Which is the best app/platform for 'Metal' (Gold and Silver) trading?

Trade Gold (XAUUSD) with FXPrimus

The Gold market is subject to speculation since it is an exchangeable instrument in the foreign exchange market, you can treat it as such. Popularity in trading XAUUSD has increased tremendously over the years and especially after the financial crisis of 2008 due to its low correlation with other commodities and its price compared to other currencies.

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How should you trade metals online?

Gold behaves more like a currency pair than a commodity. XAUUSD is the most traded metal that is used as a hedge or safe heaven alternative during economic and political turmoil.

Many veteran investors have a balanced portfolio of metals that are generally considered a hedge against inflation. Metals such as gold and silver are sometimes treated as safe haven assets because of their rarity, that is, their value is preserved by their limited supply.

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The Most Actively Traded Metals – Gold

Gold is the most popular trade in metals due to its inherent features such as durability, malleability and conductivity and its wide range of uses as gems . Like most commodities, the price of gold is determined by supply and demand market factors. Precious metals are affected by risk attitudes, market uncertainty and inflationary trends.

Specifically, investors will seek precious metals as a safe haven when the global economy is about to collapse. It includes situations like war, political crisis, recession, and government debt problems. After all, stocks and currencies are vulnerable to losses in such cases, and gold is likely to retain its value due to its rarity.

As a result, gold is often traded to long-term investors looking for signs of bear or bull markets. Trends and reversals are determined in conjunction with the stock index, as rising stock markets usually indicate that demand for gold is weakening due to a turnaround in economic trends. The bear market, on the other hand, reflects weaker fundamentals and guides traders to secure their portfolio by holding gold.

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Trade also Silver and other metals

Silver, on the other hand, is considered second to gold, but it has its own advantages. In particular, silver is used as an industrial metal because it is sensitive to economic conditions and corporate trading activities. This makes short-term traders a strong candidate, as prices in the silver market are usually more volatile than in the gold market .

Platinum is also one of the metals that tends to gain value during economic, financial and political crises. However, because it is rare compared to gold, it is more expensive and rarely traded. However , it may be offered as a powerful safe haven instead, especially if the price of gold has risen too high. Platinum is used in certain industries and has some similarities to silver in that its price is sensitive to cyclical conditions.

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It’s all online and simple

You don’t have to worry about where you store your gold, as you don’t actually have to hand over the goods to buy or sell these precious metals . This is called over-the-counter transaction (OTC) and there are associated risks. If you do not have a solid risk management plan, you may lose all the money you put into your trading account. This is why it is important to use risk management tools like stop loss rates or deal Cancellation. These tools do not prevent losses in trading, but may protect your account balances.

Another feature of metal trading is that it provides inflationary security that other financial assets do not offer, even though metal prices are sensitive to currency fluctuations. To take these into account, FXPrimus offers precious metal trading to all currencies such as US Dollars, Japanese Yen, Euros, Australian Dollars, British Pounds, Canadian Dollars and more. Physical copper , palladium and platinum are also included on the platform.

Invest in Metals with FXPRIMUS