Intro: Trading gold has been show to be a profitable business for many people. Gold is one of the safest investments out there today. Follow these steps to trade gold online. Step 1: To trade gold online, you must buy some. You can get gold directly from a gold brokerage which will deliver the gold physically to your house. Once the gold comes, you should have a safe place to keep it. Step 2: Alternatively, you can keep the gold in a brokerage safe deposit and get a gold owner account certification send to you. This is often easier than getting the physical gold sent to you, especially if you trade often. Step 3: To trade gold online, you could open an account with a future brokerage firm. You can invest smaller amounts of money and control the same amount of gold. With gold future, each contract consists of 100 troy ounces of gold. Step 4: For example, if 1 troy ounces of gold cost $500 then 100 troy ounces of gold will cost $50,000 if you bought the physical gold. With a gold future contract you usually only need to put 5-10 percent of the total cost in your margin account to control the same amount of gold. Step 5: To trade gold online, find an online trading company, such as E-Trade, where you can sign up and trade gold online. Tips: To trade gold online, do the research and find the best online trading company to work with. Warnings: There are often big wins and big loses when trading gold. You should consult with a professional trader before risking any money. |
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