International gold spot is also called London gold. London gold is not the name of a kind of gold, but the name of a gold trading method. It is a trading product provided by the London International Financial Futures Exchange. It is a 99.5% pure 400-ounce gold brick stored in the underground vault of the City of London. It is named after it originated in London.
Introduction to London Gold Trading
(1) Trading unit. The minimum trading volume of London gold is 0.1 lots/piece/order, 0.1 lots/100 US dollars, 0.1 lots equals 10 ounces, and the initial capital requirements are low.
(2) Margin trading. You can make large transactions with only a small deposit. The amount of funds amplified is approximately 100 times. It is an opportunity for small and medium investors.
(3)T+0 transaction. You can trade on the day you open an account, and you can trade multiple times a day.
(4) Two-way transaction. You can buy both up and down. You can either buy first or sell first. Therefore, no matter how the gold price moves, investors always have room to make profits
(5) The market is convenient. With a daily trading volume of 20 trillion U.S. dollars, buy and sell immediately, and there is no question of whether anyone will take the order. Don’t worry about not being able to buy it, and don’t worry about not being able to sell it.
(6) In gold trading, you can set your own safety line, that is, you can set your own stop-loss point and stop-profit point when placing an order. Therefore, in actual operation, the risk of gold trading can be reduced to less than a daily decline of 10%. That is, it is less than the maximum daily decline of the stock. At the same time, since there is no daily limit for gold trading, the daily increase rate of gold trading can be greater than 10%. It is not uncommon for daily gains to reach 100%.
(7) Also known as the largest stock. The whole world is speculating on this kind of gold, and the trading volume of gold is huge, with the daily trading volume being about 20 trillion US dollars. Therefore, no consortium or institution can artificially control such a huge market, and it depends entirely on the market's spontaneous regulation. There are no bookmakers in the gold market. The market is standardized, self-discipline is strong, and regulations are sound.
(8) Trading hours. Trading 24 hours a day. Asian trading hours are from 9 am to 4 pm, European trading hours are from 4 pm to 8:30 pm, and American trading hours are from 8:30 pm to 2:30 am the next morning. Generally speaking, the most active time for gold trading is the American market, which is roughly between 8 pm and 1 am the next morning.
(9) There is no bull market or bear market in the gold market. Regardless of whether the price of gold rises or falls, it is an opportunity for investors. The gold market is all about market conditions. The market trend is the daily gap or volatility of the market. That is, the difference between the highest price and the lowest price of the market. If there is a price difference, there will be market conditions. The larger the price difference, the better the market conditions will be. Specifically: when the price difference is less than 0.4%, the market is worse. When it reaches 1%, the market is already good, and when it reaches 2%, it is quite good. It has now reached 3%, so it is a great time to invest in gold.