Gold has long been a coveted asset in the trading world. Historically, trading in gold meant dealing directly with physical forms like minted coins, bars, or jewelry. But now, advancements in technology have revolutionized this process. It's similar to trading stocks; you can buy and sell without ever handling the metal. eToro's platform has made gold trading accessible and efficient. For a comprehensive guide, including some personal insights I've gained through experience, keep reading.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
On eToro, when you trade gold, you're engaging in CFD (Contract for Difference) trading. This means you're not actually buying physical gold. Instead, you're speculating on its market price movements. I find CFD trading appealing because it allows for speculative trading without the need to physically own the commodity. Crypto CFDs/ Leverage trading is restricted for users under FCA.
Do take note that this commodity is not available for trading all day so you need to know what are the trading hours for gold on eToro. And if in case the market is closed, you have the option to place your orders in advance. This is what is known as "after hours" trading. You're basically placing an investment in advance and this will be executed once the markets open.
Having traded this commodity on the platform multiple times, I've identified several key advantages:
When you visit the Gold asset page, the Overview section greets you by default. Here, several key elements are presented:
The platform offers several integrated tools that enhance the trading experience:
So how do I trade gold on eToro? Via the platform (app or website), search for the asset, select "BUY" or "SELL," enter your investment amount, set your trade preferences, and execute the trade. That's how simple it is.
This guide covers the essentials for trading gold with this broker, whether through the web platform or mobile app. Remember to apply these tips wisely in your eToro trading journey.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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