Da Tian Trading Platform: What spot gold trading principles can be followed to make money?

SpotgoldAs an investment product, it has a large number of supporters who have been investing for a long time. These investors like the spot gold market because it is both regular and irregular. The rule lies in having a set of principles for spot gold trading, and adhering to these principles will help make money. Irregularly, market changes are difficult to predict, thus providing investors with many opportunities to make money. In the following text, Da Tian will discuss with you the principles of spot gold trading that need to be followed in order to make money?

　　1 The principle of trading according to the trend

In spot gold trading, trading with the flow is very important. When there is a unilateral market trend, taking advantage of the situation can lead to significant profit opportunities. However, investors should pay attention to the special situation in the market. When the spot gold price rises or falls sharply, the market is still in an unstable state. Sometimes, a sharp rise will be followed by a sharp fall. Therefore, when a sharp rise occurs, it is necessary to check whether the subsequent market is stable. If it is stable, it is a unilateral market, and then enter the market with the trend.

　　2 Principle of adding positions

When investors encounter unilateral or major market trends after entering the market, they will naturally consider increasing their holdings. However, are there any principles for spot gold trading that can be followed when increasing their holdings?There is a pyramid principle here. The meaning is that in a favorable market situation, the number of positions added each time is less than the previous one. Adding more positions will result in even fewer positions, just like a pyramid gradually shrinking from the bottom to the top. The reason for doing this is to reduce risk. The higher the price rises, the higher the chance of a rebound, and the higher the risk associated with adding positions. Therefore, gradually reducing positions during adding positions can reduce the risk of sudden market reversal and ensure that one's costs are lower than those in the market. To reduce risk, investors can also use Datian Global's differential account, which only charges the average0.15The difference fee in US dollars, compared to traditional0.5The fixed spread fee in US dollars can better control costs and risks, and maximize profits.

　　3 Principle of opening and closing positions

There is a lot of knowledge about the timing of opening and closing positions, because the spot gold market is very sensitive, so its changes provide many clues for people to open and close positions. In addition to finding support and resistance points to assess market stability, one can also judge based on the dissemination of hot news. Buy news, sell facts. When there is some positive news coming out, the market will rise in response. On the contrary, when the result of this news confirms that it deviates from expectations, does not meet the original market expectations, or when there are new influencing factors in the announced news, the market may react differently. At this time, the market is buried with unknown risks, and investors should first leave the market to observe the trend before making subsequent investments. According to this principle, investors should seize the opportunity to open their positions when there is news, and close their positions in a timely manner when the facts are announced less than expected.

There are many principles for spot gold trading, but more importantly, one should not only be able to write and speak, but also be able to use them in actual trading. Several analysts from the Datian Global live broadcast room daily combine the spot gold market to introduce to the audience the trading principles and trading suggestions they have developed for spot gold, from which investors will gain greater benefits.