online gold trading<\/a> is now one of the most secure and easy ways to trade and earn handsome profits.<\/p>\n\n\n\nThe price of gold is soaring as investors and consumers alike seek to diversify their portfolios with a historically safe, stable asset. And while this surge in interest has led to some great opportunities for savvy traders, it’s also opened up the market to multiple frauds and scammers. <\/p>\n\n\n\n
Whether it’s about safety or return on investment, you may be skeptical about the performance of gold stocks. <\/p>\n\n\n\n
As a result, you may not buy these stocks and miss out on some incredible deals at times. <\/p>\n\n\n\n
So, in this post, we will debunk some of the popular myths about gold trading so that you understand why it can be your next trading option.<\/p>\n\n\n\n
You Need to Take Gold Delivery for Forex Trading<\/h2>\n\n\n\n
Gold trading is a much more evolved phenomenon than conventional trade in older times. Previously, buyers would own the gold, i.e., they would take the physical possession of the yellow metal to secure the deal.<\/p>\n\n\n\n
However, in the times of online trading and innovative gold trading platforms, it’s much different now. <\/p>\n\n\n\n
The idea that you need physical delivery of gold from the forex market is a misconception. <\/p>\n\n\n\n
Some people believe when you trade a commodity, you must also pay for the transportation and storage of the physical assets.<\/p>\n\n\n\n
So, when you’re talking about gold, it becomes a bigger problem considering that the storage and transportation have a certain level of security risk attached to them. <\/p>\n\n\n\n
But it’s just a myth. Imagine if you had to pay for all those things, it would significantly reduce your profit and induce unwanted expenses.<\/p>\n\n\n\n
In reality, there is no involvement of physical delivery and taking physical possession of gold assets. It’s one of the reasons why people prefer forex trading, as it doesn’t involve managing costs for the material handling of the purchase. <\/p>\n\n\n\n
When you purchase any commodity from the online market, there is no physical delivery of the assets. <\/p>\n\n\n\n
However, once you close a trade deal, you have the right to access a certain amount of gold.<\/p>\n\n\n\n
The Profit Isn’t Great Due to the Lack of Leverage<\/h2>\n\n\n\n
For US traders, forex trading has its own set of unique challenges. For one, they cannot trade commodities using leverage. <\/p>\n\n\n\n
As a result, many traders assume that it leads to fewer profits than those with leverage trading. <\/p>\n\n\n\n
So, they think the deals won’t yield significant gains when they trade from the Forex market.\u00a0<\/p>\n\n\n\n
This misconception prevents many potential investors from entering the gold trading world. <\/p>\n\n\n\n
The truth is when you work with a gold trading platform without leverage, it benefits the trader in many ways. <\/p>\n\n\n\n
But you are at a greater risk of loss as an investor with high power even when there are higher profits on offer.<\/p>\n\n\n\n
Moreover, higher leverage can also increase the chances of loss. <\/p>\n\n\n\n
Over the years, investors had lost considerable investments when they traded with high power. <\/p>\n\n\n\n
However, increased leverage can primarily induce potential losses when the market moves against your expectations.<\/p>\n\n\n\n
When you trade without leverage, it’s your own money at stake. <\/p>\n\n\n\n
You can change the gold with currency and earn decent profits. With less risk and better stability, unleveraged gold trading is better for most traders.<\/p>\n\n\n\nGold Price Performance: % Annual Change<\/strong><\/td><\/tr>Year <\/td> | USD<\/td><\/tr> | 2010<\/td> | +29.5%<\/td><\/tr> | 2011<\/td> | +10.1%<\/td><\/tr> | 2012<\/td> | +7.0%<\/td><\/tr> | 2013<\/td> | -28.3%<\/td><\/tr> | 2014<\/td> | -1.5%<\/td><\/tr> | 2015<\/td> | -10.4%<\/td><\/tr> | 2016<\/td> | +9.1%<\/td><\/tr> | 2017<\/td> | +13.6%<\/td><\/tr> | 2018<\/td> | -2.1%<\/td><\/tr> | 2019<\/td> | +18.9%<\/td><\/tr> | 2020<\/td> | +24.6%<\/td><\/tr> | 2021<\/td> | -3.5%<\/td><\/tr> | 2022<\/td> | +1.0%<\/td><\/tr> | Average<\/td> | 8.0%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Source: Goldprice<\/em><\/p>\n\n\n\nYou Need to Start With Huge Investments to Enter the Gold Trading Forex Market<\/h2>\n\n\n\n | |