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Forex Booker enables its clients to perform DAY-TRADING in gold and silver rates against the US dollar.
The gold symbol is XAU, the silver symbol is XAG.
The
price of gold refers to its price per ounce in USD. For example, if the
price is 612.97, it means that an ounce of gold is traded for USD
612.97. Similarly, the price of silver as well refers to its price per
ounce in USD. For example, if the price is 11.853, it means that an
ounce of silver is traded for USD 11.853.
There are several
weighing methods in the precious metals and stones markets, where the
most common is TROY (a TROY ounce equals approximately 31.10 grams;
where an AV ounce equals approximately 28.35 grams).
The trading
with gold and silver rates is performed as it is done with foreign
currencies, by the OTC method (over the counter). That means that the
trading is performed directly between the two involved parties, and not
via a third party which consolidates the trade (such as an exchange
market).
Trading with gold or silver rates, as with foreign
currency rates, is non-delivery trading, which does not require the
"physical" purchase or sale of the "commodity".
Forex Booker
clients and traders, who wish to perform Day-Trading with gold or
silver rates, will regard the gold (XAU) and silver (XAG) just as they
treat any other foreign currency, however – the trade is done only
against the US dollar (USD).
Please note that gold and silver rates
are traded worldwide between 01:00-17:30 GMT, Monday through Friday,
and that spreads are usually higher during after-hours.
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Forex Day Trading 
