International gold trading, trading code LLG, the gold market is formed by the alternating of several markets. The representative markets are Hong Kong, London and New York. The gold market is the oldest and largest gold to date. Trading market, its detailed trading rules are as follows:
1. The quotation for gold is: USD/oz (1 oz = 31.1035 g)
2, the minimum trading unit of gold 0.1 hand 10 ounces, followed by superposition
3. The lowest price volatility of gold is 0.1 USD/oz, one point is 0.1 USD
4, quote spreads: In order to ensure that the customer orders 100% of the transaction, the general quoted price is higher than the selling price by $ 0.5 (one point), if the market is changing dramatically, depending on the circumstances increase the spread. (Note: At present, the difference between bank paper gold is generally 40 points, and individual points are 80 points.)
5. Processing fee: 0.5 commission for each transaction, that is, gold price fluctuation point, two-way transaction is one point, and one-handage fee adds up to 100 dollars.
6, the total cost of each transaction: consists of spreads and fees constitute a complete transaction (bidirectional) to pay 9 points ($ 0.9 of the cost. Therefore, at least expected to have a $ 0.9 fluctuation in the price of gold before trading Only when there is an opportunity, it is common for gold prices to fluctuate by $10 every day.
7. The trading time of gold is:
Winter time (Monday 08:00 to Saturday 03:30 Beijing time) 24 hours
Daylight Saving Time (Monday 08:00 to Saturday 02:30 Beijing Time) 24 hours
Note: Trading hours will be adjusted for individual gold markets (like holidays)
8, gold trading system: guarantee system. The margin is the profit and loss of the guaranteed spread. Any person buying or selling gold must pay the so-called basic margin. Basic margin usually accounts for several hundred percent of the value of the contract to meet market price fluctuations. The required margin of the company for each hand is 1,000 US dollars, and the proportion of capital amplification is one-tenth of the international gold price. Example: If the price of gold is $600 per ounce, the magnification is 60 times.
9, buy and sell single kinds:
(1) Market Order: That is, the transaction is made at the instant market price
(2) Limit orders: The jargon is called “hanging ordersâ€, that is, a list with a certain price gap (at least a difference of US$2) from the market’s immediate price must be lower than the market price; the selling price must be higher than the market price. A pending order is a specified price-scheduled transaction, which is lower than the current price, wants to buy or is more expensive than the current price, and wants to sell, to make a scheduled transaction; or to cut the transaction order held in the hand, specify the price, and complete a transaction. Manipulation method. In layman's terms, it is a method of pre-assigning a price that is better than it is now, or specifying a trading method that is better than the current price. If the current price of gold is $590, the specified price trade is pre-assigned at a price above $590 (referring to a pre-designated price that cuts or re-sells the holding list) or a price below $590. Pre-designated price buy (refers to buying or repurchasing a sell order).
New orders, closing orders, lock orders each transaction at least 0.1 hand, a maximum of 30 hands.
10, lock orders: Where the same goods? The warehouse receipts in the same direction are regarded as lock orders. What are the guarantees for each set of lock orders? Only USD$100.00. Lock orders can be used for margin calls
11. Floating losses and floating profits: Unrealized losses or profits from open contracts calculated at immediate market prices, with a one-point change in the price of gold (US$0.1) Per-float profit and loss of US$10
12, forced to close: When the account balance is less than or is 0, will be forced to close positions
13, the interest rate: gold is based on paper trading, very little for the spot delivery. The spot delivery process is complex and there are a number of additional charges and involves complex issues such as tariffs and insurance. After the customer's purchase and sale order is executed, according to the market rules, the delivery should be completed on the second trading day after the transaction, but if the customer does not want to close the position immediately, he may choose to postpone the sale. Under normal circumstances, the buyer is required to pay interest, whereas the seller can collect interest instead. More than a single hand every day to pay 9 dollars, empty single hand every day charge 4.08 dollars
14, gold profit and loss calculation
Formula: (Selling price - Bid price) x Contract unit x Number of contracts +/- Interest - Fees = Profit and Loss
Example 1
Trading: A customer with 3 hands of US$700 and 2 days later with US$490 closed.
Profit and Loss Calculation: US$(450-440)X100x3=US$3,000-
(This example does not calculate interest, warehouse rent and handling fees)
15, risk control:
Stop loss:
Refers to the customer after the establishment of the order, in order to prevent the determination of unfavorable losses caused by the left, in the acceptable losses in advance set the anti-designated price, once the determination of the left can prevent the expansion of the loss, the loss fixed in a certain range, this Gold speculation is one of the best ways to control risk. After a certain price has been reached or has passed, stop-loss orders become market orders.
Win only wins:
Refers to the fact that when a customer builds a contract, it makes profits, and in order to further increase profitability, at the same time, it prevents the profitability of its own trading bills from causing further losses due to the rise or fall of the price. In front of the transaction bill, the real-time price In the rear, set a reverse winning price point to ensure minimum profit or to ensure that the transaction slip avoids losses. Purchase or sell at a specified price or better price, but only if the specified stop price has been reached or has been passed.
Valid within one week:
The customer's limit order is valid within a week (before Friday's close) unless it has been executed or cancelled.
16, to do more short: Margin trading customers can be defined as "low buy high sell; sell high and low to buy." In other words, when the customer guesses that the price of gold will rise, you can do the bill, wait until the price of gold rose after selling to earn Take the price difference; you can also make a sell order when you guess that the price of gold will go down, and buy it back after the price of gold goes down to earn a spread. This is based on the fair expectation of the price of gold, which is based on the expected price of gold. It is guessed that the price of gold will rise. Even if the price of gold is higher than yesterday or in the past, it will be lower in the future. At this time, you can pay for the construction of a single price at a low price. The price cuts the order; Guess that the price of gold will fall, even if the price of gold is lower than yesterday and past, but it may be high in the future. At this time, a sell order can only buy back orders by high-selling orders and earn spreads.
17. How to control the position: In the margin trading, the profit and loss occurs in the margin. When the spread is earned, it is automatically added to the margin, and when the spread is paid, it is deducted from the margin. When the loss reaches more than 90%, a margin should be added. If the account balance is less than 0, it cannot be guaranteed that the transaction will be forced to settle. In order to avoid forced settlement, it is generally safer to control 10% of the positions. With one-off gold (a $1,000 margin, a 100-ounce gold trading contract), the customer's account will change by $10 for each point ($0.1) in gold prices. In other words, every time the gold price changes by one point ($0.1), the customer's account will change one percent of the margin used. For example, the customer has an account of 50,000 U.S. dollars, of which 5,000 U.S. dollars are used for speculative gold, and for every one point change (0.1 U.S. dollars), the customer account changes by 50 U.S. dollars. In the case of profit, the price of gold changes by 1000 points (100 US dollars) and the customer account will double (profit of 50,000 US dollars); conversely, in case of loss, the price of gold will change by 1000 points (100 US dollars), and the customer account will become 0 ( Loss of $ 50,000). At present, there has not yet been a volatility of more than 80 U.S. dollars per day/week. Therefore, the control of the position within 10% is safer than the others.
18. Influencing Factors of Gold Price: The factors determining the price of gold are relatively simple, and it is very favorable for investors who are good at technical analysis. Compared with soybeans, gold is not affected by weather, there is no pests and diseases, and there is no complicated shipping industry. The troubled factors, policies and production will not have a huge amount of change (in order to maintain the stability of gold prices, gold suppliers do not want to see the huge rise and fall in the price of gold, which is detrimental to them. Gold in recent years Production has also been kept up and down.) All this makes it possible to determine prices and trends through technical means, so it is very suitable for speculators who are skilled in using technical analysis tools.
19. The main difference from the bank’s paper gold: First, the spread is small. At present, the spread of the company’s platform is only 5 points, but the bank has more than 40 points; followed by a short-selling mechanism, the bank’s paper gold business can only do more. Short.
1. The quotation for gold is: USD/oz (1 oz = 31.1035 g)
2, the minimum trading unit of gold 0.1 hand 10 ounces, followed by superposition
3. The lowest price volatility of gold is 0.1 USD/oz, one point is 0.1 USD
4, quote spreads: In order to ensure that the customer orders 100% of the transaction, the general quoted price is higher than the selling price by $ 0.5 (one point), if the market is changing dramatically, depending on the circumstances increase the spread. (Note: At present, the difference between bank paper gold is generally 40 points, and individual points are 80 points.)
5. Processing fee: 0.5 commission for each transaction, that is, gold price fluctuation point, two-way transaction is one point, and one-handage fee adds up to 100 dollars.
6, the total cost of each transaction: consists of spreads and fees constitute a complete transaction (bidirectional) to pay 9 points ($ 0.9 of the cost. Therefore, at least expected to have a $ 0.9 fluctuation in the price of gold before trading Only when there is an opportunity, it is common for gold prices to fluctuate by $10 every day.
7. The trading time of gold is:
Winter time (Monday 08:00 to Saturday 03:30 Beijing time) 24 hours
Daylight Saving Time (Monday 08:00 to Saturday 02:30 Beijing Time) 24 hours
Note: Trading hours will be adjusted for individual gold markets (like holidays)
8, gold trading system: guarantee system. The margin is the profit and loss of the guaranteed spread. Any person buying or selling gold must pay the so-called basic margin. Basic margin usually accounts for several hundred percent of the value of the contract to meet market price fluctuations. The required margin of the company for each hand is 1,000 US dollars, and the proportion of capital amplification is one-tenth of the international gold price. Example: If the price of gold is $600 per ounce, the magnification is 60 times.
9, buy and sell single kinds:
(1) Market Order: That is, the transaction is made at the instant market price
(2) Limit orders: The jargon is called “hanging ordersâ€, that is, a list with a certain price gap (at least a difference of US$2) from the market’s immediate price must be lower than the market price; the selling price must be higher than the market price. A pending order is a specified price-scheduled transaction, which is lower than the current price, wants to buy or is more expensive than the current price, and wants to sell, to make a scheduled transaction; or to cut the transaction order held in the hand, specify the price, and complete a transaction. Manipulation method. In layman's terms, it is a method of pre-assigning a price that is better than it is now, or specifying a trading method that is better than the current price. If the current price of gold is $590, the specified price trade is pre-assigned at a price above $590 (referring to a pre-designated price that cuts or re-sells the holding list) or a price below $590. Pre-designated price buy (refers to buying or repurchasing a sell order).
New orders, closing orders, lock orders each transaction at least 0.1 hand, a maximum of 30 hands.
10, lock orders: Where the same goods? The warehouse receipts in the same direction are regarded as lock orders. What are the guarantees for each set of lock orders? Only USD$100.00. Lock orders can be used for margin calls
11. Floating losses and floating profits: Unrealized losses or profits from open contracts calculated at immediate market prices, with a one-point change in the price of gold (US$0.1) Per-float profit and loss of US$10
12, forced to close: When the account balance is less than or is 0, will be forced to close positions
13, the interest rate: gold is based on paper trading, very little for the spot delivery. The spot delivery process is complex and there are a number of additional charges and involves complex issues such as tariffs and insurance. After the customer's purchase and sale order is executed, according to the market rules, the delivery should be completed on the second trading day after the transaction, but if the customer does not want to close the position immediately, he may choose to postpone the sale. Under normal circumstances, the buyer is required to pay interest, whereas the seller can collect interest instead. More than a single hand every day to pay 9 dollars, empty single hand every day charge 4.08 dollars
14, gold profit and loss calculation
Formula: (Selling price - Bid price) x Contract unit x Number of contracts +/- Interest - Fees = Profit and Loss
Example 1
Trading: A customer with 3 hands of US$700 and 2 days later with US$490 closed.
Profit and Loss Calculation: US$(450-440)X100x3=US$3,000-
(This example does not calculate interest, warehouse rent and handling fees)
15, risk control:
Stop loss:
Refers to the customer after the establishment of the order, in order to prevent the determination of unfavorable losses caused by the left, in the acceptable losses in advance set the anti-designated price, once the determination of the left can prevent the expansion of the loss, the loss fixed in a certain range, this Gold speculation is one of the best ways to control risk. After a certain price has been reached or has passed, stop-loss orders become market orders.
Win only wins:
Refers to the fact that when a customer builds a contract, it makes profits, and in order to further increase profitability, at the same time, it prevents the profitability of its own trading bills from causing further losses due to the rise or fall of the price. In front of the transaction bill, the real-time price In the rear, set a reverse winning price point to ensure minimum profit or to ensure that the transaction slip avoids losses. Purchase or sell at a specified price or better price, but only if the specified stop price has been reached or has been passed.
Valid within one week:
The customer's limit order is valid within a week (before Friday's close) unless it has been executed or cancelled.
16, to do more short: Margin trading customers can be defined as "low buy high sell; sell high and low to buy." In other words, when the customer guesses that the price of gold will rise, you can do the bill, wait until the price of gold rose after selling to earn Take the price difference; you can also make a sell order when you guess that the price of gold will go down, and buy it back after the price of gold goes down to earn a spread. This is based on the fair expectation of the price of gold, which is based on the expected price of gold. It is guessed that the price of gold will rise. Even if the price of gold is higher than yesterday or in the past, it will be lower in the future. At this time, you can pay for the construction of a single price at a low price. The price cuts the order; Guess that the price of gold will fall, even if the price of gold is lower than yesterday and past, but it may be high in the future. At this time, a sell order can only buy back orders by high-selling orders and earn spreads.
17. How to control the position: In the margin trading, the profit and loss occurs in the margin. When the spread is earned, it is automatically added to the margin, and when the spread is paid, it is deducted from the margin. When the loss reaches more than 90%, a margin should be added. If the account balance is less than 0, it cannot be guaranteed that the transaction will be forced to settle. In order to avoid forced settlement, it is generally safer to control 10% of the positions. With one-off gold (a $1,000 margin, a 100-ounce gold trading contract), the customer's account will change by $10 for each point ($0.1) in gold prices. In other words, every time the gold price changes by one point ($0.1), the customer's account will change one percent of the margin used. For example, the customer has an account of 50,000 U.S. dollars, of which 5,000 U.S. dollars are used for speculative gold, and for every one point change (0.1 U.S. dollars), the customer account changes by 50 U.S. dollars. In the case of profit, the price of gold changes by 1000 points (100 US dollars) and the customer account will double (profit of 50,000 US dollars); conversely, in case of loss, the price of gold will change by 1000 points (100 US dollars), and the customer account will become 0 ( Loss of $ 50,000). At present, there has not yet been a volatility of more than 80 U.S. dollars per day/week. Therefore, the control of the position within 10% is safer than the others.
18. Influencing Factors of Gold Price: The factors determining the price of gold are relatively simple, and it is very favorable for investors who are good at technical analysis. Compared with soybeans, gold is not affected by weather, there is no pests and diseases, and there is no complicated shipping industry. The troubled factors, policies and production will not have a huge amount of change (in order to maintain the stability of gold prices, gold suppliers do not want to see the huge rise and fall in the price of gold, which is detrimental to them. Gold in recent years Production has also been kept up and down.) All this makes it possible to determine prices and trends through technical means, so it is very suitable for speculators who are skilled in using technical analysis tools.
19. The main difference from the bank’s paper gold: First, the spread is small. At present, the spread of the company’s platform is only 5 points, but the bank has more than 40 points; followed by a short-selling mechanism, the bank’s paper gold business can only do more. Short.
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