According to my nine-year experience in precious metal industry analysis and operation, I remind you to pay attention to the following points when operating spot gold trading:
1. If you have your own set of operating methods, or a good analyst teaches you how to operate, you will definitely make money, because analysts are experienced and all come from the disk, so many people who are new to gold speculation may prefer to operate under the guidance of analysts.
2. If you operate your own trading, you can download a simulation software first, sum up your own experience, and then simulate the real warehouse operation when you reach a profitable state.
If you haven't done simulation study, it's very important to stop loss and take profit. In the simulation study, you should pay attention to setting stop loss and take profit.