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How to save the handling fee by speculating in gold?

The so-called gold speculation mainly includes physical gold, paper gold , and gold spot gold . Among them, only physical gold can be exchanged for cash bars , but the income is much smaller than that of stocks. Trading operations on electronic software are more common. To speculate on gold , in addition to correctly judging the trend of gold prices , it is also necessary to appropriately reduce investment costs. Everyone knows that gold transactions will be charged a certain handling fee, so how to reduce the handling fee?

  1. Choose an account opening channel with lower transaction costs

It is well known that the gold t+d business of the Shanghai Gold Exchange can be handled by many banks, but the transaction fees of each bank are different, and the proportion of the fees of state-owned old banks is relatively higher.

  1. The level of transaction costs has a lot to do with the style of operation

For a medium-to-long-term trader, the level of handling fees has very little impact on its profitability, because its transaction frequency is very small, and the transaction fee is also very low. For ultra-short-term gold investors , the level of transaction costs has a great impact on profitability, and sometimes it can even determine whether your transaction is a loss or a profit!

Of course, for some technical experts who can accurately grasp some short-term opportunities in the market, short-term trading is also a good choice! For most ordinary investors, if the success rate of short-term investment is not high, coupled with frequent trading, it will speed up the speed of loss!

  1. Change the type of transaction

At present, domestic precious metal investment channels are relatively abundant. In order to gain the favor of investors, platforms compete on transaction costs.