It is a traded product offered by LIFFE and is 400 ounces of 99.5% pure gold bricks stored in vaults under the City of London.
How to buy London gold?
The following is a small series of suggestions: 1, strictly prohibited heavy warehouse (how much pot, you under the number of meters) I will list this as the first, because only reasonable control of the position, you have a stable profit opportunity.
Otherwise, your account will simply fail.
Generally, 10% – 20% of the margin into the market.
If you only have $10, 000 in your account, you’d better make a standard (100 ounces) order each time, either large or short.
Below BETTER CIRCUMSTANCE, ENTER THE MARKET TO BE SHORT TO HAVE PROFIT BELOW CIRCUMSTANCE, OK 0.5 HAND ONE PLUS ONE PLUS WILL DO, POSITION DOES NOT EXCEED 2 STANDARD HAND.
On the contrary, if you are losing money, don’t add to the market unless you have hundreds of millions of dollars to support it.
Similarly, for a $5000 account, it is best to make a 0.5 order.
2, take advantage of the trend for some people all day thinking that the market fell so much, should be a bottom, so many single entry, or in thinking up so much, should be the first, so into the sell order.
The market tends to disappoint these people. Why?
Because the market does not take for granted, the market has its laws.
I have a skill before entering the order, look at the market is more biased short, after a small pullback trend into the market to do.
Chasing gains is not feasible, pay attention to skill is important.
For EXAMPLE: THIS YEAR’s PEAK OF $1032 / OZ, is it the top, there is no room above?
In 1980, gold peaked at $850 an ounce due to the Gulf War.
At that time, the inflation index was 100. Now, the inflation index is up to 217. At that ratio, gold has at least $800 more to go.
More investors, long-term gold to 2000,3000 or even 5000 dollars/oz.
So gold’s bull market will continue for at least another decade.
Moreover, GOLD HAS a buying mechanism, can buy up can also buy down, no matter gold price is up is down have the opportunity to gain admission.
Strictly speaking, I personally don’t think there is a “bull” or “bear” market.
So it is very critical to make a single homeopathic, cut irreversible market chasing positions.
3, strict stop loss is generally appropriate for 3 dollars, or below the support point, above the resistance point.
Why to set up a stop loss, I give an example: my company has such a customer, an account of $5000, two months down to do well, never set up a stop loss, so that many of the original loss to stop the order into a profit, a down to earn more than $5000, the account doubled.
Later in the 641 wave of the market, the short order resolutely did not set a stop loss, this order lost his $10, 000.
Not placing a stop loss means that every time you make a move, the account may die.
A stop loss can be a good way to control the risk and prevent losses from widening.
Take small risks (losses) to make large profits.
General stop loss 3 pieces, and stop to win 8-10 pieces.
4, according to the point of warehouse building this point is also more critical, before the warehouse must be clear where the support point and resistance point are respectively.
More than a single support point above a dollar or so to build positions, or in the strength of the break above the resistance point when entering.
And the empty single in the resistance point below a dollar or so to build a position, or down to break the support point when entering.
Multiple stops are generally set at a dollar below the corresponding support point, while short STOPS ARE generally set at a dollar above the corresponding resistance point.
Our company will provide customers with operation advice three times a day (if the morning and afternoon gold prices do not change much, then twice a day), each time will provide a specific operating point or operating range.
In the box can be high low residue of a venomous insect, broken box for the occasion.
5, fall into the bag for safety (greed, fear) in gold investment, remember too greedy, suggested that we make a single before the market at that time to their next target profit, if to their own heart point firmly open position.
Or set the target profit according to the operating advice we provided.
Remember to see it seems to rise or fall and blindly defend, would rather make a profit to close the position, will earn into the pocket, have the opportunity to chase.
Because many of our investors are generally doing super short – term, pay attention to is fast.
Often the fluctuation of the gold price is very fast, if you want to hold on to the psychology of luck, perhaps the moment from profit into loss.
After the loss is more reluctant to flat, thinking of a pullback, and do not set a stop loss, the result is a bigger and bigger loss, so that the more and more deep set.
Eventually they had to lock the barn or cut the meat.
6. Plan (limit price operation) Make an order plan according to the operation suggestions provided by us before making orders every day.
Specific in what point to do, do much or short, how many target profit to see and so on.
Then act according to your own plan, to the point of the plan to do, otherwise do not do.
Better miss than do wrong.
Because the market is changeable, even if the market is soaring, among them will pull the pillar, there is a decline, so often in this case, many investors began to fear, panic, so that wrong.
So stick to the plan, and if I make a mistake, I’ll take it.
In this way, fear and tension are not generated.
If you can’t effectively control yourself to do as planned, it is suggested that you can use the way of price limit.
Perhaps YOU HAVE SOMETHING TO NEED TO LEAVE, AND THE POINT IN THE PLAN HAS NOT APPEARED, ALSO CAN USE LIMIT PRICE TO BUILD STOREHOUSE, WANT TO SET STRICTLY ONLY GOOD STOP LOSS, STOP WIN, DO NOT HEAVY STOREHOUSE, DOING SO DOES NOT HAVE A PROBLEM.
Many investors stare at the plate very late every day, very hard.
I personally think, if the use of limit position, strictly set good stop loss stop win, it is completely unnecessary to have been staring at the plate until very late.
Just look at it once in a while.
Unless it’s a big market.
The above is about the “London gold how to buy” related introduction