How do novices speculate in gold for long-term profitability?

With the continuous improvement of people's financial management awareness, many investors have begun to enter the gold market and make various forms of investment.

If you want to win more profits in the spot gold investment market, you must master certain gold investment skills to minimize the degree of risk. What common sense should we know about fried gold?

1. Consider the exchange rate

When the national currency appreciates, people can buy cheaper gold goods in foreign countries, because the price of gold does not move or falls in the domestic market, it does not mean that the value of gold itself will fall accordingly, but it may be the local currency and foreign currency The result of exchange rate changes.

2. Buy in batches

From a strategic point of view, we should follow the upward trend of gold prices, that is, operate in one direction, and insist on buying in the callback. Since the lowest point can be encountered and not sought, it is necessary to buy in batches, wait for the rise and throw, and then wait for the next buying opportunity.

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3. Portfolio investment

The price of gold usually runs in the opposite direction to most investment products. Therefore, adding an appropriate proportion of gold to the asset portfolio can maximize the risk diversification, effectively prevent the asset from shrinking significantly, and even increase the value of the asset.

4. Don't guess the top and bottom easily

There are many factors that affect the price of gold, such as the price of US dollars, the price of crude oil, the price of other commodities, the international political situation, the interest rates and monetary policies of major European and American countries, the increase and decrease of gold reserves, the rise and fall of mining costs, and the increase and decrease of gold in the spot market. and many more.

5. Be cautious in short-term speculation

When speculating in gold, many people always want to fast-in and fast-out, so as to make profits, but the results are often counterproductive. In fact, investing in gold requires considerable analytical skills and more caution.

6. Buy with caution

Gold is a medium- and long-term investment tool, so investors cannot see the short-term trend of gold prices, nor should they be lucky. There are many people in the process of investing in gold, and when the price of gold has risen greatly, they buy it arbitrarily, thinking that it can bring enough profit.

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In fact, although gold has the characteristics of long-term resistance to risks, the corresponding return rate of its investment is also low, so the proportion of gold investment in personal investment portfolio should not be too high.

7. "Pyramid" plus code

"Pyramid" overweight means: after buying gold for the first time, the price of gold rises, and the investment is correct. If you want to overweight and increase investment, you should follow the principle of "the amount of each overweight is less than the last time." In this way, the number of successive additions will be less and less, just like a "pyramid".

8. Don't overweight when losing money

After buying or selling gold, when the market suddenly advances in the opposite direction, some people will want to overweight and do it again, which is very dangerous.

Be extra careful with this overweight method. If the price of gold has risen for a period of time, what you are buying may be a "top". If you buy more and more, and continue to overweight, but the price of gold does not turn back, then the result is undoubtedly a vicious loss.