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Thursday, July 23, 2015

Gold Price and Gold Trading in UAE

Gold is one of the most widely discussed metals due to its prominent role in both the investment and consumer world. Gold was also used as the world reserve currency up through most of the 20th century. Even though gold is no longer used as a primary form of currency in developed nations, it continues to have a strong impact on the value of those currencies. Moreover, there is a strong correlation between its value and the strength of currencies trading on foreign exchanges.

The gold market is subject to speculation and volatility as are other markets. Internationally gold price is noted in USD and gold tend to show a inverse relationship to USD. So when the dollar gets strong, the gold price decreases and when the dollar gets weaker, then the gold price increases.

 Although many new large scale gold mines became operational in recent years, the gold production is getting stagnant or low because of fast exploring of easy reserves. Now most of the gold are mined from very deep mines and the production cost is very high. Gold Production is relationship  upon the rate of gold.

Countries like India, China and US are main consumers of gold, mostly as jewelry. The festival seasons, economic growth and investment preferences of these countries greatly affect gold price. Gold is the most popular as an investment.  Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives.

This blog is written for Orient Financial Brokers, an online gold trading broker offering online precious metals trading for traders across middle-east.
Labels: gold, gold broker, gold investing, gold investment, gold price, gold rate, gold trader, gold trading dubai, gold trading uae

Thursday, July 2, 2015

How FOREX Trading Software Help us

OFBs (Orient Financial Brokers) Forex software is a powerful, user-friendly online trading system, setting new standards in online currency trading. Our award winning software allows you to trade all major global currencies, major crosses and precious metals, 24 hours a day. Major features of our system include:

Real Time Prices: Gives you 24 hour access to real-time tradable prices on thousands of global products.
Fast Execution: Provides fast and reliable access to even the most volatile markets.
Real Time Position Keeping: Helps you track your portfolio, allowing you to instantly see account equity, etc

Customizable Platform: Helps you create an unlimited number of screens, displaying all of the information you need to make those crucial trading decisions.

This information provided by Orient Financial Brokers (OFB), licensed and regulated by Central Bank of the UAE since 1997, to conduct brokerage in Foreign Exchange, Commodities and Money Markets. OFB has free demo trading platforms for a fixed period of time. With help of this, traders get familiar with the software and the market, and to test different trading strategies.

Timing is one of the major trading success determining factors, which is often forgotten by novice traders. Actually, according to market timing, the trading strategies can be broadly classified to day trading, swing trading and position trading.
FOREX (Foreign Exchange) is said to be the biggest traded market in the World. Statistics shows that above US $ 2,000 billion total traded volume is happened per day in this fastest growing financial market.

This blog is written for Orient Financial Brokers, a UAE based online forex trading and CFD Trading brokerage firm offering free demo trading and a range of account features
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