First, blindly follow the trend of investment
There are many factors that affect the gold trading market. Among many factors, investors' psychology of following suit still accounts for a large proportion of the market. Generally speaking, investors with this kind of trading psychology will have a sense of gap when observing other investors buying or selling gold, fearing to be pulled away, and then they will buy and sell in a hurry, which is what the public often says.
Under this psychological effect, as long as there is an accident in the market, the price of the gold market will be unbalanced, which will lead to violent price shocks, and investors are more likely to be taken in by malicious people. Therefore, investors must have their own investment ideas and don't follow suit at will.
Second, greed is endless.
It is a matter of course for investors to profit from speculating in gold, but excessive greed can easily lead to investment failure. The most common investors are those who will not give in once they see the gains. They can't control their desires at all, and it is these people who are finally annoyed. Therefore, investors should believe in the power of analysis and control their greed.
Third, treat the transaction as a gamble.
Investors with this mentality often fantasize about getting rich overnight, so they don't want to miss every opportunity and always want to succeed in a certain transaction. What investors should understand is that the profit of trading is obtained through technical analysis, not by accidental luck.
The above misunderstandings can be described as the most common morbid trading psychology of investors. In any case, if you want to make a final profit, you must start with self-change. Only by overcoming these pathological factors can you get better and better on the road of speculating in gold.