What knowledge do people who trade precious metals need to know?

1, the market is 24 hours a day?

Unless the market is closed on holidays, the precious metals market is generally 24 hours a day, 5 days a week, and investors can trade at any time outside the settlement time of the platform, which provides great convenience for investors. ?

2. Both ups and downs can make money.

Two-way trading of precious metals. No matter whether the price goes up or down, as long as we grasp its price trend, we can make profits from the trend. ?

3. Is there no dealer in the market?

As we all know, the stock market is easily manipulated, and many retail investors suffer heavy losses, but this will not happen in the precious metal market, because it belongs to the international market, with a huge daily turnover, and no consortium has the ability to manipulate the market. ?

4. What factors affect the price trend of precious metals?

There are many factors that affect the price change of precious metals, but because it is priced in US dollars, the US dollar has the greatest influence on it. Therefore, when trading precious metals, we need to pay attention to the trend of the US dollar and the economic data and financial events that have a great impact on the US dollar. In addition, we need to pay attention to sudden political turmoil, such as terrorist attacks and war conflicts of a certain family, which will cause the market risk aversion to heat up, thus boosting the price of precious metals.

5. Trading rules

Different varieties of precious metals investment have different trading rules, such as trading time, trading cost, profit and risk control ratio. Therefore, before starting trading, investors must be clear about this. At the same time, when determining the varieties of precious metals investment, investors should also choose the appropriate trading platform, have a comprehensive understanding of it, and master the operating rules of trading software skillfully to avoid unnecessary losses caused by operational errors.

Step 6 simulate trading

To get started, basic knowledge is essential. Investors can simulate trading on the formal platform. In simulated trading, investors don't need the cost of capital, but all the data in simulated trading are true. In this case, investors are more familiar with the market and some influencing factors of the market are easier to get started.

Extended data

1, precious metals investment, as a new variety, immediately caused a new round of investment boom in the investment market. There are also many people who hold a wait-and-see attitude, but more investors can't wait to participate in this investment feast.

2. Experts pointed out that because the precious metal market fluctuates greatly, there is no limit of price limit, and the profit margin can be imagined. However, just like all investments, any investment has risks, and precious metals investment's risk control should focus on controlling positions and setting stop loss and take profit. Having certain investment skills and good investment mentality is also a necessary condition for precious metals investment and all other investments to get higher returns. ?

Baidu Encyclopedia: Precious Metals Trading