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Nations around the world embraced gold and silver as a store of wealth and a medium of international exchange. Individuals have sought to possess precious metals as insurance against the day-to-day uncertainties of paper money. Gold, silver, platinum and palladium constitute the majority of trading in precious metals.
Trading in precious metal futures market or spot market in a speculative manner provides an important alternative to traditional means of investing in precious metals such as gold bullion, coins, and mining stocks, and where substantial profits, as well as losses can be made. Trading contracts in precious metals also provide valuable trading tools for commercial producers and the users of these metals
Precious metals are traded on the futures and spot markets in contracts (a contract of gold is 100oz while a contract of silver is 5000oz). On the spot market, precious metals are usually bought or sold based on a value date of 48 hours which can be rolled over on a daily basis thereafter. Trading on the futures market is done by buying or selling precious metal for a specific settlement date in the future. For example July Gold, can be bought in March for July settlement.Trade with JMI Brokers now the most traded, liquid and easily understood precious metals products on earth: Gold and Silver.We offer our clients very tight spread on spot gold and silver with uninterrupted live pricing on our platform JMI Brokers Trading as well as trading precious metals futures with market spreads.
Benefits of trading with Precious Metals:
Profit from all market movements - With forex, the market is continuously moving, so there are always trading opportunities, whether a currency
is strengthening or weakening in relation to another currency. Thus, a trader has the ability to profit on both short and long trading strategies.
A client believes that the EUR is due to rise in the future against US dollar, to get benefit of the situation the client intends to buy EURUSD. EURUSD is quoted at 1.3740 - 1.3743, the client buys 2 lots at 1.3743, the client requires minimum deposit of 1000 $ for each lot.EURUSD prices rise to 1.3810 - 1.3813, the client is satisfied with his profit and wants to close his positions, he therefore sells 2 lots of EURUSD at 1.3810, so the client has made profit of 67 points (1.3810 - 1.3743 = 0.0067) . To calculate the profit we will do the following:
*Commission charges are NOT included in the above calculations
A client believes that the JPY will weaken in the future against US dollar, to get benefit of the situation the client intends to buy USDJPY. (Buying USD & selling JPY) USDJPY is quoted at 112.50- 112.53, the client buys 4 lots at 112.53, the client requires minimum deposit of 1000 $ for each lot.USDJPY prices rise to 112.95- 112.98, the client is satisfied with his profit and wants to close his positions, he therefore sells 4 lots of USDJPY at 112.95, so the client has made profit of 42 points (112.95 - 112.53 = 0.42). To calculate the profit we will do the following:*Commission charges are NOT included in the above calculations
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