XM Gold Trading hours/margin explained.

In this article.XMThis section explains the trading hours and margin requirements for gold trading in the

Trading hours/margin for XM gold trading

Trading hours for XM gold trading.

Trading hours for XM gold are as follows.

	winter time	daylight savings time
Monday - Thursday.	08:05 - 06:55 hrs.	07:05 - 05:55 hrs.
Friday	08:05 - 06:50 hrs.	07:05 - 05:50 the following day.
Saturdays, Sundays and public holidays	close	close

Three points should be noted with regard to trading hours.

Trading hours are the same regardless of account type.

XM gold margin.

The formula for determining the margin requirement for gold (gold) is as follows

Weighing as gold, the unit of measure is the ounce (oz).One ounce is approximately 30 grammes. It should also be calculated in dollars, not in yen.

At XM, you trade in [lots] (not oz) and the value per lot (oz) depends on your account type.1 lot = 100 oz in Standard and Zero accountsbutIn a micro account, one hundredth of that amount, 1 lot = 1 oz.This will be the case.

The trading conditions for all three types of XM accounts are as follows

account type	1rot	leverage
standard	100oz.	Up to 888 times
micro	1oz	Up to 888 times
Zero (ZERO)	100oz.	Up to 500 times

1 lot of gold and margin requirement

For example, say $1,000 per ounce (oz).

If one US dollar is 110 yen, one ounce (oz) can be calculated to be approximately 110,000 yen.。

 

At XMTrading, the rule is that 1 lot of gold = 100 oz (for Standard and XM Zero accounts).

For 1x leverage, margin of ¥110,000 x 100 = ¥11 million is required.

 

However, XMTrading allows [888 times] leverage.

 1Lot = 100oz at 11 million yen/888 = only 12,387 yen margin.It is possible to trade in the

Reputations and reviews of XM gold trading

The online reputation of XM gold trading shows that only intermediate and above traders are actually doing it.

Physical trading is different from forex currency trading and can be quite difficult for beginners to trade.

It is important to familiarise yourself with gold trading first, as it is possible to start with a small margin by using a XM micro account.

https://twitter.com/okuritai4/status/1263873702472511489?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1263873702472511489%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffxex.jp%2Fxm-gold%2F

Charts are easy to read XM. I often look at the charts XM too.
XM is only occasionally playing Gold, Nikkei Average, etc.

- Nobu Nobu @1970 (@my_life1970) 26 May 2020

While I was sleeping in the evening, Bitcoin was up in a tizzy.
One, liberation.

Meanwhile, it looks like Gold has finally fallen.
If it breaks 1,700, I would get rid of some more bits and buy gold.

I was thinking of using iforex as an account for some long-term perspective and using XM as a trading account.

— おくねこ＠大人の資産運用 (@ye4yn) May 27, 2020

summary

This article describes the trading hours and margin requirements for XM gold trading.