Novices should consider three aspects when planning gold futures trading: fundamental analysis, technical analysis and fund management. For beginners, learning to survive is more important than making money, and the key to survival lies in mastering effective fund management methods and setting up stop-loss schemes.
First of all, Man Cang operation should be avoided, and the funds occupied by overnight positions of a single variety should be within 1/3 of the total funds.
Secondly, stop loss should be strictly enforced. The intraday fluctuation of gold price is less than 2%. According to the historical fluctuation characteristics of gold price, investors can set the stop loss near the upper limit of daily fluctuation range. For short-term trading investors, if the daily volatility exceeds 5%, they should profit from the position. For medium and long-term investors, we must first judge the general trend of the market, and then design the investment ratio according to our own amount of funds. At the initial stage, investors can put about 30% of their capital into the market, set the profit-loss ratio at 3: 1, and stop when the loss reaches 30% of the expected profit.
In a trading plan, taking a transaction as an example, we should first judge which fundamental factor dominates the market, and then analyze the market's expectation of it and how this expectation is reflected in the price. Technically, you should decide what price to enter the market, what price to take profit, what price to stop loss, how many positions, whether it is intraday trading or trend trading, and what to do if there is a sudden change in intraday trading.
It is very important to make a trading plan, which should be strictly implemented during the trading process.