When you trade CFDs, you speculate on prices derived from the underlying asset but do not own or deal on the underlying asset itself. Therefore, trading CFDS on Metals means that you just trade the exchange rate of Gold, Silver, Platinum and Palladium against the US Dollar and the Euro.
For example, if you believe that the price of Gold (XAU) will rise against the USD, you may enter a BUY order, and if you believe that the price will fall, you may enter a SELL order. CronoMarkets offers leverage up to 1:200 on Metals which allows traders to gain larger exposure to the market even with a smaller deposit.
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