Practical tip two: control positions. Before speculating on gold, investors should first allocate their investment funds. To be clear, the size of the investment capital is related to the investor's own psychological affordability. If the position is too large, once the market reversal, it is likely to cause huge losses to investors, thus increasing the psychological pressure. In the case of stressful maneuvering, the error rate tends to increase dramatically.
Practical skill three: stop loss and take profit settings are very important. Before placing an order, the investor needs to first according to the real-time market and capital situation, to a good stop loss and take profit value. After the order, to fill in the stop loss and take profit price in time. The advantage of such a setup is: If the market is not to their expected trend development, set the stop-loss order, you can reduce the loss; and set the order of the take-profit, you can keep the existing profit in the shock market, to avoid turning profit into loss.
Practical skill four: choose the best entry point. Although it is said that spot gold trading is to have a two-way trading system, that is, both can buy up, can also buy down. But in fact, spot gold has four kinds of operation, respectively: low more, high more, low short, high short. All four modes are available when the market is unilateral. However, if the market is a shock trend, do not do low short or high more operations, which will result in chasing high and killing low, it is easy to cause losses.
Practical skill five: avoid operating frequency is too high. Some people think that spot gold since it is T + 0 mode of operation, why not operate all the time, there is always the probability of profit, this idea is not desirable. Although speculation in gold can be traded 24 hours, but if there is no careful analysis and arbitrarily fast in and out, often the proportion of losses will be larger than the proportion of profits. Investors should control the frequency of trading to avoid the loss of technical analysis errors.
Practical skill six: investment mentality control. Indecision, too greedy, too arrogant and other mentality, in the investment must not appear. Suffering or insatiable, will only make the investment error rate rise, and ultimately result in the turn of profit for loss or all the way to the loss of the situation. If you want to invest successfully, it is very important to develop a smooth investment mentality.