With over 2,500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.
Extensive experience combined with support for well over 30 languages, makes XM the broker of choice for traders of all levels, anywhere. We have the expertise and the resources to help everybody realize their investment goals, like only a big broker can.
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XM Forex Trading
The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. Prior to the current forex trading rates system, a monetary management system called the Bretton Woods Agreement was in existence, in which the exchange prices of currencies against each other were tied and correlated to the reserves of gold in possession of the two countries that were the originators of the actual currencies related to a transaction.
Online Forex Trading
Among the main participants of the forex trading market, one of the most growing segments of the total pool of participants of the marketplace, are retail foreign exchange traders who participate in online forex trading for mainly speculative reasons with the ultimate goal of generating a profit from currency fluctuations , or hedging unwanted currency risk.
Along with the global currency exchange markets, commodity markets offer various investment opportunities for retail traders worldwide. Soft commodities such as sugar, wheat or corn have been traded for centuries, and investors’ preference for these financial derivatives is attributed to the major role they play in portfolio diversification and risk management.
Gold Trading and The Precious Metals Market
The contracts based on precious metals can include futures, forwards and options. While Asia is the worldwide largest precious metals market , the commodities market is dominated by European and American corporations, with the biggest precious metals companies based in Canada and Germany.
The futures exchanges market, where besides currencies and stock indices gold and other precious metals are also actively traded, is available 24 hours a day, except weekends.
Trading Gold and Precious Metals
The most frequently traded precious metals are gold, platinum, palladium and silver, and the high trading volume on these commodities is attributed to their retained intrinsic value, regardless of economic conditions.
Trading precious metals also presents opportunities for those interested in short-term investment since derivatives and exchange-traded contracts are a less capital-intensive and simpler way to take a position on their price movements.
Along with gold, platinum, palladium and silver are also valuable assets and traded by investors who regard them as stores of value in times of monetary uncertainty.
Historical Overview of Gold Trading and Precious Metals
As a highly electrically conductive and malleable metal, gold is non-reactive to other elements, and it is used in several industries from jewellery, commercial chemistry and electronics to medicine. The first reference to platinum in Europe was made in the 16th century, and since the 18th century it has been used in jewellery, the motor and chemical industry, dentistry and even medicine.
Gold and Precious Metals Trading Today
Precious metals have been some of the most popular hard commodities to trade since the 1970s. Besides currency exchange trading, investing in gold and other precious metals long-term is a worldwide popular way of portfolio risk management during times of inflation or economic/political uncertainty.
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