GOLDEN ACADEMY

“Gold Standard” refers to a monetary system in which a country's government allows its currency unit to be freely converted into the equivalent of gold and vice versa. The exchange rate under the gold standard monetary system is determined by the economic difference for an ounce of gold between two currencies. The gold standard was popularly used in the mid-19^th century. Historically, there were 3 forms of the gold standard: Gold Coin Standard, Gold Bullion Standard, and Gold Exchange Standard. Among them, the gold cold standard is the most common form. In short, the gold standard system refers to this kind of monetary system.

The weight of gold or goldware is generally counted in troy ounces. 1 troy ounce is approximately equal to 1.097 ounces, and 1 troy ounce is approximately equal to 31.1035 grams. At present, "gram" is generally used as the measurement unit of gold in China. Although the metric system is adopted, the domestic gold measurement unit is different from the conventional measurement unit "troy ounce" in the international market. Domestic gold investors must first adapt to this measurement difference in units.

refers to the practice of investment that the investors only need to provide a part of the funds as a margin, but they can carry out large transactions beyond their funds, which improves the utilization rate of funds. For example, in international spot gold trading, investor use USD 10,000 as a margin to complete gold trading with the control of USD 1 million of funds. Under normal circumstances, the margin can be regarded as a deposit, and with only a certain deposit is required investor can have the right to trade commodities. The proportion of the deposit is the leverage ratio.

refers to the behavior of investors who are optimistic about a product, stock, futures, currency, etc., and believe that the short-term or medium-to-long-term market is going to be bullish thus buying the certain stock, futures, or currency in the financial market because.

refers to a trading method adopted by investors who are bearish about the future price trend. After the price falls, they choose to buy and close the position to earn profit from the difference.

refers to an order placed to liquidate an open position when the price reaches the pre-determined level to prevent further losses. The purpose is to limit the loss to a smaller range when investment mistakes happened.

refers to the pre-determined price that an order must be closed to realize profit gain. When the market price reaches the Take-Profit (T/P) price, the system will automatically close the position to minimize any possible loss due to reversal price movement.

Generally refers to the trading method that trader hold the long (buy) position and short (sell) position of the same product at the same time, so no matter where the price moves (either rise of fall), the profit or loss will not change. But overnight interest (swap) will be charged for both long and short position.

refers to the interests that generated for the contracts that has not closed on the same day which will be automatically carried over to the following days.

refers to the price difference between Selling Price (Bid) and Buying Price (Ask) at the time of transaction. Spread may change due to drastic changes in the market.

In the London Gold market, the price is quoted in USD and the unit of measurement is counted in ounce. The contract unit of London Gold is 100 ounces/lot.

refers to the two values of non-Farm employment and unemployment rate. As the name suggests, it is a data indicator that reflects the employment status of the non-agricultural population in the United States. These two data are released on the first Friday of each month  at Beijing time 21:30 (Standard Time: November-March) or at Beijing time 20:30 (Daylight Saving Time: April-October). The data will be released by the US Bureau of Labor Statistics.