Complete guide to gold trading

 

Gold trading juniors, welcome dears let's celebrate your first step for earning money from gold trading, it may seems difficult but guess what in this world there's no gain without some pain and as we grown up ( easy come easy go ) for that we will help you on Gold Arabia to get the most gain with the less pain based on sharing our real experience with world, without asking for money or affiliating it's totally free ... we trying to help youth and juniors taking the steps towards being rich! [caption  Gold trading tips in MENA region[/caption]

Gold trading tips in MENA region

What's Gold?

150,000 years ago when people starting to create clans and groups away of the Adam's main family, trading was the only way to get your needs on earth so if you need any product or groceries from other one who own's it you have to exchange it with one of your or offering a service to him.

Then in 560 BC, Asia Minor introduced the first fold coins, as a method of payment instead of offering services or exchanging products, through back to those days, coins wasn't on the same template we know now firstly it was manufactured with electrum which is a naturally occurring alloy mixed of copper, gold and silver and after heating it they was stamping it according to their logo (flag symbol).

Electrum coin from Cyzicus, Mysia, early– mid 4th century BC gold trading history

Electrum stater, Carthage, c.  300 BC gold trading history

ttes of Lydia, 610–560 BC gold trading history

Electrum coin from Ephesus, 620–600 BC gold trading history

So starting from discovering gold it becomes the most valuable material on the world, even if now days all countries moved to paper instead of materials but the gold still valuable and the main measurement for the value of money like in some countries as Egypt for example.

Also we can't neglect that gold master 25% of the jewelers manufacturing, the same as using it in the complex technologies so between past history and present gold still valuable and the best investment on 2021!

Introduction to Gold trading

what is gold trading?

Gold trading is the totally opposite of hit and run school in trading as it's not a product it's a material!, so it comes under the umbrella of long investments trades, so gold investor persona is related to people how like the safe invest more than taking risks, as the price of gold in MENA region is stable so you can choose it for saving money or playing outside the field in which it moves opposite to the crew whenever the stock market is down gold will go up or in worst case it will stay where it's in the chart.

Why Gold always has value?

The gold value is based on a historical reasons as early hums was totally impressed with this material and how it shine, so the used it in making jewelers, statues and art collectibles like Pharaohs on old Egypt did, also there's some stories about the top of pyramids was covered with gold!

gold trading Saudi Arabia golden riyal

Also there's some other reasons like gold doesn't corrode, providing a sustainable store of value, and humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth, and it has a lot of uses like:

• Uses of gold in jewelers
• Uses of gold in technology
• Gold recycling

so from the beginning of old notions like byzantine empire gold was the main support of the currency, as it used today as a global reserve currency for all countries as Nixon announcement that united state will use the gold standard.

Gold trading future

Actually in trading market there's no thing expected so analysts always analyze history to pretend what may happen in the future for that so let's take the word from investors and actually if you searched their profiles it will include gold and silver invests in a way or another.

[embed]https://www.youtube.com/watch?v=MPYDKwYFzOE[/embed]

Not enough! so did you heard before about preciouses metal future contracts between countries and global investors, if answer is no kindly search for it in our website and check this equation:

Gold is traded in dollars and cents per ounce. For example, when gold is trading at $600 per ounce, the contract has a value of $60,000 ($600 x 100 ounces). A trader that is long at $600 and sells at $610 will make $1,000 ($610 - $600 = $10 profit; $10 x 100 ounces = $1,000). Conversely, a trader who is long at $600 and sells at $590 will lose $1,000.

copied from Investopedia

so as gold is in a relation with world movement like economic and political events, also the us dollar exchanges and new gold discoveries, all of this points help in the potential of getting more profit or losing some on your journey of trading and earning money.

How to start gold trading?

I hope the article is helpful for now also if you still have some questions before taking the decision of trading just scroll down to the comment box and we will reply back to you as soon as possible, it's normal to being hesitant about your decision so never think about it in this way we are here to help and google full of tons of articles and case studies about success stories on gold trading field.

1- Trade gold offline

 Where to buy gold bars offline in mena region gold arabia

Buying gold offline is the normal way for nonexperience digital trading people, and for other it's emotionally more safe to trade offline and keep gold in his pocket (to be honest I'm one of those people), and it totally depends on checking the gold price online and then going to a gold store in your country then buying a (Gold coin, gold ounce, gold half ounce or gold bar) it's totally depends on your budget and it has no reflect on the trading as the trading depends on the total price of gold in market.

Where to buy gold offline? - best gold local stores in the MENA

this guide will represent top gold local stores on the MENA region countries:

Where to buy gold in Saudi?

• Umm Al-Qura Gold and Jewllery
• buraq jewelry
• abdulghani gold and jellweris
• Alfardan Jewellery Saudi Arabia
• Damas Jewellery
• Joya lukkas

Where to buy gold in Emirates?

• Emirates Gold DMCC
• iGold
• Dubai Gold Souk
• Kaloti Precious Metals
• The Rose of Dubai

Where to buy gold in Kuwait?

• Malabar Gold & Diamonds Stores in Kuwait
• Souk Al-Watiya
• Kuwaiti Gold Souq
• Gold souq at Hawally Area
• Salmiya Area Souks
• The central Gold Souk (Souk Al-Dahab Al Markazi)
• The Fahaheel Area

2- Trade gold online

best platforms to Trade gold online gold arabia

Actually I'm not preferring the online trading market, it's refers from one to another and every field whatever your choice has cons and pros but for me having a physical item is awesome but to have it you need at least a budget of golden coin, but in digital gold trading you can start now even if you have just $1 dollar!

Where to trad gold online and buy digital gold?

• Evest
• Avatar Trade
• Exness
• XTB
• eToro

Top tips for trading gold

• Plan your trading: from the first day decided the value of revenue you waiting like win the price increased by 15% i will sell.
• Analyze the market: follow experts check the charts day by day search for the yearly gold price time frames and the sessional trends to know when to sell and the best time for buying gold.
• Learn what moves gold: read, read ,read and read whenever it comes to learning about what moves something you need to study it very well and track the motivations of the item you trading on.

The Pros and Cons of Investing in gold

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Gold investments advantages

• It's easy to buy and sell coins.
• There's a significant potential upside for gold.
• They can't fake it!.

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Gold investments Disadvantages

• Markets charge extra fees for gold coins.
• It's not clear how much price appreciation potential gold might have
• In physical investments it's not safe to keep it in homes!
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The Bottom Line

It's you action no one can take it for you as everyone has his own situation and life style so study the advantages and disadvantages very well read more discover videos and stories check blogs articles and take a small step of trying with very little budget as a beginning even if buying digital gold or physical gold investments, but in all cases remember that gold isn't a fast profit field it's a long way of waiting maybe years to have a good profit for that gold is a safe way of saving more than being investment.