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Trading commodities and precious metals like platinum is a popular way to diversify a portfolio. Here's your tutorial for trading the platinum market.
Seasoned traders mitigate risk by diversifying their portfolios. Trading in precious metals like platinum is a sensible way to make sure your portfolio is exposed to multiple sources of risk.
Commodities' values are not affected by the same factors as currencies, so they can often hold value while currency values are falling.
Platinum exhibitis particular volatility, and intelligent traders can exploit this.
Your analysis leads you to conclude the price of gold will appreciate.
You buy 1 contract platinum at the price of 987.06. One lot equals $100 for every $1 movement in the price of gold.