Why do most people lose money in gold speculation

① Blindly entering the market, many investors lose money because they blindly enter the market before they have a certain understanding of the gold market. They are like headless flies. They do not even know how to buy and sell gold on the trading software. They simply heard that gold speculation can make money, so they rush into the market. What is waiting for them is only loss
② frequent trading: Although there is a market for gold every day, the average price of gold fluctuates around $8 a day, and the handling fee is also low. Therefore, there are more opportunities to seize the short-term. Therefore, some investors frequently trade in a day, even more than a dozen orders. However, the more the number of transactions, the more the chances of mistakes, and the loss is inevitable
③ it is difficult to choose a platform arbitrarily, and it is difficult to choose a regular platform for gold speculation. Many gold speculation black platforms in the gold market are also one of the main reasons for investors to lose money. Before gold speculation, you must choose a regular gold speculation platform to avoid the principal being cheated
④ it is very important to ignore the capital management in gold trading. It is necessary to ensure the safety of the principal during trading. Setting a stop loss is one of the important means to ensure the safety of the principal. However, some investors still cling to the stop loss when the market has deviated from themselves. When the principal loss is too large and the margin amount is too small, the investor's risk tolerance will be reduced, and it is very easy to explode
extended data:
1. Gold
gold is a chemical element, with chemical symbol Au and atomic number 79. Pure gold is a metal with bright luster, yellow with red, soft, high density and ductility. It is one of the rare, precious and highly valued metals. It is not only a special currency for reserves and investments, but also an important material for jewelry industry, electronics industry, modern communications, aerospace industry and other sectors
2. Can the bank deposit gold?
Yes, the bank can deposit gold. Generally, the bank can keep the purchased gold bars on behalf of the bank, and a voucher will be issued during the storage. However, no interest will be generated during the storage. When the storage expires, the bank will also charge a certain storage fee, which is generally charged according to the length of the storage time. Many banks now carry out this business, Different banks have slightly different policies on gold preservation. When you deposit gold, you can consult different banks to find the most suitable one for you. The bank does not need to worry about losing the gold, as long as you find the bank with the lowest storage fee
3. What are the types of gold?
gold is divided into four types: red gold, colored gold, mixed color gold, K gold. Red gold and pure gold have similar meanings. Those with a fineness of 99.6% are called red gold, colored gold, also known as secondary gold, tidal gold, which refers to gold with low fineness. Mixed color gold refers to gold with silver in addition