When novice investors enter the spot silver market, it is easy to fall into some investment misunderstandings. If we cannot identify these misunderstandings, it is easy to lose money. Let’s discuss together what are the newbies in the spot silver investment market. Pitfalls that are easy to get into, and how investors can avoid them.
Frequent transactions
The most common misunderstanding for newbies entering the spot silver market is frequent trading. After making multiple profits, due to their expanded confidence, they will want to earn more and frequently open positions, thinking that they can achieve "more work, more gain" in the market. ; When losing money many times, they trade frequently in the hope of making money back because they are unwilling to do so. In fact, these are all trading misunderstandings. There are often opportunities to invest in spot silver. Newbies should choose the market trend that they have a higher degree of confidence to trade. After closing the position, they need to observe the market calmly again and find a suitable point to open a position instead of blindly Make an order.
Buying the bottom and picking the top
If you can buy at a low point or sell at a high point, the profits you can usually get are very high. Therefore, many novices prefer to buy at the bottom and reach the top because they hope to squeeze out the profits from the market. However, the price of spot silver changes with the changes in the market. No one can be prepared to know where the top is and where the bottom is. Therefore, novices should try to follow the trend when investing in spot silver. Without experience, it will be difficult to find the top by buying the bottom. Profitable, and may accurately capture the top and bottom.