Online Forex trading
Q: It is right, you can't sell what you don't possess. But in online trading you actually not dealing with any party directly. It is new technology and electronic trading. The possession of gold is in electronic form. I have a lot of gold I purchased and I can sell that gold through a broker to any person in the world. The electronic possession of gold will be given to the other person and the cash transfer will also take place and I will get my money (profit or loss) through the broker and the person who is buying will also pay the broker. You are not deceiving or lying to anyone. You deal with the broker directly and the broker is known to every trader. In online trading with broker, actually you get possession of that thing in a system which we are going to sell. Every buy should be closed with selling and every selling should be closed with buying. It is new technology online trading. Buying something itself in the system has the physical possession which is online possession because as I sell it, it becomes changed to money which I get (profit or loss). A more easy example is, there is one dealer who is taking care of my gold, and I say him to sell my gold, and he gives me money back. If I want more gold, I purchase and keep with him, which he takes care online (broker). In broker record, I have the possession of that gold electronically (but not physically). I don't see my gold physically but electronically I have possession of that gold and when I want to sell it, I get my money back. In my understanding, in physical business why you can't sell something until it comes in possession because that thing can be defective or have flaws and if you sell, the other person will have a disadvantage and it comes with deceiving and lying. Here you are not deceiving or lying to anyone. It's like a knowledge and study. Good performer gains money and bad performer loose money or depends on the gold market price rates.