fx_metals
Table of Contents
Forex Metals
Gold and silver are two of the most popular and heavily traded commodities for investments across the globe. They offer ample trading opportunities with high liquidity. DTTW™ provides access to spot gold and silver trading.
Pairs
Two precious metal pairs:
- XAU/USD (spot gold)
- XAG/USD (spot silver)
Both pairs trade in a method similar to currency pairs, and are quoted in terms of USD per ounce (oz.). For example, if XAU/USD is quoting at 1168.12, that means 1 oz. of gold will cost 1168.12 USD.
Order Types
- Limit Buy/Sell→ShortSell
- Market Buy/Sell→ShortSell
- Pegged Buy/Sell→ShortSell
Basic Market Rules
- Lot Size: min. 10 ounces.
- Tick Size: varies, as follows:
- XAU/USD: 0.01 ticks
- XAG/USD: 0.001 ticks
- Short Sale Rules: short selling is allowed, and no mark or locates are required for shorting.
See Also
fx_metals.txt · Last modified: 2023/09/13 08:42 by hammed