How Do You Buy Oil, Gold and Silver?
Sure, you know how to trade stocks, bonds, forex and options - but how about commodities?
How does a person go about purchasing gold, silver and oil? Sure, you can purchase stocks that are tied to the prices of certain commodities, but you want to own the real thing. You see gold edging up, day after day, and want to get in on the action. You think that the price of oil is going to drop over the short-term, and you want to get in on the action.
Is it possible to purchase gold, silver and oil?
A number of major forex brokers (including Forexyard) have started offering commodities trading to their customers.
With Forexyard, for instance, you can purchase:
Gold, Oil, Silver and Platinum
Just like with forex trading, commodities trading offers the opportunity to employ a great deal of leverage to your positions. While this will result in you being able to take substantial positions, it also greatly increases your risk, so be careful.
For instance, through Forexyard’s commodities trading program, 100/1 leverage can be employed for the purchase of gold and platinum, while 40/1 leverage is available for the purchase of oil and silver.
Sure, there is a heightened level of risk that you will be taking when trading commodities (especially as compared to equities and bonds), but if you are already trading forex (which you probably are), then you are already familiar with the risks of leveraged investments.
With the prices of many commodities (especially gold) nearing record highs, it’s understandable that you would want to be as close to the action as possible. Commodities trading through Forexyard (and brokers like it) allow you to get as close to the action as humanly possible without acting taking possession of thousands of drums of crude oil or hundreds of gold bars.
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