Diversify Your Portfolio
Many are turning to gold and silver as a means to diversify their portfolios. These metals are popular for being forms of money with intrinsic value.
Gold and silver are classified as currencies by the International Organization for Standardization (ISO), and gold and silver are traded relative to a currency pair. Their symbols, XAU for gold and XAG for silver, are derived from their abbreviations on the periodic table of chemical elements: “X” standing for “exchange”, and the succeeding two letters, AU and AG, are their abbreviations from the periodic table.
| XAU/USD - Gold / US Dollar | 1 Standard lot | 10 oz | 1 pip = $0.10 US dollars |
| 1 Mini lot | 1 oz | 1 pip = $0.01 US dollars | |
| XAG/USD - Silver / US Dollar | 1 Standard lot | 500 oz | 1 pip = $5.00 US dollars |
| 1 Mini lot | 50 oz | 1 pip = $0.50 US dollars |
Trade Gold and Silver with MT4
To start trading gold and silver today with your existing live account, first please review this new Product Disclosure Statement
You can start trading gold and silver without downloading additional software. Just select the above “currency” pairs in MT4. Rest assured, you’ll receive all of the same benefits you get trading forex with IBFX Australia: low spreads, high leverage, market news and commentary, friendly customer service and more.
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