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    Thread: What is the minimum amount needed to trade in gold?

    1. #11
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      $120 is the lowest amount to trade in 0.01 lot of gold. I trade in gold following this plan. I always try to take $10 profit or more from 0.01 lot of gold. Do not use stop loss most of the time. Sometimes when I face problem then I hedge it.


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    3. #12
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      There is a quite confusion on me too.

      I have gone to Insta web site and use the calculator there and 0,01 lot gold have value 0,01 $ per pip.

      But some days ago when I traded gold, it wasn't like that, anyone can tell me how much $ is one pip if we use 0,01 lot ?


    4. #13
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      I think that we should not do the trade in gold wihout proper learning and experiece becuase understanding the trend of gold is difficult and movement of gold is very fast some times and yo have less equity at that time then you may be bear big loss in gold.


    5. #14
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      i think 30 dollars are minimum for gold trade because it is heavy then others and also profitable here we can make a good profit if we understand the market of gold


    6. #15
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      Gold trading is becoming popular as it is very volatile every day. It give good opportunity to make money too. As unit gold price is very high you need at least 15/16$ to open a lowest lot of .01. in your regular account with 1:1000 leverage in instaforex. But I think you need to have 100$ in your account before you start gold trading.


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      I havent traded gold upto this moment. I am looking into this thread to get help. I think that it is also like forex. But i am also interested in gold trading in near future.


    8. #17
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      yes gold is vary deficit trading market because minimum amount needed there is no limit to that mate but mate you need a high balance account and often the minimum lot size you trade in gold will be 5 times the the lot size you trade in any other currency, for example if the minimum lot size of currencies your broker offers is 0.01, the gold lot size save balance.


    9. #18
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      Basically the amount of your account depends upon trading volume. According to me one should use only 1% of balance in trading, by which trading account stay safe. In any difficult situation it's really important that your account have sufficient balance.


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      Yeah, 0,01 lot in Gold doesn't mean it has 0,01 $ value per pip like eurusd which I think so at first since I have never traded in gold before only trade in eurusd and recently I just traded in gold and feel confuse about how much $ per pip in gold. I go to Insta site and it said 0,01 $ but its not, I've traded it again to make sure and 0,01 lot has around 0,5 $ per pip.


    11. #20
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      Yes Bao Gold 0.01 lot in Instaforex is = .1 lot plus the spread is so much more so really if we want to trade in Gold than it can only be done long term there is no short term things in Gold or you will just destroy the account i would never try to trade on gold even if i get 1 million.


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