Published on Thu Jan 13th, 2022
What are Precious Metals?
Precious metals like Gold and Silver are tradable instruments classed as a commodity, therefore making their price relatively uniform across the world.
Traders tend to use precious metals as ‘safe-haven’ assets which become more tradable as economic developments and political unrest caused increased volatility across other markets. After all, when adverse market conditions arise from war, recession, government debt issues, etc, Gold retains its value whereas stocks and currencies are vulnerable to significant losses.
Gold and Silver are characteristically limited in supply, which means that they tend to be of higher value. Where Gold is used as the main safe-haven asset, Silver is typically used in industrial production. Therefore, it’s more susceptible to price fluctuations from changes in business conditions.
Why TRADE Precious Metals with Tickmill?
Tickmill's aim is to help our traders succeed by providing an exceptional trading experience.
- Spreads from 0.0
- Access to Gold & Silver crosses.
- 0.20s Average execution speed.
- All trading strategies enabled.
- Leverage up to 1:500.
HOW-TO Trade Precious Metals
Buying and selling precious metals doesn’t require you to buy or sell the physical product. You’re simply speculating on the changes in price, just like you would with other financial derivatives.
Price drivers for precious metals, however, are inversely different from other types of financial instruments. Where stocks and shares may see a decrease in value following political unrest or war, precious metals see an influx of investment, driving their prices higher.
Factors that usually affect precious metal prices are supply and demand, national and global economic trends, inflation, USD strength, interest rates, government policy, technology, and more.
MetaTrader Expert Advisors Trading on Silver (XAGUSD) or Gold (XAUUSD) Pairs
WallStreet Forex Robot 3.0 Dominatin
WallStreet Forex Robot 3.0 Dominatin is a scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA, this seems to be entirely thread-safe.
Forex Gold Investor
Forex Gold Investor trades by the use of precise entry and exit trading algorithms with drawdown protection system, intelligent money-management system, revolutionary "Go Long" trading system, and broker SPY module.
Happy Gold uses a trend strategy with a modified ZigZag indicator, that best works on XAUUSD in the M30 chart.
Gold Scalper PRO
The Gold Scalper PRO strategy's principle is to enter in a distinctive market impulse direction and follow correction. A principle that has been around for as long as the markets have existed.
Gold Scalper PRO is not a grid, martingale, or using any other risky strategies, it just employs a classical trading strategy by a textbook using reasonable Stop Loss levels and a prosperous entry and exit trading logic beside an optional money management ATR based algorithm.