Can I Start Gold Trading with $1,000 for Standard Gold Trading Account?
For beginner traders wanting to begin gold trading with $1,000 dollars, the gold trading Standard account option provides them with best xauusd account type option - Open Gold Account with $1000 - Open Live Gold Trading Account with $1000.
The Standard xauusd trading account is a xauusd trading account type where the traders open xauusd trades using Standard lots. This Standard lots are fraction of standard gold lots. Gold traders trading using the Standard Gold Trading Account can make a small deposit for example $1000 dollars deposit and use gold trading leverage provided by the gold trading Standard account to trade the gold trading Standard lots.
For example with the gold leverage option of 100:1, a trader can borrow $100 dollars from their gold broker for every $1 dollar in their account - meaning if they have $1000 in their xauusd account - they can borrow $1000*100:1 gold leverage = $100,000 dollars after xauusd trading leverage. Traders can then use this $100,000 dollars in their margin xauusd trading account to open & trade gold trading Standard lots.
To learn more about xauusd trading leverage & gold margin account - Read the following gold guides:
