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XM Gold Trading hours/margin explained.

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

XMwellCompletely free demo account versionis available, so you can try it out risk-free.

Also, XM is giving away a $30 trading bonus to anyone who opens a new account!For more information, visit the official website atPlease check from the following links.

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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.

  • Shift in trading hours between winter and summer time.
  • Trading hours should end five minutes earlier from Friday to Saturday.
  • Markets must be closed on Saturdays, Sundays and public holidays.

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

Number of lots x contract size (trading unit) x market price ÷ account leverage = margin requirement

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.

↓arrow (mark or symbol)

Click here for the official XM website.
*Now we're giving away a $30 bonus!

summary

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

XMwellCompletely free demo account versionis available, so you can try it out risk-free.

Also, XM is giving away a $30 trading bonus to anyone who opens a new account!For more information, visit the official website atPlease check from the following links.

↓arrow (mark or symbol)

Click here for the official XM website.
*Now we're giving away a $30 bonus!

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