ANG Markets enables you to place Market, Limit and Stop loss orders upon trade with valuable metals for more effective control on the positions occupied. As by the currency trade, the valuable metals allow quick and easy opening of long and short positions.
Example: Purchase of Spot Gold
The trade with spot gold is carried out exclusively easy: all deals are free of commission, with very narrow spreads.
Opening of position
You expect the price of the gold to increase. The price quoted in the iTrader platform is 615.10/615.70 and you decide to purchase 10 lots at the price of 615.70 (one lot equals one ounce gold). No commission is due upon spot trade with valuable metals.
You are buying $10 oz XAUUSD
Volume of the deal 10 x 615.70 = $6157
Necessary initial margin $6159 x 1% = $61.59
Closing of position
A few days later the price of the gold has increased; the quotation in the iTrader platform is 622.30/622.90. You decide to collect your profit and sell 10 lots at the price of $622.30. The profit realized from the position is calculated, as follows:
Price upon closing $622.30
Price upon opening $615.70
Profit $6.60 x 10 = $66
Start Trading Silver with ANG MARKETS
Take advantage of those unique qualities with a world leader in online silver spot trading. ANG MARKETS provides you with full support and all the tools you need to make wise decisions concerning silver.
Via our state-of-the-art trading platform, you can trade silver as well as gold and other commodities and track your position in the easiest way.