- Joined
- 17 November 2018
- Posts
- 28
- Reactions
- 2
No its not fantasy ,its real money Im trading and i respect that. If I forget to put a stop loss order on I can blow up the account real quick .I will owe the broker money . Real money. I understand I am trading the price of spot gold. I dont have the right to convert the trades into physical gold.dont want to . Physical gold is tricky to store safely and costs to have it stored for you.
these instruments allow you to borrow money from the broker which is paid back the instant the trade is close , rather than borrowing from the bank , going to the bullion dealer , buying the gold, storing the gold, going back to the bullion dealer , selling the gold , returning the money to the bank
I have only a mortgage and a car loan as Debt , no credit card or other loans, I understand the risks involved and accept them . Unfortunately some use these derivatives and have no idea. They lose thousand of $$ very quickly and take no responsibiliy. Its all the instruments fault, how can it be their fault!
If you have debt or gambling issues stay well clear of these derivatives