Here are a few tips for trading London gold
The friend that has domestic stock invests experience for many years perhaps has such feeling: A share is policy city, and the interest tilts to the powerful and powerful, medium and small investor is like the leek that should be cut on the market.
By contrast, the London gold market system is much more fair and transparent, and the fundamental factors that influence the price of gold are open, available to all market participants fairly, and everyone can profit from the market with certain skills.
The first move: wait for the trend to clear before hand
London gold trading is a process of long-short game, in most cases, both sides of the market are in an entangled situation, no one wins or loses, reflected in the gold price is realized as a narrow range of volatility.
In these times, investors had better not profitously into the market, because it is difficult to make an obvious judgment of the market direction, in case the gold price suddenly made a directional choice after the establishment of a position, investors did not do a good job to stop the loss area may be large.
Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.
But if investors wait for the trend to clear before entering the market, not only easier to achieve profits, psychological burden is also less.
Second move: treat important price seriously
The round price, important support and resistance level of gold price are often the areas of intensive transactions in the previous London gold market, or the key psychological price of the market, and it is difficult to break through effectively without strong external incentive.
As a result, when gold moves near these key levels, investors should not simply declare a breakout, but look at how "history" plays out -- even if history does not repeat itself this time, investors should wait for an effective breakout before looking for a second chance.
Tip 3: adjust your trading ideas before the holidays
Although London gold can be traded almost all day, it is made up of three major markets: Asia, Europe and North America, and each country has its own closed holidays.
During the break, global investors have more time to re-examine previous fluctuations in gold prices, so if gold prices rise or fall in the early days, investors will take a more rational view of market behavior, resulting in a high probability of a post-holiday correction.
So when the holiday season ends and trading resumes, investors need to be more observant and responsive to changes in the price of gold than they were before.
By contrast, the London gold market system is much more fair and transparent, and the fundamental factors that influence the price of gold are open, available to all market participants fairly, and everyone can profit from the market with certain skills.
The first move: wait for the trend to clear before hand
London gold trading is a process of long-short game, in most cases, both sides of the market are in an entangled situation, no one wins or loses, reflected in the gold price is realized as a narrow range of volatility.
In these times, investors had better not profitously into the market, because it is difficult to make an obvious judgment of the market direction, in case the gold price suddenly made a directional choice after the establishment of a position, investors did not do a good job to stop the loss area may be large.
Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.
But if investors wait for the trend to clear before entering the market, not only easier to achieve profits, psychological burden is also less.
Second move: treat important price seriously
The round price, important support and resistance level of gold price are often the areas of intensive transactions in the previous London gold market, or the key psychological price of the market, and it is difficult to break through effectively without strong external incentive.
As a result, when gold moves near these key levels, investors should not simply declare a breakout, but look at how "history" plays out -- even if history does not repeat itself this time, investors should wait for an effective breakout before looking for a second chance.
Tip 3: adjust your trading ideas before the holidays
Although London gold can be traded almost all day, it is made up of three major markets: Asia, Europe and North America, and each country has its own closed holidays.
During the break, global investors have more time to re-examine previous fluctuations in gold prices, so if gold prices rise or fall in the early days, investors will take a more rational view of market behavior, resulting in a high probability of a post-holiday correction.
So when the holiday season ends and trading resumes, investors need to be more observant and responsive to changes in the price of gold than they were before.
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