Spot silver, also known as international spot silver or London silver, is a contract-based transaction that uses the principle of capital leverage. It is not like the one-hand delivery and one-hand delivery that we usually say, but requires the completion of the delivery procedures within 1 to 2 working days after the transaction is completed, but some investors do not carry out the actual delivery of silver after the transaction, but only to Close the position to earn the difference profit. So what problems should you pay attention to as a novice in spot silver investment?
Trading hours:
Trading hours of spot silver: 24-hour uninterrupted trading (no transactions can be conducted during the domestic 2-hour settlement period, 04:00-06:00 in the morning), the most intense period of spot silver trading is generally from 3:00 to 5:00 pm 7:00pm to 12:00pm.
Take Profit and Stop Loss:
Spot silver is best not to hold a position overnight. If you have to hold a position, you must set a stop loss price and a take profit price. Do not easily fill the warehouse at any time. The setting of the stop loss price and take profit price of spot silver can refer to the 5-day moving average and the 20-day moving average. Take profit and stop loss are topics that novice investors do not understand. This requires investors to continue to practice and summarize the experience of take profit and stop loss.
Investment Tips:
When participating in spot silver trading, don’t trust your intuition too much, but read more international news, don’t read what others say, but what’s going on in the market.
In spot silver trading, it is necessary to judge the general trend and follow the market. Investors can refer to when making spot silver: if it does not go up when it should go up, it is firmly bearish, and when it should go down, it does not go down.
Spot silver is a T+0 trading mechanism. It is necessary to maximize the flexibility of this mechanism, seize the opportunity to enter and exit the market decisively, and overcome greed (unwilling to sell) and fear (dare to buy).
Spot silver investment mentality:
- Keep the principal
Beginners in spot silver investment must first learn to keep the principal and maintain a good attitude and spirit. If these two things are done, then the investment profit is only a matter of time. When investing in spot silver, you must keep in mind: safety first, capital preservation first, and survival first.
- Long-term vision
If investment clients want to make big profits with small bets and make a lot of money overnight, then this investment concept is wrong at the beginning. Spot silver is an international market and a permanent market, so it is not a cash machine. Therefore, the vision of spot silver investment should look farther, and step by step to accumulate experience in learning.
- Keep calm
People will have emotions and emotions, which will also affect the investment analysis behavior of spot silver. Therefore, when you are in a bad mood, you need to adjust yourself immediately, or take a break and stop the operation to avoid increasing operational errors.