How to buy London gold should pay attention to the following points:
The first step is to analyze and judge the trend of the gold market. Fundamental analysis: technical analysis: analysis conclusion: the price of gold goes up and the price of gold goes down.
Step 2: Trading opportunity (placing an order) resistance level 1 USD resistance level 2 USD support level 1 USD support level 2 USD buying price/selling price USD.
Step 3: Determine the ratio of risk cost to expected profit (profit-loss ratio) 1: 2.51:31:4 Custom1:
The fourth step, the most important thing in London gold trading is to choose a formal London gold trading platform. Many regular London gold trading agents in China and A-level and C-level members of China Gold and Silver Exchange support London gold trading services. Among them, AA is the highest level member platform, where investors can choose one to open an account and invest in gold. After opening an account successfully, they can start trading Loco-London gold.
Step 5: Set the stop loss point and profit point of the transaction. Profit position 1 USD, profit position $2, stop position 1 USD, stop position $2.
The sixth step is to choose the closing strategy and skills in the transaction. A. When the gold price reaches the profit position of 1, the closed position will be profitable (1/3 or1/2); The rest will close their positions when they reach the profit position 2, in order to strive for greater benefits. B. When the gold price reaches the stop loss level, all positions are closed and a stop loss is set.
Step 7: Pay attention to the information that affects the price of gold.