1, simulating account learning to make bills.

Novice investors who have just started to speculate on spot gold should not rush to open a real warehouse account to make orders. They must be patient enough to take it step by step. They should apply for a simulation account for free, first simulate the operation process and the skills of making orders, sum up their experience while simulating and record their daily gains and losses. If you can independently formulate the strategy of making orders in the simulated account, and the daily or monthly profit probability increases or gradually increases, then you can open a real warehouse account and invest a small amount of money, which greatly improves your chances of making money.

2. Strictly stop loss and take profit to control risks.

Whether you are a novice or a senior investor in financial investment, you should establish a loss range that you can tolerate and set a stop loss. When the market fluctuates greatly and the amount of losses reaches the range of losses you can tolerate, you can immediately close your position and avoid huge losses in your account. It is suggested that you set the loss range to 3- 10% of the total account regardless of market fluctuation.

Don't place orders too frequently.

Don't make so little money for small fluctuations in investment transactions. On the contrary, intraday trading is done within a week or a day. It is suggested that intraday trading can be tried occasionally, but it cannot be used as a long-term profit model. Because there is a handling fee for intraday trading, it is basically to get back all the profits you got by luck. Even a slight surplus will only make you more arrogant and crazy. One day, you will fall down or lose a lot.

Step 4 take advantage of the trend to make orders

Generally, the spot gold market fluctuates greatly between 3:00-5:00 pm and 7: 00 pm-12, so it is very important to follow the trend. Novice investors only need to seize a short trend to make orders. Don't lose too much because of small losses. It is best not to hold positions overnight.

5, clear long and short lines

Many investors are generally used to reading daily charts, weekly charts and short-term operation orders, treating the long-term fluctuation trend of gold prices as short-term and the short-term fluctuation of gold prices as long-term, completely ignoring the difference between short-term and long-term trading. This is not correct. If this goes on for a long time, the losses will be bigger and bigger in the future.