Study the markets and trading patterns for a while and practice by making mock trades. When you are ready, try your hand at trading gold futures. You can limit your risk by including a stop sell order with each trade. This is an order to sell automatically if the price drops a certain amount and is a good way to limit your losses and you will lose money on some trades. Successful traders in gold futures are the ones who can limit their losses while taking advantage of profit opportunities.
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Margin Requirements and Stop Out levels
For gold, margin taken for each 1 lot is equivalent to $250. Silver will require $625 for each 1 lot.
Forced liquidation will be enforced for all open positions whenever equity to margin requirement ratio reaches 10% or lower.
At Friday’s end of market session, all accounts under 100% ( equity to margin requirement ratio ) with open position will have it’s open positions liquidated by means of LIFO ( Last In First Out ) in order to fulfil a 100% ratio.
All open positions at each end of day time will be charged with a storage fee called swap. Consult your MT4 terminal to see the valid swap charges. 3-day swap will be charged at Wednesday’s end of day.