Gold's record-breaking high an opportunity for online gold trading

As the price of gold rose to a 30-year high of $1

,294.95 an ounce, the Forex trading community has in their disposal one of the easiest means out there for dealing in the hot commodity.

With a platform from Tradeview Forex, traders can speculate in gold, silver, oil, and also all the major currencies. Online gold trading through Tradeview Forex is as easy as opening an account with as little as a few hundred dollars. The more cautious can learn about trading gold without using real money by signing up for a Tradeview Forex Practice Account.

Gold shot up in value this week after the US Federal Reserve indicated it was planning to inject a flow of new money into the US economy. This increased online gold trading activity and investment in the precious metal on other markets this week.

The metal, traditionally sought after during times of economic downturns or instability, is considered a form of currency in the Forex market. The practice of online gold trading is the same as other currencies, so Forex traders can buy and sell gold like they would any other currency.

The resurgent interest in gold presents an opportunity for online gold traders in a number of ways. For one, there is more buying power. The 100:1 leverage offered through Tradeview Forex means there is the potential to increase profits by using a smaller amount of money. In other words, with 100:1 leverage, a Forex account of $1,000 can trade in up to $100,000 worth of gold.

Another reason is its availability. Forex traders can trade in gold and other currencies 24 hours a day during the weekdays. Online gold trading on the Forex market gives traders a bigger time frame, compared to traditional stock exchange markets.

Another advantage of online gold trading is that you can trade for gold or against it. So if you think the price of gold will go down rather than up, you can short gold.

To learn more about online gold trading, try a free demo account from Tradeview Forex and find out if this may be a golden opportunity.

Gold's record-breaking high an opportunity for online gold trading

By: george kasper

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