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Can you trade gold on forex?
Currency and gold represent two very different attitudes to investment. High-risk, high-profit trading versus cautious but reliable storage of wealth and consistent value. Both have their advantages and disadvantages – which is the better decision for you?
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Gold trading is a popular form of investment and can be done through forex brokers who offer gold as one of the tradable assets. Gold trading is one of the most complicated commodities trading today due to its uniqueness. However, gold is a very valuable commodity today because most countries use it as a reserve currency. Traders can trade gold and speculate on the price of gold through various financial instruments such as spot contracts, futures, and options. However, it's important to note that trading gold, like any other form of investment, carries risks and requires a good understanding of the market.