What Factors Determine the Price of Platinum?

"Paper platinum" is a kind of personal certificate platinum. It is a new precious metal investment product in mainland China after paper gold and paper silver. Investors buy and sell "virtual" platinum on the book according to bank quotes. Suck high and earn fluctuations in the price of platinum. Investors' trading records are only reflected in the "precious metal account" opened in advance by individuals, and no physical platinum withdrawal and delivery occurs.

Paper platinum

Continental paper

Trading time : paper

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When new investors make paper platinum investment, they have doubts about many aspects, both technically and psychologically. New investors can refer to the following suggestions:

1. Good at learning from learning, good at using demo accounts, making good use of free demo accounts, learning paper platinum investment transactions-investor patience: wait for a positive return; beginners must study patiently, step by step, and do not rush to open real transactions Account, you can try a demo account first. There is an application for a free demo account on FXSOL.com, and new investors can experience it.

2. Errors are inevitable. Remember to learn lessons. Do not repeat mistakes and losses. It is inevitable that you do not blame yourself. It is important to learn lessons from them and avoid making the same mistakes again. The sooner you learn to accept the losses, learn the lessons, and gain The days of Lee are coming soon. In addition, learn to control your emotions. Don't jump over because you made $ 800 and don't want to hit the wall because you lost $ 200. The less personal emotions you have in trading, the more you can see the market and make the right decisions. To face gains and losses with a calm mind, you must understand that the trader does not learn from gains, but grows from losses. When you understand the cause of each loss, it means that you are moving towards profitability again because you Found the right direction.

3. You are your own worst enemy. The biggest enemy is yourself-greed, irritability, uncontrollable emotions, lack of defense, excessive self, etc. It is easy for you to ignore the market trend and cause wrong trading decisions. Don't trade simply because there is no entry or boring for a long time. There is no certain standard here about how much you must trade in a certain period. Even if you only open a position in 2-3 days, this trade is profitable. A $ 600- $ 800 signifies that your decision is correct and nothing is wrong.

4. Record the factors that determine the transaction. Record the factors that determine the transaction in detail daily. Are there any event messages or other reasons at the time for you to make a transaction decision? After the transaction is made, analyze and record the profit and loss results. If it is a profitable trading result, it means that your analysis is correct. When similar or the same factors reappear, your transaction records will help you to quickly make the correct trading decision. Of course, a loss trading record can Let you avoid making the same mistake again. You can't keep all your trading experience in mind, so this record will help improve your trading skills and find out what went wrong.

5. Refer to the experience and opinions of others, and make trading decisions based on your own analysis and feelings about the market, and then refer to the opinions of others. If your analysis is the same as others, that's fine; if it's different, don't be too brazen. However, if the results of the analysis are really different, and you start to doubt your analysis, it is better not to conduct real trading at this time, and only use a simulated account. If you are confident in your decision, don't hesitate to do so, your multiple predictions will have the right one. If your prediction is wrong, find out what is wrong.