Trade in gold is a very profitable business if they shred the trader understand the market and the nature of the fluctuations in the price of gold, here let you know how to trade in gold and check some of the profits from this trade.
The dream of trading in gold is a dream for many individuals, it is always known that the gold of the best resources that can be owned by one, and that trading in gold, it means an opportunity to realize a gain and profit is very large, you just have to know that in order to trade in gold, the gold trade like any other trade, has its own rules, and you should know before you start, you can succeed where so, if those rules did well aware, there is no progress on the trade, so in this article we are trying to answer the question how to trade in gold in different forms of trade.
How to trade in gold?
1. Date of Gold
In order to trade in gold you need to know some facts about the history, even understand what sets it apart from other metals, gold metal is very expensive, featuring yellow and brilliance, turquoise, and was used in the past and the way of cash between different civilizations and peoples, as well as used in the jewelery industry.
Featuring gold that is not affected by external factors such as water, air, making it retains Blamaanh, without any happen to him any rust or corrosion.
Gold over several historical stages, where the base for gold to regulate trading in it appeared, you would want to trade in gold it would be in a certain frame, but the system did not continue where after the First World War has been a breakdown in most of the countries economy.
It was also the work of two agreements to regulate matters of gold after the effects of World War II, the first of the Bretton Woods agreement in 1944, and the second Smituthian agreement, which came after the first failure, and sought the parties to organize the process of trading in gold in a stronger frame and rules more specific, but this agreement also did not hold up .
2 – What are the factors that influence the rise or fall of gold prices?
Important things if you want to trade in gold to know the factors that affect the gold, either rising or falling price, and these factors are as follows:
Group I: the US dollar there is a strong inverse relationship between the US dollar and the gold, when the US dollar rises, this means decrease the value of gold, and vice versa.
Group II: jewelery demand, especially from Asian and Chinese markets, particularly in Asia, we find that China and India are both countries that buy more gold in the jewelry market and ornaments.
Group III: the central bank if you want to trade in gold you need to know more about the central bank’s policy, and acts by, when the central bank cut interest rates, resort Almstmtheron to buy gold, and vice versa.
Group IV: oil prices as well as the you are seeking to be traded in the gold you have to be fully aware of the price of oil. The relationship between oil and gold correlate very document, when rising one price leads to a rise in the other price, and vice versa in the case of decline.
Group V: political turmoil, if you wish to trade in gold you should always monitor the political situation and the turmoil occurring in the world, and is considered investors that gold is a refuge they may be based in the state of political turmoil. Of course, these five factors have a significant impact on trading in gold process, and its impact relative is something that needs to be smarter than the investor in the deal, in order to trade in gold Well use your mind for success, and now we can begin to talk about the process of trading in gold different kinds of alloys and slabs and currencies .
3 – How can you trade in gold correctly?
We all realize that trading in gold may carry multiple gains for you, but they also involve adventure and there are many things that make you and you trade in gold in a state of extreme fear, examples of these things:
1. How do you store the gold?
2. ways of buying and selling gold.
3. Gold prices and the fear of ascent or descent.
4. What is the proper time to sell?
5. What right price to buy?
6. What right price to sell?
All these fears can be dealt with while you learn how you can trade in gold properly, you can determine for yourself the appropriate deadlines for purchase or sale, and this is continuing, always through the constant on a new price in the world of gold.
4 – gold bullion trade
you can trade in gold through gold bullion, these alloys are present in various sizes, including what is This fits small investors, there are alloys up to 400 ounces or a kilogram of this type fits most big investors and banks , preferably ingot be one piece, as a Realtor who will make it easier for you it will receive a share of each piece, the more the number of segments, increased its share, and thus less chance of profit, and once you buy a gold ingot you have to wait until the rising price then complete the sales process and achieve the profit you want.
You can get gold bullion in order to trade in gold in two ways:
First: through an authorized agent or a company or a bank and characterized by three features of this method are as follows:
1. warranty that the alloy that I bought was obtained from the Gold Exchange.
2. provide a place to keep Basbakh if you like it in the company or in the bank.
3. You can keep Basbakh, and even sent to you in the place you want, a condition that ensures shipping expenses.
The second purchase of gold traders
There are shops and individuals to trade in gold, you are also in order to trade in gold you can buy them what they want directly without the need for an agent.
5 trade gold coins
There are many types of gold coins, there are coins of pure gold where there is not in any inscriptions or signs, there is another kind of be a mixture of copper by only 8% in low allowing them. If you want to trade in gold through gold coins, you’ll know that this type of trade in gold fits collectors gold coins in particular, because the cost of getting them are very expensive.
What are the means by which you can get gold coins?
1. companies and locations of trading currencies and gold also traded sell gold and stock markets.
2. Currency traders, many of whom looks for historical gold coins, and here you should know that this method include a great danger, and we must be absolutely confident in the merchant before they are dealing with.
3 large gold shop.
If you are intending to trade in gold through gold coins, these are the ways that you can follow to get on the currency, it may be considered are also places selling resort.
6 What are the advantages and disadvantages of trading in gold?
Of course, the gold trade like any other business, there are many advantages, as well as many of the flaws, and you if you want to trade in gold, you have to know these things so that you can take the right decision, if you will trade or not.
7 advantages of trading in gold
1. Trade safety of gold as the gold is not a commodity bought and sold anywhere, as well as its effectiveness, because the whole world is trading in gold.
2. capital guarantee on a permanent basis, as long as the alloys have existed, this means that the capital is present with you at any time.
3. The effective profit, where you are when you trade in gold’m not forced to sell at a given moment, and therefore you may also want to wait until the price of gold rises, and when it reaches the price you bargained for, then you can be a sale.
4. The validity of the product is always, as we talked that what distinguishes the gold is that it is not affected by external factors and therefore always remains on the brilliance and validity at any time, and you can keep it without feeling scared.
5. When you trade in gold by yourself, you are the master of the resolution and management of gold as you like, so you can determine the right time to buy or sell as you wish.
6. You can easily prove that you own, whether you are a seller or a buyer, because the product tangible product. – Ads.
8 disadvantages of trading in gold
1. The sale or purchase with respect to trading in gold slow, and you are always obliged to wait for global markets, both in order to at least the price of gold, you can purchase, or to increase the price you can sell.
2. Since the gold trade in global trade, while you want to trade in gold would be required of you can look at different markets, so you can find the right price to buy or sell.
3. Find multiple dealers even have different sources you can turn to in the sale or purchase, when you trade in gold always need a multiplicity of traders to be able to know what is happening in prices is renewed.
4. Although the sale or purchase with respect to the gold trade is slow, but the price in the market to change at any moment depending on the factors that influence it could, of course, any sudden increase or decrease will affect you negatively, both in the purchase or sale .
5. difficult to complete the storage process, due to be ware of gold subject always to steal, then you while trading in gold if you decide to keep it at home, it may be vulnerable to theft, and therefore resort to store it in a company or bank, or even attend a safe eunuch to save it, that’s what cost you big money and risk.
6. profit in the long term, and in spite of the fact that the gold trade is very profitable, it only takes a long time, and therefore you can not achieve a daily profit or in the near term, but you’ll wait.
So now that you know the proper ways in order to trade in gold depending on the species, and also what are the advantages and disadvantages of trading in gold, you can take the appropriate decision, if you will steer clear on the subject because it involves difficulties and risks, or if you choose to complete the road and that the trades in gold form in which it estimated.
The you will complete in the way and begin to trade in gold you should always diligence and commitment to safety means, as well as to be patient in order not to find yourself a loser at any moment, and in the end, trading in gold profession need to always reason and common sense and patience, you will have these things and it has the capacity and the ability to trade, start from now.