Compare Spreads for Trading Gold

By mosesbet · Filed Under Uncategorized Comments Off on Compare Spreads for Trading Gold 

Gold

The last few years have seen the price of gold go through the roof.  As is always the case in time of recession, the uncertainanty of the current economical climate means that spread bettors will see a great deal of opportunities to speculate on the price fluctuation, as buyers and sellers battle it out with each other. Gold has always been regarded as a hedge against inflation, but as inflation is coming down but the recession is lingering on, who knows which way the price of gold will go.

Number One Company For Trading Gold

When it comes to the best broker for trading Gold, it is simply a case of taking your pick from any one of the top companies. They all offer either a 0.4 or 0.5 points spread, so it’s a good idea to look at other aspects of the service that they offer.

One financial spread betting company who have come on leaps and bounds over the past couple of years are Capital Spreads.  You can’t go far wrong by choosing them as your broker to trade Gold or any other market for that matter.

Every aspect of this broker has improved, from the stability of the trading platform to the trading tools that they provide, add a competitive spread of 0.4 points for trading gold to the mix and you are presented with a winning combination.

Compare Spreads or Trading Gold

Igindex.co.uk – 0.5 points

CapitalSpreads.co.uk – 0.4 points

CityIndex.co.uk – 0.4 points

WorldSpreads.co.uk – 0.4  points

Etxcapital.co.uk – 0.5 points

Tips For Trading Gold

Before spread betting came along, the only way to speculate on the price of gold was to actually buy it, as you can probably imagine this would immediately price many people out of the market. But with spread betting and the leverage that goes with it, it is now possible for anyone with a spread betting account to profit from the fluctuations in the price of gold.

It should be remembered that when trading gold, you really do need to think ahead, the news that you see in the national press or the television news which announces that the gold price is about to increase or decrease will have already been factored in so you need to have your finger on the pulse so to speak and be aware of anything that will effect the price before the masses get to hear about it.

According to the spread betting brokers, trading on gold is where many of their clients achieve most of their success so it is advisable to take the hint and take a look if you haven’t already. IG Index and Capital Spreads have some really informative training materials which are well worth further investigation.

As with any form of financial spread betting, it is highly recommended to start off with small stakes and a guaranteed stop loss. One thing that can sometimes cause confusion for the newcomer is the fact that the gold price is quoted in US dollars but the spread bets are made in UK sterling. This is one of those aspects of trading which can initially be slightly confusing, but is something that soon becomes easily understood.

Finally, one fact about spread betting on gold that you may not be aware of and that is that the G in that originator of financial spread betting, IG Index, stands for gold, as that was the first product that IG offered when they started up way back in 1974!

 

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