How to learn to invest in spot gold

Novice gold spot traders generally do n’t know where to start. Many times they look at the investment experience of their predecessors. In addition to drawing lessons, they can find out their own skills. How do novices do good spot gold? .

First, analyze the market. Gold has unilateral and non-directional quotes. Generally, the unilateral market is only for a period of time, and gold has a unilateral rise or fall. This kind of market is best to do, as long as investors do well on dips, or short on dips.

Second, analyze the trend. The second step is to look at the trend. You can refer to the daily k-line, weekly k-line or monthly line, and analyze the long-term factors affecting gold, so as to judge whether the gold segment rises or falls within a period of time. If you enter the market first, without looking at the trend first, blindly chasing up and down, you can only leave the market dismal.

Third, optimistic about the point. After the trend is optimistic, it cannot enter the market hastily. You should choose a good point first, otherwise it is easy to get out of the market shock. For example, gold has always been on the rise, but many long-sellers have lost money. Why, because the entry points have not been selected.

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Fourth, choose the timing. Gold has its own rules. Generally, February to April each year is the off-season of gold, and you can go short on rallies. The May-September shock market tended to be more, and there was a certain increase in the middle. You can sell high and sell low. In the second half of the year, it is mostly the peak season for gold consumption. You can find a relatively low level and do more in the long-term. By the end of the year, there should be considerable profits.

Fifth, control positions. Because only by reasonably controlling the position, you have a chance of stable profit, otherwise, your account will only fail. Generally, 10% of the funds are entered into the market. If your account funds are only 10,000 US dollars, then it is best for you to enter a standard lot (100 ounces) every time, whether it is long or short.

Six, set a stop loss. Generally 2-3 USD is suitable, or below the support point and above the resistance point. Setting a stop loss equal to each order you make may result in account death.

Seven, mind control. It's strange that some customers, when they earn a profit of 100 to 200 US dollars, close out the position, when they make a loss, they still keep 2000 to 3000 US dollars, if they are willing to lose money, they will not make money. This has a lot to do with mentality.