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Still not trading gold? In today’s markets it is possible to make profits from gold without having to physically own the metal. Gold is based on opening a temporary order to buy or sell an exact amount of gold. The profit or loss is determined by the change in the price of gold during the contract duration.
At Tigerwit Africa you can trade gold online, easily and effortlessly. Try gold trading with the leading regulated broker and enjoy the following benefits:
• Trade gold with competitive spreads
• Leverage of up to 400:1
• Trade on our blockchain backed platform
• Trade whichever way you think the market will go – long or short
• Trade anytime with our unique app
• Get 24/5 live client support
Gold Trading History
Since prehistoric times gold was one of the first metals to be mined, mainly because of the form in which it was found, being nuggets or small pieces at the bottom of a river. It became so high in demand that Egyptians started mining it in 2000 BC. Throughout history many civilizations chose gold as a reliable and universal form of money for goods and services.
The gold standard, the monetary system for which the economic currency used is backed up by the gold reserves of the issuing country. It came to exist, due to the recognition of gold as an actual currency. It was abandoned by the United Kingdom and the whole British Empire when World War I began. Most of the other countries also abandoned it during the 20th century.
How to trade gold
Download the app from the playstore/appstore
Open a trading account at Tigerwit Africa
Fund your account to have a sufficient trading amount
Choose the desired position size
Select desired leverage
Open a Long (buy) or according to your analysis
Different forms of gold available to traders and investors:
Physical metal (bullions or coins) – A bullion is a grouping or bulk of precious metal. Measured in the form of a bar and weight.
Gold certificates – These are very similar to the first paper bank notes. Started in the 17th century, these gold certificates acted as proof of gold ownership, and were passed like cash payments. Today they are still issued by certain banks, and represent a quantity of gold bullion or coins for its owner.
Gold futures – Is a contract agreement for the delivery of gold in the future at a set price. Investors use this to manage the price risk. Since gold futures contracts are traded at centralized exchanges, these contacts offer more leverage and flexibility than trading commodities themselves.
Gold-based ETFs – With the idea that gold continues to offer good returns, the ETF’s – , are managed by gold trading experts. They can potentially give you a better chance to earn more, than if you were to trade it on your own. Keep in mind the price of gold still will continue to affect the ETF.
Contracts for difference – suitable for traders but not investors, this derivative allows to profit from the changes in gold price during the contract duration, without either a right or obligation to purchase the actual underlying asset. Nature of CFDs allows shorting gold and trading it on a margin.
MT4 Symbol – GOLD, XAUUSD
Exchange – NYMEX
Trading Hours – 23:00 – 21:59
Minimum Trade Size: 1 ounce
Why Trade Gold with Tigerwit Africa
You can join Tigerwit Africa today for as little as $50 ($200 for copy trading) and start gold and other precious metals. We pride ourselves in the first regulated and trusted blockchain backed broker for the past 4 years and are here to help you along the way.
You will get access to a range of educational tools, trading advantages and benefits that are exclusive to Tigerwit Africa clients. We offer a range of trading platforms suitable for all level traders including MT4 and our powerful mobile. You are guaranteed to find the trading environment that suits your style.
Get started in gold trading with Tigerwit Africa and enjoy the benefits of trading with a regulated, award-winning broker!
Here are a few tips for trading gold:
Gold is compared to the yen since both assets fall into the category of a “safe haven instrument”, they tend to move in the same direction. Often, you can check your trade set ups by comparing the two.
Focus on the price action and keep in mind that commodities can move more than currencies.
The most popular Gold exchange rate is the XAU to USD rate. XAU is the trading terminal’s code for gold.
Are you ready to start trading gold today? Start trading the gold market with Tigerwit Africa and enjoy the benefits of trading with a regulated, award-winning broker! Need more info? Just call Tigerwit on 09093790608 to find out more Or SMS/Whatsapp YES to 09093790608 and they’d give you a call back on how to register a live account and attend their training.