People who trade frequently have become accustomed to the various fluctuations in the market and can withstand any various price changes. Since you plan to do gold trading, you must understand some of the conventional gold investment rules, otherwise it will be too late when you lose money. Regarding its specific content, why not come and have a look!
First: Do a good job of analyzing the gold market in advance, and be able to understand the trend of transactions. As a gold investor, the first thing to do is to understand the market conditions at that time and analyze the future development trend of gold by the way. If, after analyzing the market conditions at that time, a more suitable time period is found, then proceed to trade. In the gold investment rules, trading in accordance with market development trends is a particularly important one.
Second: Learn to use relevant software for analysis. If you want to make a good investment in gold, you must learn to use software to conduct a rational analysis of the market conditions at that time. These software will use the charts at the time to analyze multiple technical indicators, and from the final conclusions, let investors decide how to do future transactions.
Third: Be able to identify support and resistance levels, and cleverly grasp the timing of transactions. Because support and resistance levels play a relatively large role in gold trading, you must be near these positions if you want to trade. Sometimes support and resistance levels will reverse, so investors have to pay attention to this situation in order to make a reasonable move.
Fourth: Do not neglect the analysis of fundamentals and always pay attention to current affairs news. If you want to be a good investor, you can't just use technical analysis and ignore fundamental analysis. Because sometimes, in the gold trading rules, fundamental information is particularly important, and it may affect the entire market.
Fifth: Follow the trend and don't operate against the trend. Buying at a high price and selling at a low price are the rules that the gold trading market has always followed. Investors should not violate this rule, or they will be detrimental to their transactions and will often be on the cusp of the storm. This requirement mentioned in the gold trading rules, I hope that traders will not easily violate it. In the 10 years since its establishment, Leading Precious Metals has won the "Top Ten Most Active London Gold/Silver Dealers" award for four consecutive years, and has also won the "AAA Credit Enterprise in China's Financial Services Industry" certification, "Extraordinary Precious Metals Trading Platform" and other authoritative awards. Leading advantages have established industry benchmarks and won high praise from all walks of life.