General Gold Trading Tips by Gold Tradng Expert Carmelo Cerrelli

If you are a novice trader and you are interested in investing in gold, here are some general tips by gold trading expert Carmelo Cerrelli, that can help you on your way to a successful gold venture.

• Make sure you buy when gold prices are reasonably low, but certainly not wait until gold prices are the lowest, simply because this is a common mistake which many investors both new and experienced at investing gold make. Always remember that if you will wait too long, you will definitely be missing the perfect opportunity to buy gold before it starts to rise again. Instead you should simply aim to buy it when it’s reasonably low as it will give you more opportunities for better returns on your investment. Also make sure you buy gold when you need it, as it’s an investment that expands your overall wealth and is certainly not affected in any negative way by economic conditions and risks.
• If you are just starting out in gold investing, then you must start out with either a gold coins investment or a gold bars investment. Gold coins are very light and are very easy to transport, as well as easy to store and ship. Even though gold bars in general are the cheapest way to purchase gold, but this metal may be more difficult to transport as well as store and ship, simply because gold bars normally weigh more than coins and are also bulkier and much bigger in size. These two investing methods are simpler and easier to understand and are perfect for beginner investors in the gold market.
• As a novice trader try to avoid gold futures. Always remember that gold mining shares are even though less complicated but they are still risky, as they have nothing to do with the price of gold itself. So if gold prices go up, this simply does not mean that gold mining shares will also rise, so it’s better to leave these to the experienced investor.
• Your investment portfolio must be well balanced, as it’s important that you diversify your investment portfolio; so if one investment do not perform well, you have other options which will help you in making money. A reputable gold broker will help you select the right gold product mix and will also make sure you are paying the right prices. So for example: if you invest in gold stocks with 20% of your portfolio, perhaps 25% in gold coins and gold bars, 30% in spot gold trading and the rest in cash liquidity, which will give you higher returns on your investment. Also add more capital to your investment portfolio slowly as that’s how you will make money from money.

Conclusion

According to gold trading expert Carmelo Cerrelli, if you are looking to invest and buy gold for short or long term, the above gold trading tips will be a very valuable guide for you.