Trading Spot Metals is considered to be safe and reliable because their values remain unaffected by the outer economic situation.
The pricing mechanism of spot metal market is easier to follow as compared to the one used for the foreign exchange market.
Trading spot metals allows traders to receive constant quotes, all thanks to the evolution of the internet and live data.
To trade spot metals, you need certain investment vehicles to generate exposure to their actual prices. This can easily be done without physical bars or coins.
Spot metal trading is exchanging precious metals like Gold (XAU) or Silver (XAG) spot prices for major currencies. For example, trading XAUEUR (gold against euro).
Start TradingSYMBOL | FULL NAME | CONTRACT SIZE | TICK SIZE | SWAP LONG (POINTS) | SWAP SHORT (POINTS) |
---|---|---|---|---|---|
XAUUSD | Gold vs US Dollar / Spot | 100 | 0.01 | -7 | -4 |
XAUEUR | Gold vs Euro / Spot | 100 | 0.01 | -5 | -5 |
XAUGBP | Gold vs Great Britain Pound / Spot | 100 | 0.01 | -3 | -1 |
XAGCHF | Silver vs Swiss Franc / Spot | 5000 | 0.001 | -1 | -1 |
XAUAUD | Gold vs Australian Dollar / Spot | 100 | 0.01 | -9 | -5 |
XAUCHF | Gold vs Swiss Franc / Spot | 100 | 0.01 | -1 | -7 |