How to sell gold And make big profits
There are several ways to sell the invested gold in order to obtain profits from it, and those methods differ mostly according to the final form of this gold. For example, if gold is shares bought through money market intermediaries, it is also sold in financial markets through these same brokers. But if the gold was purchased in the form of gold bars or goldsmiths, it can be sold simply to gold merchants in the shops spread in the markets, and this is according to the price of gold today and the weight and caliber of the gold to be sold, in addition to the shape of the jewels and their quality and preserving their luster.
There is no doubt that trading in gold as it causes many profits, as it may also make its owner unhappy, sad, not because it is losing but rather because its prices are constantly increasing, so one of the investors may resort to selling jewelry, jewelery, alloys, and some gold shares, and then be surprised by their exaggerated price increases, and he will be regretted And heartbreak on that.
Gold trade secrets
Gold is traded on the Forex market and known in part to its wonderful assets and international attractiveness, and managing your gold investments requires experience, skill and learned behaviors that will serve you well in reducing risks and achieving the maximum reward and gains, and therefore with that in mind we must take some time To review the five secrets of the gold trade that successful traders use to reap large financial profits.
The most important secrets of the gold trade
Precious gold metal has always been considered a safe haven in times of difficult crisis, and our simple gold trading strategy will help you buy gold and sell gold at the same time, and we will also know some valuable gold trading secrets that will help you make great profits.
The best strategy for trading gold or other commodities is to do exactly the same thing as a smart money trading commodity, therefore, since it is a strategy that tells you when to enter trades on almost any time frame, whether you are looking for higher timeframes for long-term investment or when you want to enter And get out of short-term deals.
If you are interested in inflation or the economy in general, investing in gold is an excellent way to protect your wealth, however if you are trying to make money from gold trading you must follow and know these important secrets, as this guide will include every step that you must follow to understand how to trade gold in the way that It is carried out by large traders in institutions.
Determine the appropriate time to trade gold
According to its seasonal cycle, the price of gold tends to rise in the first quarter of the year, as it rises in the final months of the year as well. September will be one of the best months to trade the price of gold if you buy it.
Knowing the different gold prices during the same day
More often than not, trading over the same day will resemble the same in the following days, and in fact by overlapping the value of trading for one day with the next day, you can see how similar it is, and there is a general rule when using this secret is that every pattern you recognize will generally start slightly Early in the day with each day in a row, because other people are also looking to take advantage of market predictability to make their own gains.
Diversifying the sources of gold trading
One of the biggest mistakes people make when investing in gold is to put everything they have in one basket and although it may be easy for you to do so, you face a much greater risk by lack of diversification, whether you use the spot trading of other metals such as Silver or going to currencies, you can trade gold and diversification, and this is not really a secret like other gold trading secrets and it is a best practice but it is worth emphasizing the importance of that.
Attention to the international price of gold
Do you understand the role that gold plays in the economies of the world, and if you want to make big profits, be sure to pay attention to current events, where gold is seen as a relatively stable safe haven when it comes to price volatility, and when instability increases in the market people flow into gold, which leads to To higher prices.