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Profit from Gold & Silver with ForexYard
Precious Metals Available: Positions Mirror Price of Gold and Silver
Additional Info: Up to $1000 Cashback; FX & Oil Trading Also Available; Leverage Possible
Go to ForexYard website >
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Gold & Silver at FOREXYARD
With FOREXYARDThe price of gold and silver are quoted per ounce and the dealing spreads are low: Gold $1 and silver 6 cents or so. There are no extra fees or commissions paid to trade gold or silver.
Gold & Silver Contract Sizes
On the FOREXYARDThe trading platform provides sophisticated order entry and tracking of market orders, entry orders, stop/limit entry orders, stop-loss orders and trailing-stops orders. All of the above orders are Good Until Cancelled (GTC), which is valid until the order is executed or cancelled.
Gold & Silver Position Sizes
The minimum position size for both gold and silver is 2.5% of the contract amount, meaning that for gold the minimum amount you must invest is currently $2,625 (2.5% x $105,000 per above), and silver is currently $425 (2.5% x $17,000 per above). Of course, these amounts will fluctuate daily with market prices.This effectively gives you the ability to leverage your positions by a magnitude of 40:1. Since today’s financial markets carry a high level of volatility WhichWayGold never recommends the use of leverage for unsophisticated investors as it is very easy to get whipsawed out of positions following small movements in the price of precious metals.
FOREXYARD
There is also an important safety feature embedded in this system that prevents clients from losing more money than they have in the account. Should the account equity - meaning the total floating value of the account - fall below the margin requirement of approximately 20% of the used margin, the dealing desk will close all positions. This protects the trader from losing more than the funds deposited into the trading account.
Free Market Analysis
The FOREXYARD24-hour Trader Support
The services offered by FOREXYARDClick here to go to the FOREXYard website >
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Profit from Gold & Silver with ForexYard
ForexYard offers an alternative to conventional dealing in gold and silver through their secure online trading platform26 October 2009 | Learn More | Add to Favourites
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