First, the simulation account to learn to do single

Just started speculating in spot gold novice investors, do not rush to open a real account into the gold single, must have enough patience, step by step, should first apply for a free simulation account, first simulation to learn the operation process and single skills, while simulating while summarizing the insights, record the daily gains and losses. If you are in the simulation account, can independently develop a single strategy, daily or monthly profitability of the odds have improved or gradually improve, then, you can open a real account, into a small amount of money to operate, so that you greatly improve their chances of making money.

Second, strict stop loss and take profit control risk

Whether it is a novice or a senior investor into financial investment, must establish their own loss tolerance range, set a good stop loss, in the market fluctuations, the amount of loss reached your loss tolerance range, you can immediately close the position, so as not to account for huge losses, it is recommended that usually do single regardless of market fluctuations everyone with or without, set a loss of the range of the best is the total amount of the account 3-10%.

Third, do not trade orders too frequently

Investment transactions to make a single should not be for small fluctuations and earn so little money, and in a week or a day of frequent transactions to make a single, it is recommended that frequent transactions can occasionally try, but not as a long-term profit model. Because of frequent transactions need to charge a fee, basically the profit you got by fluke all back to the vomit, even if a slight surplus, but this happens to make you arrogant and more crazy, and one day you will be physically exhausted and fell or huge losses out.

Fourth, follow the trend to do single

Spot gold market quotes generally in the afternoon 3:00 to 5:00 and 7:00 pm to 12:00 pm time zone fluctuations are relatively large, so it is very important to follow the trend, novice investors as long as to seize a small trend to do a single can, do not lose because of a small loss, it is best not to hold a position overnight.

Fifth, clear long and short term

Many investors are generally accustomed to look at daily charts, weekly charts and short-term operations do single, the long-term fluctuations in the price of gold trend as a short-term to operate, and short-term fluctuations in the price of gold as a long line to operate, in total disregard of the difference between short-term and long-term trading, which is incorrect, long-term operation down, losses will become increasingly large in the future.