Why does selling cost money – trading?

Question

I'm not very familiar with trading yet. Can someone explain how it works?
I thought when you sold, you sold what you bought?

For example, if I want to sell 20.00 troy ounces that I have not yet purchased, why do I have to pay a margin of € 1,743.04 ?

I thought you could only sell what you had already bought?
And why is there “close position” and “sell”? I thought sold meant close position.

Can someone explain?
Thank you

lottootto99 · Answer

Because the betting provider - nothing else is Plus500 - so his money deserves. You don't really buy gold, you bet on the courses.

annastark · Answer

You can also "sell" trades without having it, call yourself short-selling.

You rely on falling courses, so you buy the product again when cheaper and then you are against without the position, with profit as you have made profit through the falling price.

You can also close position when you are in short by buying and closing the position

verreisternutzeriaq50lidulz5osf7teiv · Answer

Is the profit for selling and buying the same? So what is different when selling to make profit than when buying?

annastark · Answer

The profit is the same, only the reverse. So for shortselling (sales) you have 10% prize at 10% price loss, At Long (purchase) you have 10% gain at 10% price increase. (depending on fees)

verreisternutzeriaq50lidulz5osf7teiv · Answer

So if I want to close something sold or bought again, do I have to close position or can I also press on selling?

annastark · Answer

I do not know your broker, but you can only close an existing position in the depot, whether short or long. If you don't have them, you have them as a short purchase (or "sale")

guenterleipzig · Answer

Well-meaning advice: leave your fingers, of things you don't fully understand. It is also that you do not trade gold, but a high-risk derivative that refers to the course of gold.