Why trade Gold?
Investments in gold and other precious metals can be an important part of a diversified long-term investment portfolio.
The timeless appeal of gold and precious metals has created a safe haven and can make investing in gold a useful risk management tool. Precious metals have an intrinsic value with their price generally inversely related to the value of the US Dollar.
Gold can store its value in real terms amidst volatile economic weather and provide a hedge against rising costs of living. Investing in precious metals can help traders hedge against market volatility.
HotForex offers gold trading with low transaction costs and flexible leverage. Open a live trading account and start trading gold.
What moves the Gold prices?
Factors that can drive the global gold trading price are varied and include:
- Supply and Demand: The price of gold is heavily impacted by the supply and demand in the market as high demand and low supply will drive up trading prices.
- Strength of the US Dollar: Gold prices are inversely correlated to the US Dollar prices. An under-performing dollar often causes demand to rise.
- Economic Data: Key economic indicators like GDP variances and the number of available jobs can drive the price up or down accordingly.
- Inflation: Gold is a hedging tool against inflation.
- Industrial demand: Technology and industrial uses for gold, such as the demand for jewelry and electronics, can make the price of precious metals rise.
Advantage of trading Gold with HotForex
HotForex, a brand name of HF Markets Group, is an internationally acclaimed multi-asset broker of choice to over 2.5 million live accounts worldwide that has earned over 55 coveted industry awards in its ten-year history. Individuals trading Gold with the company enjoy outstanding customer service and unparalleled trading conditions including:
- Flexible Leverage
- Low spreads
- No hidden fees
- Convenient trading hours
- Go long or short on gold prices
- Risk management tools
- Trading on MT4 and MT5 trading platforms
Countries eligible for trading Gold with HotForex
Multi-regulated and licensed (FSC, FCA, CySEC, DFSA, FSCA, FSA, CMA), the Group boasts a global presence in over 180 countries, offering Gold trading to an extensive list of eligible countries worldwide. The strict regulatory frame within which the company operates along with the advanced security measures taken, ensure adequate levels of safety for client funds and a safe and secure trading environment for its clients.
Benefits of Forex and commodities trading with HotForex
HotForex is continuously establishing its position as a market leader, a fact affirmed by the seamless trading experience offered to its clients which include amongst others:
- Client support in 27+ languages
- Top fund security measures
- Multiple account types
- Bonus offerings
- Copy Trading
- Convenient platform options
- Innovative HF App for traders on the go
- Award-winning partnership program
- Wide range of free educational resources
When to trade Gold
The below table sets out the trading hours that Gold is available to be traded on the HotForex platforms. Although Gold, like the rest of the forex market, is tradable 24/7, the best time to trade gold tends to be the most active trading hours, which is the London trading session (08:00-18:00 GMT).
How to trade Gold with HotForex
Gold can be traded on both HotForex MT4 and MT5 platforms. These popular and powerful platforms ensure that every trader can trade in their preferred style, in their favorite location, and on the device of their choice.
Forex bonuses with HotForex
Bonus offerings are one of the features that make HotForex stand out from the line of its competitors.
- 100% Supercharged Bonus is what traders have on every deposit of more than 250USD. Also, it provides a two-dollar-per-lot cash rebate to the trader’s account.
- 100% Credit Bonus grants a higher leverage and a flexible deadline to meet volume requirements. Also, if the latter is completed, the bonus can be withdrawn.
- Return On Free Margin: a cashback-like program based on daily free margin and accumulated monthly trade volume.
- 30% Rescue Bonus applies to deposits over $50 and increases account leverage.
- 50% Welcome Bonus can boost trader’s initial deposit of at least $50, giving them more trading power.
Moreover, HotForex offers four levels loyalty program. Registering to each after meeting the qualification requirements and earning HotForex Bars, traders can access a range of useful perks like VPS, private sessions with market analysts, Autochartist subscriptions, or convert the earned HotForex Bars into cash.
How to open a live trading account with HotForex
Open a live trading account and start trading in less than 3 minutes:
- Sign up: Register with HotForex by completing a simple online application form.
- Fund your account: Fund your account in a fast, simple, and secure way.
- Start trading: That’s it! You can access all asset classes and start trading.