Alfa-Forex provides those who do not want to put up with constant financial turbulence with access to the four types of metals: gold, silver, platinum, and palladium.
However, trade strategies for these precious metals have certain differences. For example, dynamics of gold and silver prices may be affected by different financial shocks. Gold prices frequently shoot up amid news of eventual economic crisis. It makes sense since investors traditionally buy gold to maintain their capital.
On the other hand, platinum and palladium are widely used in the industry, which is why production growth is always connected with rising demand for these metals. At the same time, price fluctuations for these assets on average are slightly higher than for gold or silver.
Example of a gold trade transaction
In October 2012, gold quotes completed the 11-year growth cycle. The price of a troy ounce after reaching a historic high of $ 1,920.60 for a long period of time fluctuated at $ 1,520.
The reason for the sale of gold contracts were the signals of the US monetary authorities regarding the completion of the program to stimulate the economy, which started in the crisis of 2008-2009. As a result, the global uptrend in gold was completed by a sharp drop in quotations to $ 1,220 within 4 months. The current situation on the market was beneficial to short-term players who earned $ 48,000 on sales of one standard lot (100 troy ounces).
Your capital is at risk. Please trade wisely.
In October 2012 investors would potentially make the profit of $48,000 within 4 months. By buying gold at the price of ₽1,254.46/gram and selling it at the price of ₽2,727.75/gram
*Leverage whilst increasing the possible profit, also increases the risks involved as well as the potential losses.
Your benefits of trading with Alfa-Forex
- Diversity. 4 types of precious metals available for trading
- Instant execution of trading orders
- Advanced technology. MetaTrader4 and MetaTrader5 platforms for trading on your smartphone
- No fees on deposits and withdrawals through internet bank Alfa-Click
- Safety. European regulation by CySEC
- Mobile platforms for trading using your smartphone
How to become a client
- Open a trading account
- Make a deposit into your account in a convenient way
- Download a trading terminal
- Start tradingin the Forex market
OnsaFX, a regulated, global & zero-commission broker, is strengthening its presence in Africa by preparing to enter the Ghanaian market.