How to do the first step of opening a position for a novice to fry gold ? In spot gold investment, the first step is to open a position, which is also the key to making a profit. Everything is difficult at the beginning, and opening a position is more skillful. A good position can quickly make a profit, and a bad position can make less profit and even cause losses.
- See the position to make a break and stop loss
When gold is trading and finds that the trend is rising, it is necessary to wait for the price of gold to return to an important support level before buying, and then stop loss after an effective breakout. If you are doing short-term trading, you can sell and close the position on the upper rail of the ascending channel, patiently wait for the price to rebound in the downward trend, and sell short when the price rebounds to an important pressure level, effectively breaking the stop loss. For the same reason, this method of selling and closing positions at the lower rail of the descending channel is also applicable.
- Boldly make contrarian orders
In the past, many coup strategies for speculating in gold and opening positions told investors that they must follow the general trend to make orders in order to reduce risks and increase profits. Today, I want to tell you a way to make orders against the market: when the market has big waves, cycles, and proportions running to a reversal point at the same time, it is a good time to make orders against the market.
But it is worth noting that at this time, ordering against the market must be a wet warehouse action, and you must place an order with a loss. The stop loss can be enlarged, but do not set a stop loss. After all, there is a risk in making an order against the market. Stop loss The interests of investors can be protected. This method is only suitable for investors who are familiar with the rules of the gold speculation market, have solid technology and rich experience, and do not try it easily for newbies.
- Never make a full order
Some investors like to take risks, and always want to put all their net worth and give it a shot to maximize the benefits of their funds. However, investors need to be careful. Even if they encounter a once-in-a-million investment opportunity, they should not fill their positions. At most, they only need to invest 50% of the funds to trade. They should leave enough funds for hedging and margin to maintain a calm mood. , and leave a way out for himself.
Even if you have full confidence, you can’t fill your position. The reason is that the gold market is volatile, and a little negligence is likely to reverse the situation. Therefore, never make a full position.
No matter which one investors choose to use, there is a premise, that is, they must wait patiently for the best time to enter the market, because if you don’t wait for a good time to make a move, you may see the right trend but cause losses, so Gold investors should use these tips flexibly according to their own investment environment.