Lately, online trading in valuable metals has become very popular. Gold takes up most of the trading volume, with silver trailing not too far behind its success. Back in 2008, trading online between gold, silver, and other metals increased due to the uncertainty that spread throughout the markets. These commodities, which were physical investments, were seen as resilient by investors, meaning these commodities would not disappear if the market crashed. They are still viewed as a secure investment under bad times.
Gold is used for making microchips, and the development of the semi-conductor industry is the main reason why the volume of trading gold is growing so much. In combination with speculations on online trading, the price of gold rose from $400 an ounce to almost $2,500 an ounce in under six years.
Online trading technology has developed vastly in the new millennium. Almost anybody of age can trade gold by using advanced online trading platforms. This is a huge innovation, considering online gold trading was only available for institutions located in Chicago, around 10 to 15 years ago. Trading this way was very expensive and nearly impossible to take part in for individuals. So later on, Forex brokers developed solutions that offer online gold trading as part of online trading. Among commodities, Gold, silver, and oil are the most commonly traded online as they give the trader a way to make a profit from the expiration of futures.
Let’s recap on everything that we have discussed on Forex trading so far. Again, Forex brokers allow pretty much anybody to trade online and execute specific requests using the program. Let's say the price of gold went up to a certain level and you reached your goal, the trading system is able to send a signal on your behalf, then you will be able to send buy or sell orders to the market and trade the gold. A new gold rush is happening today in the world of pure investment, thanks to the new online opportunities for gold trading.