What are the important operating experience of spot gold trading?

In the spot gold trading market, it is not that the more time and the longer the investment, the longer the investment, the more mature the investment approach and the more profitable it is.

In addition to training the ability to analyze the market, we can also refer to the trading operation experience of some excellent investors to improve our level. What are the important operating experiences of spot gold trading?

1. Do a good financial management budget

To put it simply, don't put all your money into the market. Because trading with living funds, excessive financial pressure will mislead and affect your investment strategy, and transaction risks will also double.

Second, make good use of demo accounts

What are the important operating experiences of spot gold trading? In fact, for novice investors, it is usually best to spend some time on gold investment simulation exercises.

In simulated trading, you can constantly find flaws in your investment strategy based on the results of the transaction, but you don’t need to invest any real money, which helps us polish our investment skills before conducting real transactions.

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Third, the transaction can not rely on luck

In spot gold trading, even if you make profits frequently, you must not be paralyzed. You must formulate and adjust the trading plan in a timely manner according to market conditions, and do a good job in technical analysis to grasp the entry and exit points.

Fourth, strict stop loss

Make good use of the stop loss mechanism, which can well avoid huge losses of funds. Generally, the stop loss is best set at 3-10% of the total amount of the account. When you find that the amount of loss has exceeded the acceptance range, do not hesitate to close the position immediately.

V. Controlling the number of transactions

It is unwise to trade too many lots at a time, and it is easy to produce uncontrolled losses. When we are trading, we should measure the transaction volume by the account amount and control the transaction volume within a certain range.

For example, if you have USD 30,000 in your account, then it is best to control the trading lot to about 3 lots, so that you can effectively control the risk.

In general, the important operating experience of spot gold trading is actually based on a biggest principle: capital is always the first. Mastering reasonable investment operation experience can take a few detours in spot investment.