How to improve the skills of spot gold trading?
Gold investors can improve their trading skills through learning, and ultimately achieve the goal of improving profitability. How to improve the skills of spot gold trading?
Remove the gambling factor in the transaction
Although the gold trading market is not a casino, it is impossible for investors to make a transaction that is completely free of gambling factors, because there are always external factors beyond the investors ’control in the market, such as terrorist attacks or huge warehouse receipts that suddenly appear in the futures market. .
Therefore, in London gold trading, the only thing investors can do is to think as much as possible before trading, to formulate a perfect trading plan, and then persist. In the long run, as long as each transaction enters the market with a higher odds, the gambling factor in the transaction can be removed.
The trend line determines the direction of the transaction
In the London gold chart, investors should draw a trend line according to the market trend in the past three months, in order to identify what the main trend of the market is, whether it is rising, falling or oscillating, so as to determine the basic trading strategy.
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Of course, if the investor finds that the gold price has effectively fallen below the upward trend line on a certain day, it means that the trend may have changed, so the idea of going long should be changed to a short direction.
Short position is not a sin
Frequent trading is a common problem for many London gold investors, especially for newcomers. In fact, unlike the understanding of many investors, short positions are also a strategy for holding positions. Instead of trading non-stop, investors should wait patiently for the perfect model, even for short-term intra-day traders.
In London gold trading, finding the trend, choosing the timing, waiting for a callback, not being impulsive, and not being sloppy are the real "virtues". When investors can find a reasonable explanation for each of their transactions, the number of transactions will automatically decrease, and the transaction will have a better return.
Remove the gambling factor in the transaction
Although the gold trading market is not a casino, it is impossible for investors to make a transaction that is completely free of gambling factors, because there are always external factors beyond the investors ’control in the market, such as terrorist attacks or huge warehouse receipts that suddenly appear in the futures market. .
Therefore, in London gold trading, the only thing investors can do is to think as much as possible before trading, to formulate a perfect trading plan, and then persist. In the long run, as long as each transaction enters the market with a higher odds, the gambling factor in the transaction can be removed.
The trend line determines the direction of the transaction
In the London gold chart, investors should draw a trend line according to the market trend in the past three months, in order to identify what the main trend of the market is, whether it is rising, falling or oscillating, so as to determine the basic trading strategy.
Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.
Of course, if the investor finds that the gold price has effectively fallen below the upward trend line on a certain day, it means that the trend may have changed, so the idea of going long should be changed to a short direction.
Short position is not a sin
Frequent trading is a common problem for many London gold investors, especially for newcomers. In fact, unlike the understanding of many investors, short positions are also a strategy for holding positions. Instead of trading non-stop, investors should wait patiently for the perfect model, even for short-term intra-day traders.
In London gold trading, finding the trend, choosing the timing, waiting for a callback, not being impulsive, and not being sloppy are the real "virtues". When investors can find a reasonable explanation for each of their transactions, the number of transactions will automatically decrease, and the transaction will have a better return.
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