High Risk Investment Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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BUZZFX TOP THREE GOLD TRADERS RECEIVE GOLD BAR GIFTS EVERY MONTH!
|TOP TRADER||THREE OUNCES GOLD BARS||MONTHLY|
|SECOND TO TOP||TWO OUNCES GOLD BARS||MONTHLY|
|THIRD TO TOP||ONE OUNCE GOLD BAR||MONTHLY|
Gold tends to give great opportunities for trading profits more frequently than Forex currency pairs. Traders with only a few hundred or thousand dollars can trade Gold online using BuzzFX MT5 platform with favored trading conditions, gold trading is best achieved by applying technical analysis methods, supported by fundamental analysis.
Gold is priced mostly in U.S. Dollars, but until 1976, the value of the U.S. Dollar was based fully or partially upon the value of Gold: the U.S. Dollar was pegged to Gold.
This means that Gold trading as we know it has only really been going since 1976. Many traders get emotional about Gold.
It is a natural human emotion to get excited about this shiny and very expensive precious metal which we are used to seeing in expensive jewelry, but traders should view Gold just as a commodity like any other.
Traders must think about the price fluctuations, not the asset itself, to make good trading decisions.
Reasons to Trade Gold
The best reason to trade Gold is that its price tends to fluctuate with greater volatility and force than traditional Forex currency pairs such as EUR/USD.
The price of Gold has sometimes risen by 100% within only a few months.
Even though the cost of trading Gold in terms of spread and commission is proportionately greater than it is in Forex pairs, this movement tends to make it more rewarding in terms of profit.
**BuzzFx offers the best trading conditions for gold in the market today along with unlimited supply of liquidity derived from the largest financial partners in the market.