain their own value over time.
Precious metals are also known as rare metals that possess certain characteristics and unique beauty of their kind and which are therefore usually used in the creation of jewelry. In fact, these metals do not rust or deteriorate and therefore can last for many years.
However, precious metals are used in various sectors, for example, silver is used in the production of solar panels, medical and surgical equipment, electronic products for everyday use, such as cell phones and cameras, mirrors, and many other objects. Gold is required for jewelry, electronic components, and orthodontic aids, since it is flexible, conducts electricity, and can be melted with other metals. Popular objects such as awards and medals are also made of gold.
Learn more about Precious Metals on AvaTrade
What influences the prices of Precious Metals?
Several factors come into play when analyzing precious metal prices:
- Supply
- Can be affected by declines in production and political instability.
- Demand
- Mostly related to jewelry, use in everyday technological products and for investment purposes.
- Market volatility
- Precious metals have often been used as safe haven investments when markets become unpredictable.
- Currency strength
- Most precious metals are priced in USD and for this reason, it is important to monitor the dollar index to better predict price dynamics.
Investing in precious metals is a popular way to diversify your portfolio. There are several options when you want to start investing in coins and bars. These offer very small margins and are traded close to the current market price of the metal.
Mining stocks from publicly traded companies offer investors the opportunity to buy at the production level.
ETFs, come to the rescue for those looking for a mix of exposure to metals and precious metal mining companies. There is a range of options, including funds in specific areas or globally, small mining producers, or large mining companies.
As global economies improved, precious metal prices have been hit as fewer investors feel the need to invest in safe-haven assets. However, when times get tough, people around the world seek the safety of precious metals.
As an AvaTrade client, you will receive regular and live market analysis, as well as access to steaming updates and analysis of the latest movements in the precious metals markets.
Check out Professional Analysis of AvaTrade
How AvaTrade support your investment
Join AvaTrade with just € 100 and start trading gold and other metals today. You will have access to a number of unique advantages and benefits for AvaTrade clients.
AvaTrade offers a series of intuitive and customizable platforms, which include solutions for automated trading, so you can be sure to find the trading environment that suits your style. You can trade gold and other commodities on the same screen as forex operations, you can buy and sell directly from the charts in real-time and set stop and limit orders to protect your capital.
AvaTrade also offers award-winning customer support in over 15 languages during market opening hours.
The best way to trade precious metals in 4 simple steps:
- Open a trading account with AvaTrade;
- Fund your account;
- Choose the precious metals you wish to trade;
- Start trading.
Which Precious Metal is the best to trade online?
One of the main ones is the easy liquidity provided by precious metals, which supports the entire market. Another reason is the ever-increasing demand, which also supports increases in the price. Of course, trading precious metals is a good way to diversify, especially if you are trading stocks or currencies. Perhaps its biggest advantage is the profit potential it offers to traders at any level of experience.
Gold, silver, platinum, palladium. Each has its own advantages. Obviously gold is the most popular, as is its twin, silver. The latter often performs even better, thanks to its dual nature as a store of value and industrial metal. Platinum is not in the same class as gold and silver for investments, but it can be a good choice for traders, especially when we are witnessing the birth of a trend. Finally, there is palladium, which follows platinum prices so closely that it allows traders to choose between the two indifferently.
Quite simply, supply and demand. Often novice traders only consider the demand aspects in this equation, exposing themselves to unexpected price movements when supplies are suddenly interrupted or increased. In the case of silver, platinum, and palladium, the changes in industrial demand that will affect the price are also interesting. Any novelty in automobile manufacturing is likely to see all three of these industrial precious metals drastically change in price.
Go to AvaTrade’s Official Website
Please click "Introduction of AvaTrade", if you want to know the details and the company information of AvaTrade.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!