There are three common forms of gold speculation:

1. London gold. He trades 24 hours a day, with leverage and margin trading. You can go long or short, and what you buy or sell is the price of gold. It can be operated with small funds and the leverage can be enlarged to 400 times.

2. Physical gold. Banks sell them. What is bought and sold is gold itself, there is no leverage, and it requires relatively large funds. You can only go long, and you can only wait for the price of gold to hit a new high before selling.

3. Golden T+D. Domestic gold T+D is a gold margin transaction based on the price of London gold and synchronized with the time of stock futures. It can be traded in both directions, and the price of gold is bought and sold. However, the leverage ratio is low, generally only 12 times, and it is not a 24-hour transaction. Many times I see the price of London gold moving, but I can't move my order, and I can't do anything no matter how the price goes up or down.

London gold and T+D buy and sell at the price of gold. They do not have the function of preserving value. The gold bars bought by banks have the function of preserving value, but the ability to realize cash is very poor. It is impossible to operate with small funds. Can't get up. The international financial crisis has not yet passed, and the safe-haven properties of gold have made gold soar. However, any commodity has a price, and buying long gold bars now may not preserve its value.

Comprehensive comparison, London gold is currently the first choice for gold.

How to speculate in foreign exchange and gold?

The most important principle is to buy when the market is rising and sell when the market is falling. It is the simplest and purest truth.

1. After long-term observation and analysis of market conditions, you will naturally develop the so-called market sense, which often has a certain accuracy.

2. When holding currency positions, you should try to maintain the same currency to enhance pertinence. Holding multiple currencies at the same time will distract your energy and affect your judgment.

3. Maintain a good mentality. If you feel that your mentality is damaged, you must stop trading, take a rest, and come back when you think your mentality is better. The mentality of not being forced requires long-term training.

4. When the trend is not obvious, try not to enter the market. There are opportunities to make money every day, so don’t rush.

5. Properly plan losses and profits. If you want to survive and make profits for a long time, you must have a steady stream of money.

6. During the order making process, you must have confidence and patience, abide by the established plan, abide by operating disciplines, and do not change easily.

7. Strictly specify your own trading system, and do not make judgments that you think are smart

8. Consciously cultivate the habit of constantly summarizing, so that you can accumulate correct experience. Correct mistakes and improve trading capabilities better and faster. Some knowledge can be learned from others, while others need to be explored and accumulated by oneself to break through the stage of strength through time.

The most taboo points when placing orders are as follows:

1. Don’t go long because you think the price has fallen too deep, and don’t go short because you think it has risen too high. There is a saying called catching a falling knife, which means just that. Don’t use the price level as the starting point for analyzing and judging the trend. Follow the trend and boldly chase long or short positions. This is exactly my weakness. What's more, they continue to add positions on the wrong orders in an attempt to increase costs.

2. I made too many orders. Although I caught the trend, I failed to maximize profits and kept going back and forth. When I see that a certain order has made $8,000, is it about to reverse? Immediately there was such a doubt in my mind, which was the fear of profits. Psychologically, I still can't achieve calmness.

3. The trading plan cannot be strictly implemented. The original trading plan was to be short on the pound day. After a slight correction, all the short positions that had excellent short positions were immediately closed. As a result, the pound day fell by 240 points.

4. I did not evaluate the risks I could bear. Sometimes I would place heavy positions for the sake of profit, and almost exploded several times.

5. No stop loss is set for all orders. This is a big taboo for making a firm offer

Of course, it is still the same sentence: "Investment is risky, please be cautious when entering the market."

Hope it can help you