Many people use to invest their saving in the Comex Silver and Gold Market to increase their savings and enjoy it with more luxury in future. Indians love to put their money in the precious metals and therefore when it comes to the capital or stock market, they opt for Gold and Silver. We not only use these special alloys as symbol of dignity and pride (in the form of jewels) but also accept as a way to generate profits in the investment sector.
Who can invest in Comex Market?
Any individual, interested in trading and having information regarding the factors affecting the prices can involve in this business. There is no educational qualification is need for it. Many old business men to the technical experts from new generation taking interest in this field. They prepare their own strategies according to their experience, knowledge and resource availability to achieve success in the same.
Difference between Comex Gold and Comex Silver
There are people who are not involved in this trading having some sort of misunderstanding regarding to this field. First of all, there is no physical delivery or trade of any alloy (like in the form of coins or bars), only shares and stocks are traded online. This means after closing of the deal one can get the amount in their accounts, all in the form of cash not any substance.
Trading in Gold differs from silver. People having big amount giving priority to Gold because simple movement generate the difference of huge money as return. Traders having comparatively less money go for Silver. It generates quick returns because the fluctuation in Silver is very high so one can earn within a day. The profit is less but quick in silver. On the other hand, fluctuation in gold is very low, you will observe minor change in a day but profit comes in bulk quantity.
Factors affecting Comex Market
Any change in the market is happen due to some reasons. The factors which affect this place are:
News from US : Any data update from US affect the prices in the whole market.
Dollar Prices : When the value of this currency falls, value of precious metals goes high and vice verse.
Crude Oil : It plays an inversely proportional substance. When price of oils goes higher their prices falls and when oil falls its price rise in the market.
Benefits of a support system
If a person is not having enough time to track the trends of this sector or he/she is new to the trading business then it is very important to have the support of the skilled people of this industry. Thus it is profitable to take services of a financial firm through which the recipe of the success can be learned.