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Why do novices lose money when speculating in gold?
1, does not have its own trading strategy.

In addition to making profits, we must also speculate in gold to protect the capital. Many gold investors are not conducive to hanging a stop loss, or not hanging a stop loss. The ups and downs of the market are chasing orders, and the result is always chasing the end of the market. Before placing an order, there was no accurate positioning of the profit margin, and there was a sudden market surprise.

2. Lacking the basic knowledge of gold investment, I heard that this speculative gold market has great profit opportunities, so I rushed into the market, didn't learn the knowledge related to gold investment, didn't realize the risks of gold investment, and even didn't know the trading rules and the use of software. It's hard to lose money without knowing the resources in hand.