First of all, individual investors should have knowledge reserves and psychological preparation for gold speculation.

The degree of openness of the gold market is between that of foreign exchange and stocks. Gold speculators can neither look out and focus on the international political and economic situation like foreign exchange financial management; nor can they focus on the international political and economic situation like stock traders. Don’t listen to what’s going on outside the window and only care about the domestic financial market; gold speculators must pay attention to the factors that affect the price of gold from both the international and domestic financial markets, especially the exchange rate changes of the US dollar and the revolutionary regulations on gold speculation policies in the open domestic gold market. . Although gold is a financial management tool for value preservation and hedging, as an investment and financial management tool, there are certain risks. Therefore, individual gold speculators should also be mentally prepared, that is, the expectations of investment profits and risks. In the international market, the movement of gold prices is still a wave rolling on the sea. Its ups and downs affect our emotions and financial management decisions. Only those who are mentally strong, step out of themselves, and dance on the top of the waves are the ones who speculate in gold. The winner is the winner in the financial market.

Secondly, it is crucial to choose the type of gold you invest in, because different types of gold financial tools have different risk and return ratios. Investment in gold is mainly divided into two types: real gold trading with physical delivery and gold certificate trading without physical delivery. The purchase and sale of physical gold requires payment of storage fees and inspection fees, etc., and the cost is slightly higher; gold certificate-based trading is commonly known as "paper gold", and its trading form is similar to financial management tools with virtual value such as stocks and futures. Gold speculators must clearly understand the trading time. , transaction methods and transaction details. Physical gold is also divided into many types. Different types of gold have different investment techniques. Commemorative gold bars and gold nuggets, which are somewhat similar to cultural relics or souvenirs, command a relatively high premium, while gold bars and gold nuggets with low investment and processing costs can enjoy better liquidity. There are more choices for investing in pure gold coins and it is easy to cash out, but it is difficult to keep them. You can also invest in gold and silver commemorative coins, which usually command higher premiums in the secondary market. Depending on their hobbies, individuals can also choose to invest in gold jewelry, but the price of gold jewelry plus taxes, manufacturers, and wholesale retailers' profits is much higher than the price of gold. Moreover, gold jewelry will wear out in daily use, thus consuming its value. When choosing gold investment varieties, these advantages, disadvantages and differences of different varieties should be carefully considered.

So what aspects should we pay attention to during the investment process?

When funds are relatively abundant, it is feasible to arrange 20% of the funds to capture long-term profits and 80% of the funds for short-term transactions

Trading In terms of gold, you first need to formulate the number of orders and reasonable profit targets based on your own financial situation, and then determine the possible short-term direction of gold based on gold's own technical trends and related markets, such as oil, US dollars, euros, etc.< /p>

Normally, we still need to pay attention to the data and news released by the United States and Europe every day, and use this as a reference pointer for short-term speculation. My personal method is to take the theme news as the direction for unilateral market and conduct band operations; during the consolidation market, short-term operations are the main method, set reasonable targets and stop losses according to the market band, and implement it with strict self-discipline

1. Remember that becoming a profitable trader is a journey, not a destination. There are no traders in the world who only win but never lose. Try to trade better every day and have fun with your progress. Concentrate on learning the skills of technical analysis and improving your trading skills, rather than just focusing on how much you win or lose in trading.

2. As long as you do the transactions you should do according to your own trading plan, then congratulate yourself and feel at ease with the transaction, regardless of whether the transaction is a profit or a loss.

3. Don’t be too complacent when you make money, and don’t be too downcast when you lose money. Try to maintain a balance and take a professional view of your trading.

4. Don’t expect that this or that will happen in the transaction. What you are looking for is a thoughtful consideration of the facts, not mere speculation.

5. If your trading method tells you that you should make a transaction, but you fail to execute it, miss an opportunity to make money, and can only sit on the sidelines, the pain will be far greater than if you make a decision based on your own The pain caused by entering the market with a trading plan but losing money in the end.

6. Your own life experience shapes your understanding of trading. If you lose money on the first transaction you make, there is a high chance that you will not be involved in the market for a long time, or even never touch that product for the rest of your life. The psychological impact of losing money and failure in placing orders is greater than the physical pain, and the impact lasts longer. If you don't get hit by a failed trade, losing money on a trade won't have such a negative and lasting impact on you.

7. Educational experience plays an important role in shaping the way traders view futures trading. A formal business education can give you an advantage in understanding the general state of the economy and markets, but it does not guarantee you will make money in the markets. Most of what you learn in a formal college education will not provide you with the specific knowledge you need to become a successful gold trader. To be a winner in gold trading, you must learn to perceive opportunities that most people are blind to, and you must tap into the knowledge that is essential to successful trading.

8. Arrogance and pride in making money can lead to bankruptcy. Making money can lead to heightened emotions, which can distort one's view of reality. The more you earn, the better you feel about yourself, and you are more likely to be controlled by arrogance. The thrill of making money is what gamblers need. Gamblers are willing to lose money again and again just for the pleasure of making money once.

9. Always remember that no matter whether you win or lose, one person will bear the responsibility. Don't blame the market or the broker. Losing money provides you with an opportunity to notice what exactly went wrong in your trading. Don't take attacks personally.

10. Successful traders quantify and analyze risks, and truly understand and accept risks. Accepting risk emotionally and psychologically determines your mindset on every trade. Individual risk tolerance and trading time preferences also make each trader different. Choose a trading method that reflects your trading preferences and risk tolerance.

11. Never go long just because the price is low or go short just because the price is high. Never add to a losing order. Never lose patience with the market. There must be a proper reason before making any transaction. Remember, the market is always right.

12. Traders need to listen to the market. To listen to the market effectively, traders need to pay attention to their own trading methods. Likewise, they must pay attention to themselves as much as they pay attention to charts and the market. The challenge for traders is to understand what kind of person they are, and then firmly and consciously cultivate those qualities that are conducive to their trading success.

13. As a trader, the further away from hope, greed and fear, the greater the chance of successful trading. Why are there thousands of people who can analyze technical charts with great skill, but there are so few truly outstanding stock market traders? The reason is that they need to spend more time on their own psychology rather than analytical methods.

14. If a worker wants to do his job well, he must first sharpen his tools. Lincoln also said, "If it takes me eight hours to chop down a tree, I will spend six hours sharpening my axe." In trading, this motto can be understood as: research and learning are very important. . The time spent preparing for a trade exceeds the time spent placing an order and watching the market.

15. The vast majority of traders are not as patient as the market. There is an old adage that the market will do whatever it can to drive most traders crazy. As long as someone bucks the trend, the market trend will continue.

1. Fund Management

1. Never take a heavy position

Generally, the one-time investment only accounts for 5% of the position, and the total investment does not exceed 20% to 30% of the total position

2. Strict stop loss

The function of stop loss:

Reduce losses

Protect profits

Reduce operations

Stop loss methods:

Absolute stop loss

Price stop loss

Technical stop loss

Psychological stop loss

3. Do not add dead codes

Be brave enough to bear losses when judgment is wrong, without adding more code to dilute the cost.

4. Do not lock up positions easily

Behind locking up positions is often the fear of losses and heavy positions.

Friends who are interested in the information and technical aspects of gold, and friends who want to make gold, will discuss the trend and regularity of gold together