What does it cost to join?

Nothing. You only deposit trading capital with the broker — funds that remain yours.

How do you make money?

The broker pays us a share of the spread when you trade. You pay nothing extra.

Yes. CFD and FX trading involves risk. Past performance does not guarantee future results.

What is the minimum deposit?

Depends on the account type with the broker. Shown during registration.

Can I stop at any time?

Yes. You own your account and can stop copying or withdraw funds at any time.

Which broker is used?

A regulated broker with client funds protected up to USD 1M via a Lloyd's of London-backed program.

Do I need trading knowledge?

No. The strategy handles all decisions.

South Korean Won Strengthened by BoK's Monetary Policy

The Bank of Korea (BoK) has recently executed a second consecutive interest rate hike of 25 basis points, bringing the rate to 3.0%. This move strengthens the South Korean won (KRW) against the US dollar (USD). According to Commerzbank, this monetary policy stance has positively impacted the KRW, especially following its significant appreciation since June.

How Does This Affect the Gold Market?

A stronger KRW could reduce demand for gold in South Korea, as a stronger local currency makes gold priced in USD more expensive. Additionally, higher interest rates might lure investors away from safe-haven assets like gold towards more interest-bearing investments.

Automated Trading and Gold

For the average investor, keeping up with such complex interrelations and their impact on the gold market can be challenging. This is where automated trading comes into play. By utilizing algorithms and advanced technology, automated systems can quickly respond to market changes, which can be crucial for managing gold investments effectively.

Join aiforex for free and get access to automated trading with a public track record since 2024.