XAU/USD

1660.57
0.04%
Daily
  • L. 1641.57
  • H. 1664.93
  • Ch. 0.67
  • Ch.% 0.04%
Overview
Costs & Margins
  • As an alternative to trading currencies against each, traders can trade gold (XAU) against the US dollar, which can be traded unleveraged with FOREX.com. Many traders see the precious metal as a hedge against inflation, a storage of value and a safe-haven asset. Historically, gold prices tend to move inversely with the U.S. dollar, but rising geopolitical uncertainty means this trend is less pronounced than it once was. In response to greater demand and product diversification, traders also have the option of putting gold on one side of a trade against certain other major currencies.

  • Margin From
    100.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1
  • Long
    -1.5
  • Short
    1.35
  • Min Stop Distance
    0.0 points
  • Guaranteed Order Minimum
    100.0 points
  • Spreads
  • Spreads From
    0.25 Points
  • Margins
  • 0 +
    100.0 %
  • Dealing
  • Spreads
    0.25 Points
  • Guaranteed Order Min Distance
    100.0 points
  • Margins
  • 0 +
    100.0 %


Economic Calendar

Forex explained

What is forex?

Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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Why trade forex

People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.

Read more about why to trade forex.

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How to trade forex

In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

Read more about how to trade forex.

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