Concerned about the international situation
In fact, the price of gold is not only affected by the relationship between supply and demand, but also by international political factors. The international gold price is closely related to the international situation, especially the political situation in oil-producing areas, such as the panic in Iraq and the Middle East, which will affect the fluctuation of international crude oil prices. Banks around the world will adjust the gold price appropriately to deal with the crisis. People will also buy or throw gold to meet unexpected needs because of the tense situation, so the international situation is very necessary for speculating gold. Knowing more about the international situation can accurately predict the market trend and grasp the profit opportunities.
Choose the right time before you shoot.
Speculation in gold is a large transnational market, and the timing should not only consider domestic factors, but also care about foreign markets. Bian Xiao of eLong Finance told novice gold speculators an unknown trick of timing: from August to 165438+ 10 every year, India, as the world's largest gold consumer, has many religious festivals, and many women will choose gold ornaments to decorate themselves, so the demand for gold in India has surged at this time. Besides, Thanksgiving, Christmas and Spring Festival in China are the climax of gold speculation and good opportunities to sell. Moreover, gold will also rise to a certain extent at the end of each year, and novice investors can cater to the trend and make orders.
Small amount and multiple investment
Because novice investors have just entered the market, they are not very familiar with the market operation, and there are many changes in the gold speculation market, so it is often risky to enter the market in full positions. Therefore, Bian Xiao of eLong Finance suggested that novice investors should not invest too much money, and invest in small amounts in batches first, with the main purpose of practicing their hands and increasing their experience. This method is conservative, but it can protect the interests of novice investors and reduce risks in the most practical way.
Simulate trading and gain a deep understanding of the market.
In order to make the introductory knowledge of gold speculation quickly become your own weapon, you need actual transactions to deepen your understanding. Investors can open simulated accounts for trading, so as to further familiarize themselves with the market, lay a solid foundation, simulate the virtual funds in the accounts, and connect with the real market. Investors can experience the real market at zero cost and adapt to the real market more quickly in the future.