Gold remains to be the hottest commodities in the financial market and with its predictable price movement opens a lot of trading opportunities. There’s no need for you to physically own this metal in order to trade because you can simply deal with contracts for difference or CFDs with an established investment firm likeeToro. This investment firm is among the most trusted brokerages in the industry.
Copy Top Performing Gold Traders on eToro’s Social Trading Network
eToro has an all-in-one platform that is widely known for its social trading network which has over 5 million users. The CopyTrader feature allows you to browse through the profiles of successful gold traders and communicate with these users to talk about their strategies giving you the opportunity to learn from the experts. You will also have the liberty to copy their trades and set your preferences giving you full control of what you want to copy from their trades.
Selection of Tools and Resources for Gold Traders
There’s a free demo account that you can use for testing the platform and your strategies and it’s preloaded with $100,000 virtual funds. It’s a great way to do practice trades especially if you’re a beginner since you won’t be using real money. Also, the availability of advanced risk management tools will allow you to protect your trading positions and duplicate the trades of other users with specific limits on how much profit you would like to gain and avoid significant losses in the event that the trade doesn’t turn out the way you expected. All of these benefits are yours to enjoy when you become an eToro trader.
So are you interested in trading gold today? Start here right now with eToro’s social trading network!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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