List of All Forex Currency Pairs According to Major

List of All Forex Currency Pairs According to Major Exotic and Precious Metals, Maybe you have given a gold ring to your friend as a token of your true love? Gold has been the most precious metal from the dawn of civilization. It is still considered to be the greatest currency and the ultimate store of value in times of political uncertainty. The past 10 years, the gold market is in a secular uptrend with the location prices having recently breached the historical barrier of $1,200 per troy ounce. After that there clearly was a retracement and the values did drop to around $1,100 per ounce but this uptrend is expected to a3trading keep for sometime.

In the last decade, many investors turned towards forex after the historic crash in the stock market.

Many small investors lost a lot more than 60-70% of the saving accounts in the stock market crash.

Now, forex is a great money making opportunity. It will be stated that forex trading is likely to make many millionaires in this decade.

Many individuals don't know this as possible trade gold on forex too. Many forex broker platforms that you use to trade forex, allow trading of gold and silver contrary to the US Dollar (USD) from the same platform. Both these precious metals have high demand in the industrial sector and whilst the global economy recovers from the recession, the values of gold and silver are likely to skyrockets as industrial production accumulates and consumers start buying again. Once you trade a currency pair, you go long on a single currency and short on the other. Put simply, you only buy one and sell the other.

In the event of spot gold trading on forex, you trade one ounce of gold in the location market contrary to the US Dollar (USD). So exactly like once you trade a currency pair, when you trade gold on forex, you are taking either a lengthy or even a short position in gold against USD. There are numerous currency pairs that you could trade just like the GBPUSD, EURUSD, UADUSD, NZDUSD, JPYUSD. Spot trading gold on forex is almost similar with gold replacing one currency in the pair and one other currency is definitely USD. So, in spot gold trading on forex, you are trading one troy ounce of gold against USD. Interestingly the symbol for this really is also XAUUSD with XAU representing one ounce of gold. Now, suppose the cost quote in the location market is 1100 XAUUSD. What this implies is that one troy ounce of gold in the location market right now is corresponding to $1,100 USD. The same as any financial market, the cost quote in the gold spot market has got a bid/ask spread.

So if the price quote is 1110/1115, this means as you are able to sell one troy ounce of gold in the spot market for $1,110 and buy one troy ounce of gold at $1,115 meaning you will have to pay a spread of $5 per troy ounce when trading in gold in the location market.Spot gold trading on forex is a fast paced market and the spread keeps on changing throughout the day.

Now a regular lot in currency trading is equal to $100,000. But in the event of gold on forex, a regular lot is corresponding to 10 troy ounces of gold. So, if you find the purchase price quote to be 1112/1117 and you're thinking about going long. For the reason that case you must buy 1 lot of gold that is corresponding to $11,170. Spot gold market is just a fast moving market and the purchase price quotes carry on changing. So, suppose right after 60 minutes, you find the quote to be 1120/1126. You see a gain and decide to have out selling at $11,200 making a gain of $30. Now if you had used leverage, you would have needed a lower initial investment to create a profit of $30 in only 60 minutes.