The gold market keeps on going, what should newbies pay attention to when investing?

This is a question often asked by many novices. What should I pay attention to when panning for gold? What do I need to know? Today, helped you summarize your knowledge about Spot gold investment. Here are the details of how novices can fry gold.

1. Concerns about news: The price of gold is closely related to international politics and economy, such as Brexit, terrorist attacks and the implementation of the Federal Reserve ’s monetary policy.

These will affect the general trend of gold prices. Without timely information, it will be difficult to grasp the trend of gold prices, resulting in losses.

2. Make full use of technical indicators: The operation of gold prices can usually be judged by technical indicators, and the accuracy rate is generally above 80%. Therefore, a novice must first learn how to use technical indicators to judge the trend of the price of gold and find a suitable position. Effectively increase the winning rate.

3. First, you need to understand the trading rules of spot gold investment: the trading mechanism of spot gold is flexible, but the risk is also greater, and there are different trading rules on different platforms.

For example, there are different regulations on liquidation ratio, leverage, and margin. Investors need to have a certain degree of understanding of the trading rules before entering the market for trading, and try to avoid losses caused by unfamiliar trading mechanisms.

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4. Familiar with market characteristics and transaction analysis methods: there are many factors that affect the price of gold, and some are different from the characteristics of investment varieties such as stocks and funds.

Therefore, before spot gold trading, investors are required to learn the trading characteristics and trend analysis methods of the investment market. It is best to have a period of simulated trading to avoid blindly following the trend and entering the market, which often leads to huge losses. .

5. Formulate a trading plan to draw on the experience before trading: Countless experiences show that without a clear trading plan, it is impossible to gain a firm foothold in the risk market for a long time, especially for novices, this market is profitable.

However, the goal of the novice is not to make money, but to consider how to survive in this market, first consider survival, and then consider making money, so formulating a trading plan can better respond to market changes, and the correct method can obtain the opportunity for expected income.

6. Strict take profit or stop loss: gold investment is not speculation. Investors should determine the profit target and the maximum loss limit in advance, and strictly implement the expected plan.

Whether we can strictly implement the trading plan, strictly comply with profit or stop loss targets, is an important difference between mature investors and disordered investors. They must not be greedy. Remember to be safe, there are many opportunities. Get to the end.

7. Good mentality: Investors are often vulnerable to their emotions and investment trends. Profits are too confident, and losses are too fearful. During the investment process, you should adjust your mentality in time, pay attention to changes, accumulate experience, and adjust trading strategies in a timely manner.