What should we pay attention to when trading spot gold?

Spot gold trading is a trading behavior in which the price of gold rises and falls, and we earn the difference by buying or selling gold.

In the process of spot gold trading, we will also encounter many trading processes. For novice investors, it is easy to lose money in the transaction without paying attention to details in the early stage. So what should investors pay attention to when trading spot gold?

1. See the pricing unit clearly

Generally speaking, spot gold trading is in line with the international market, using Dow Jones International quotation, based on the spot gold price in the London gold market, with "USD/oz" as the denomination unit, which is also the most common quotation method on our trading platform.

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Therefore, buying and selling gold spot, we must first see the pricing unit, not Zhang Guanli Dai out of oolong. For example, if you make a Hong Kong dollar transaction, the real-time Hong Kong dollar quote is 11509 Hong Kong dollars/ounce, but if you read the international quote of 1470 dollars/ounce wrong, then there will be a big problem when trading!

2. The trading time is best between 8pm and 12pm

Although spot gold trading uses 24-hour trading, we can trade freely anytime from Monday to Friday.

Generally speaking, during this time, the gold market is vulnerable to new international news, resulting in a clear short-term unilateral trend. We only need to seize the short-term trend to stabilize profits.

In other time periods, unless new international news appears, the market will be in a state of shock and callback most of the time. When the market is unclear, the market is rushed into the market. If the market is affected by new international news and the reverse market occurs, the list will lose money.

In general, we do spot gold trading, one is to pay attention to the spot gold pricing unit, and the second is the best trading at 8-12 pm.