The best trading time for paper gold

1. The market is generally light from 5 to 14 o'clock in the morning. This is mainly due to the smaller driving force of the Asian market! Generally, the amplitude of the shock is small and there is no obvious direction. Most of them are adjustments and callbacks. Generally, the trend is opposite to the direction of the day. For example, if the trend of the day is rising, then this period will mostly be a slight fluctuation. During this period, if the price is right, you can purchase it appropriately.

2. 14:00-18:00 is the European morning market. Funds will increase after Europe starts trading, and this period will also be accompanied by the release of some influential data on European currencies! During this period, if the price is right, you can purchase it appropriately.

3. 18-20 pm in the evening is the noon break in Europe and the early morning in the American market, which is relatively light! This period is Europe's lunch break and the eve of waiting for the start of the United States. It is advisable to wait and see during this period.

4. 20:00-24:00 is the afternoon trading of the European market and the morning trading of the American market! This period is the time when the market fluctuates the most, and it is also the time when the amount of funds and the number of participants is the largest. During this period, you will act completely in the direction of the day, so judging this market situation must be based on the general trend. This period is a good time to ship.

5. From 24:00 to early morning, it is the afternoon trading in the United States. Generally, a larger market has emerged at this time. This period of time is mostly a technical adjustment to the previous market. It is advisable to wait and see.

In fact, gold speculators in China have a time advantage that cannot be matched by other time zones, that is, they can seize the most volatile time period from 21 o'clock to 24 o'clock, which is very important to ordinary investors. I am engaged in a non-gold professional job. The period from 5pm to 24:00 is free time, which can be used to make gold investments without being distracted by work matters. As far as I am concerned, my trading habit is to place an order and enter the market between 15:00 and 18:00 in the afternoon and set a stop loss. After that, I don’t have to keep an eye on the market at 17:00, 17:30-18:00, and 20:15-21:00. (Add one hour during winter time) After that, just watch it every 20-30 minutes. Investors who cannot catch up in the afternoon will of course have to wait until the evening to trade, but it is best to wait until after 20:30, which is half the time when the second market starts, that is, until Europe has finished its lunch break and the American market has opened. Be very careful if important data is released. It can be said that God has created incomparable trading time for people in the Chinese time zone, so that we can trade with as much concentration as possible. Everyone must take advantage of it.

Paper gold trading skills

1. Seasonal trading plan

For investors who are not very outstanding in market trading ability, the first thing worth considering is to speculate in gold easily. It is a seasonal trading plan. The biggest demand factor for gold is jewelry. This demand is seasonal. For example, the largest gold demand countries in the world are India and China. Generally speaking, April in the first half of the year is the climax of weddings in India, and the demand for jewelry is huge. There are many religious festivals in the second half of the year from September to November, and the demand for gold also increases significantly. China's jewelry demand is mainly from September to around the Spring Festival in the second half of the year, while jewelry demand in Western countries is greater around Christmas. Mid-term investors can give priority to gradually buying at low prices during the off-season from June to September, and reduce their positions on highs during the peak demand season from October to April of the following year.

2. Control the trading rhythm

During the continuous trading process, it is difficult for investors to always keep correct judgments on market trends. Under normal circumstances, one or two mistakes will have no impact. big. But if you make mistakes one after another, it may mean that you have lost the ability to grasp the market. It is recommended to temporarily stop trading and leave the market to rest. Only by stepping back and re-examining the changes in the market can we make a correct judgment on the trend. Mature investors need to know how to control their own trading rhythm, set their own expectations, and check their trading plans based on the current market shape, judge the current market conditions, and select the most appropriate trading range.

3. Don’t force trading

Perfect trading is like our breathing. We must be calm, relaxed, and look for visible trading opportunities.

Don't trade for the sake of trading, and participate in market conditions that you can't understand. Don’t think that you have to trade in every band. Most traders in the market will miss the 70 market trend. Each investor has different energy at his disposal, market knowledge, and usual trading skills. He cannot expect every profit in the market. Even if I get everything, I can’t have the wrong mentality that I want to earn as much as others earn.

4. Choose a good time to leave the market

As the saying goes, selling is more difficult than buying. Choosing a good time to leave the market is often difficult for different investors. A relatively simple way to choose a good time to exit is to use the early price trends to discover those resistance areas that have been tested repeatedly but failed to be effectively broken. In particular, you must be highly vigilant at resistance levels that have triggered sharp declines. These key resistance areas Once the position is effectively broken through, gold prices will often continue to rise sharply. Therefore, stop winning before the key resistance level, and then follow up with a small amount after an effective breakthrough.

Experience:

First of all, learn to control positions and stop losses, and experience how to establish positions, close positions and make profits. Establishing a position is a professional term for gold speculation. It roughly means like the opening of the stock market. The point at this time is very important. It is the bottom line and the foundation. If the point is not chosen correctly, you will lose money if you go high, but it is difficult to grasp the low position. It can only be relative.

The second is to follow the trend. As an old stock investor, I am not unfamiliar with this point. I would rather buy a rise than a fall, let alone go against the market. An introduction to gold investment from ICBC Online Banking told me: "A gentleman keeps his weapons hidden and waits for the times. The 'time' here refers to the market situation in gold investment. As small and medium-sized gold investors, we cannot change the market trend, so we can only obey it." It. Going with the trend and waiting for the right time can make our gold investment more effective. If we master the gold market and understand the general rules of gold price operation, we can achieve success in gold investment. " I firmly remember this wise saying about investing in gold, and insist on buying when gold rises, because there is only one possibility of buying wrong in this operation, that is, when the price rises to the top, other than that, any other point is a mistake. Yes. When buying when the price of gold falls, only one thing is right, that is, the price of gold has reached its lowest point and cannot go any lower. Other than that, buying at other points is wrong.

The third is to learn risk control. Regarding risk control, "it is better to prepare for the rain than to dig a well when you are thirsty." The same is true for risk control in gold investment. Before conducting gold transactions, investors should fully understand its policy risks, price risks, interest rate risks, network system security and other issues, and according to their own risk tolerance, choose gold varieties that suit their financial status and investment goals, maintain a calm mind, and establish a Long-term investment philosophy, ultimately obtaining good returns.

Knowledge and terminology of paper gold speculation

Trading position, position (POSITION)

It is a market agreement that commits to the initial position of the purchase and sale contract, and the purchase contract The one who is long is in the position of looking forward to an increase; the one who sells the contract is short and is in the position of looking forward to the fall.

Short, short selling, short (SHORT)

Trading is anticipating that the price of the foreign exchange market will fall in the future, that is, selling a certain amount of currency or option contracts at the current market price, etc. After the price falls, the position is replenished to close the position, thereby obtaining the profit difference between selling at a high price and buying at a low price. This method is a trading method of selling first and then buying.

Long, buy, long (LONG)

Traders expect that the market price will rise in the future, buy a certain amount of gold at the current price, and wait for a period of time for the gold price to rise. Then, hedging the contract position held at a higher price to earn profits. This method is a buy first and sell later trading method, which is exactly the opposite of short selling.

Liquidation, hedging (Liquidation)

Settling the previously purchased (sold) contract by selling (buying) the same contract.

揸: buy (from Cantonese)

sell: sell (from Cantonese)

Volatility: the oscillation of a commodity (gold) during the day Range

Range: the range of price fluctuations within a period of time

Upper range and lower range: price target.

(The top of the price is called the resistance level, and the bottom of the price is called the support level) Bottom: an important support level for the downside

Long-term: one month to more than half a year

Mid-term: one week to one month

Short-term: one day to one week

One-sided market: about 10 days and a half, the market only goes up but not down, only goes down but never goes up

Bear market: long-term unilateral downward

Bull market: long-term unilateral upward

Bull market: narrow market volatility

Light trading: trading volume Small, not big volatility

Active trading: large trading volume, big volatility

Rising or falling: price has breakthrough development due to news or other factors

Stalemate: The market trend is unclear and the range is narrow

Consolidation: After a period of rise (fall), consolidation and fluctuation within the range

Retracement and rebound: In the general trend of price fluctuations, The reverse market that appears in the middle

Bottom building: when the price falls to a certain point, there will be little fluctuation for a period of time, and the range shrinks (such as box-shaped consolidation)

Break position: Breaking through the support or resistance level

False break: suddenly breaking through the support or resistance level, but immediately turning back

Closing: closing

Testing up and down: testing Price level

Profit taking: close a position to make a profit

Panic selling: close a position when you hear some news, regardless of whether the price is good or bad

Stop loss, Stop loss: If the direction is wrong, close the position immediately and accept the loss at a certain price.

Short covering: It was originally a short market, but the market was short due to news or data.

(Sell to enter the market or sell to close a position) Long covering: The market originally moved to the sell market, but later changed to the sell market.

(Enter the market or close the position)

Single-day reversal: Originally going to the sell (sell) market, but then went to the sell (sell) market in the afternoon

Go, and exceed the opening price

Selling pressure: sell orders at high points

Buying pressure: buy orders at low prices

Lock order: commonly used in margin operations One of the techniques is to make (buy) and sell (sell) the same number of lots.

Floating order: It means not closing the position on the same day (market) after placing the order.

1. Under what circumstances should one enter the market/close a position?

Enter the market:

1. When the trend reverses;

2. When the consolidation breaks through;

3. After the trend is confirmed, there will be a callback At 45 to 55 (statistically conclusive), Pyramid overweights. Only enter the market with almost 100 chance of success. Money is earned by sitting, not by operating.

Close position: when the trend reversal is confirmed. When the profit target is reached.

2. Most of the reasons for making less and losing more are excessive trading. You should always remind yourself to avoid frequent operations. (Except for inter-bank transactions, each transaction is at least 0.5m.) There are few white crows in the world. Short-term trading will disgust most traders. You should be able to imagine the results------.

3. Successful traders should:

1. Act decisively;

2. Be patient;

3. Strongly strive to win. Desire;

4. Courage to enter the market;

5. Courage to admit defeat.

Four. Notes for technicians: When placing orders based on chart analysis, you must wait for her to send the same signal! Lose no more than 2 each time! 5. Work no more than 40 hours a week, and rest and entertain the rest of the time; only by staying away from the market can you see the market clearly! If you stick to the market every day, you will eventually be swayed by every detail that appears in the market. You will eventually lose your direction and be fooled by the market. Short-term market fluctuations are only important when the market turns, but when a trend has been established, its effect is minimal.

The most important thing is to hold positions patiently, and not to be confused by the short-term fluctuations of the market, thinking that the market will reverse and closing the position prematurely, thereby losing the opportunity to make big money, because re-entering the market requires greater risk and courage than when the market first started.

6. Fund management and trading strategy are the core of the operation. Any successful investor must consider three factors: price prediction (will it rise or fall?); timing decision (when to buy?) ; Fund management (to avoid an accident that leads to the end of your investment career!)

7. Choose a time when technical indicators are sensitive to enter the market, otherwise, wait until next time; only when a confirmed reversal signal occurs, can you Determine the end of an established trend! If you do not have sufficient confidence and certainty in each transaction, you should not engage in the transaction at all. Instead, standing by and trying your luck casually is the fuse of losing everything.

8. The most meaningful thing is not right or wrong, but the least amount of money you can make when you are right? What’s the most you can pay when you’re wrong? (And this loss will not affect your confidence and continued operations next time) When you have extreme (almost 100) confidence in a certain transaction, you must seize the opportunity by the throat and never let go, and seize the profit without letting go.

9. It is better to make less than to lose big. After making a profit (for example, beyond 30 or 50 points in GBP), you can close the 30 position, adjust the stop loss position of the other 30 to the position opening point, and leave the stop loss position of the remaining 30 unchanged; in this way, you can ensure that this operation is at least You don’t lose money, and you still have 60% chance of continuing to make profits. In short, there is no guilt in closing a position at profit!

Main factors affecting the price of gold

1. Supply and demand factors

Gold is a special commodity. The relationship between supply and demand affects the price of the commodity. basic factors.

2. The impact of the U.S. dollar exchange rate

The U.S. dollar exchange rate is also one of the important factors affecting gold price fluctuations. Generally speaking, in the gold market, when the U.S. dollar rises, the price of gold falls, and when the U.S. dollar falls, the price of gold rises. A strong U.S. dollar generally represents a good domestic economic situation in the United States. U.S. domestic stocks and bonds will be eagerly sought after by investors, and the function of gold as a store of value will be weakened; while a decline in the U.S. dollar exchange rate is often related to inflation, a downturn in the stock market, etc., gold's value preservation Functionality is demonstrated again.

3. The monetary policies of various countries are closely related to the international gold price

When a country adopts a loose monetary policy, due to the decline in interest rates, the country’s money supply increases, increasing the inflation rate. The possibility of inflation will cause the price of gold to rise. For example, the low interest rate policy of the United States in the 1960s prompted the outflow of domestic funds, and a large amount of U.S. dollars flowed into Europe and Japan. As their net positions in U.S. dollars increased, countries became worried about the value of the U.S. dollar, so they began to sell U.S. dollars in the international market, snap up gold, and Eventually led to the disintegration of the Bretton Woods system.

4. The impact of inflation on gold prices

This needs to be analyzed in the long term and the short term, and should be combined with the degree of inflation in the short term. In the long run, if the annual inflation rate changes within the normal range, it will have little impact on the fluctuation of gold prices; only in the short term, if prices rise sharply, causing people to panic, and the unit purchasing power of currency decreases, the price of gold will increase significantly. rise.

5. International political turmoil, wars, terrorist incidents and other major international political and war events will affect the price of gold.

The government pays for the war or to maintain the stability of the domestic economy, and a large number of investors turn to gold for hedging investment. These will expand the demand for gold and stimulate the rise of gold prices.

6. The impact of stock market conditions on gold prices

Generally speaking, when the stock market falls, the price of gold rises. This mainly reflects investors' expectations for economic development prospects. If everyone is generally optimistic about the economic prospects, a large amount of funds will flow to the stock market, investment in the stock market will be enthusiastic, and the price of gold will fall. vice versa.

7. Oil Price

As a store of value under inflation, gold itself is inseparable from inflation. Rising oil prices mean that currency will follow, and so will gold prices.