During the global financial crisis, many switched to investing in precious metals, since this market turned out to be more stable, and most importantly profitable. The fact is that at this time the price of gold began to grow actively. This product can be purchased not only in the form of investment coins in the bank, but also in the form of securities on the stock exchange, which are backed by gold.
Instructions
Step 1
Select the brokerage office through which you want to enter the stock market. Check with your broker if they trade in World Gold Council (GBS) stocks. You also need to find out about commissions, leverage, initial deposit and clarify other points of interest to you. A list of brokers can be found on the Internet using search engines. At the same time, it is desirable that there is a branch of this company in your or a nearby city. Read the reviews and finally decide on the intermediary.
Step 2
Sign an agreement with a brokerage office and open a real account. Make an initial deposit. From this moment you can start buying and selling gold on the exchange. However, do not rush, as this will only lead to losses. Start by familiarizing yourself with programs and information on stock exchanges.
Step 3
Check out the trading platform. As a rule, most brokers work with the MetaTrade4 program. To go to the gold chart, click on the "File" menu, select the "New chart" section and run "XAUUSD". Analyze the price movement. You should not buy gold straight away if you are not familiar with the basics of trading.
Step 4
Explore information on stock futures and trading strategies. It is not enough to just buy the precious metal, as its price can drop and you will lose a large amount of money. Thus, it is necessary to catch the moment when the trend direction changes and make a profit on the price difference.
Step 5
Create an impersonal metal account. This means that your account with the broker will be in gold equivalent. This method of trading is very convenient, since your funds are stored in gold, therefore, they automatically grow with the increase in prices for it. You can invest your savings in any assets, as well as withdraw them at any convenient time. That being said, you do not suffer from currency depreciation or default.
