Silver investment does not lose tricks

Why do many people make no money in the spot silver trading market? Why do many people always complain why others can make money and they always lose one after another?

In fact, the loss is just because everyone does not quite understand how to manage their own funds. Here is a summary of the following points for everyone, a lot of exchanges.

1. To place any order, there must be a stop loss. Minimizing losses is the fundamental guarantee of long-term profitability. So in order to minimize your loss, any order placed must have a stop loss.

2. The risk/profit ratio should be at least 1:1.5. When you want to place an order, you must think clearly about the possibility of profit and loss.

.3. Don't overload your account. Because spot trading can amplify the amount of funds controlled, the ratio is usually 100:1. Then the function of this capital amplification is like a double-edged sword, and high returns are accompanied by huge risks.

Therefore, prudent investors usually control the maximum loss of each time within 10%, and the profit will be stable and long-term. So our goal should be a good investor, not a speculator.

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4. Accept the failure and divert attention to the next transaction as soon as possible. No one in this world can guarantee that each of his transactions is profitable, so when one of your transactions loses money, forget it as soon as possible and turn your attention to the next transaction.

5. The scale of the transaction is controlled within the range of losses you can bear. Although everyone knows that the transaction amount is more than you can afford, it is a foolish thing, but this kind of stupid thing is still very common among our traders.

The purpose of our silver investment transactions is to improve our quality of life, so we should not use money that we should not use, such as: monthly living expenses, pension savings, and do not borrow money for silver investment transactions.

6. When your trade is profitable, protect the profit you earn. Protecting your profits is another important factor for you to obtain stable, long-term profits. When you are in a profitable position, it is important to increase your stop loss accordingly.

So although you want to hold this position for a longer period of time and get more profits, at least your minimum profit is guaranteed.

7. Set a practical and viable goal. Don't involve feelings and money together. Simply treat each order as a business transaction, and don't involve feelings.

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