Lately Nepali investors have also been lured to gold as a reliable investment. But it is very essential to understand when to buy and when to sell, if an investor wants to make profit.
According to a survey, 52 per cent of the best traders make money. Their payment really comes in the sandpapering of their nerves. Let’s look at a tried and tested way of making the entry point, then the policy between then and the exit point. Right now a look at gold shows that after two attempts to surmount and hold the $1,000 level the gold price has pulled back to $870 and is trying to hold its position above $930 now.
The gold price itself never goes straight up but can swing as much as 30 per cent, giving even long-term holders the opportunity to move out, then back in. Each investor with one’s own investment parameters, own risk profile and investment objective must make exit point decision alone.
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