As we all know, the devil is in the details, even in the field.
Even for the same platforms and trading systems, subtle differences can lead to different results.
How to minimize the failure factor, so that they remain invincible, is all investors need to summarize.
1. Risk control Using high leverage in China can not only improve profits, but also face greater risks.
How to control the balance between profit and risk is a big problem.
Summarized the following points for investor reference: reasonable position according to their own capital volume to set a reasonable position.
Don’t set a high percentage position, or even full position.
Generally speaking, 20%-30% is more for beginners.
Reduce your operations and Plan Ahead In general, don’t do them too often.
The more inexperienced you are, the more likely you are to make mistakes.
If you just want to get lucky, lottery tickets are better.
In addition, but also set a good psychological price.
Whether opening, closing or stopping a position, there should be a psychological price.
Set the position before operation.
Do not believe that stop losses are the magic weapon to control risk, only that they are the magic weapon to prevent excessive losses.
Of course, the preset stop-loss price must be careful not to be too large.
It is important to be decisive and not greedy as long as it is financial speculation.
The time is now or never.
If you miss an opportunity, you lose it.
Not being greedy is also well understood.
If you reach your expected profit, you’d better close your position.
Financial markets are a ladder.
Never try to make all your money at once, or you will only lose it all at once.
If investors want to succeed in foreign exchange trading, they should be in the best trading mindset possible.
They should know that in the foreign exchange market, trading mentality is very important.
Different investors may hold different trading mentality in trading.
Some investors are in a good mood.
When they face the success or failure of a trade, they can be relatively comfortable.
They know that in foreign exchange, if there are successful trades, there will be unsuccessful trades, and the risks and rewards are equal.
If investors can’t successfully hedge their trades, their returns will be hampered.
With this trading mentality, they will be more casual in their trading and will not be frustrated if their trades fail or complacent if they succeed.
Such investors are more likely to succeed in trading.
Therefore, if investors want to succeed in foreign exchange trading, they must maintain a good trading mentality, which is an important factor for investors to succeed in foreign exchange trading.
However, many novice investors may struggle to realize this.
Only experience the trades that work and don’t work.
Every transaction is not blind. In addition to patience and following market rules, analysis and thinking are also essential.
There are hundreds of trading opportunities with losses and gains, which is enough for us to develop good analytical habits.
The more thoroughly we analyze the market, the more profit we can make in the market.
Hawkish Fed and Omicron jockeyed for market position as U.S. crude oil opened down nearly 3 percent to hit a new two-week low.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
