In foreign exchange speculation, it is very important to have such a concept, which is “strategy is more important than prediction”. Sometimes, although you are very proficient in foreign exchange knowledge, your strategy can save you when the prediction is inaccurate. your funds. Although, the foreign exchange market is changing very fast, so what are the foreign exchange speculation skills that will not be outdated? Today I will introduce you in detail.
First: a good attitude
We must believe in our own ideas and models, and we cannot change them casually for temporary losses. After all, we can slowly climb towards Rome.
Second: take advantage of the trend
If the situation does not change, keep it; if the situation changes, move. When a downward trend does not change, you must stick to your cash; when an upward trend does not change, you must stick to your stocks.
The so-called “trend” is born from the harmony of many conditions. When the karma gathers, it will be born, and when the karmic relationship is scattered, it will perish, that’s all. When a trend comes, respond to it and follow it; when this trend goes away and another trend comes, respond to it and then follow it; when there is no trend, watch it and wait for it.
Third: Establish the correct principle of survival in your own market and stick to it
Don’t try to predict how the shape of the white clouds will be different tomorrow from today, you just need to take an umbrella and go out when the clouds are thick. The language in the financial markets is just that – following a trend when it really breaks out. The market will definitely use all means to prove most people wrong. Technical analysis is just to judge whether the trend can continue and whether it will change!
Fourth: Not afraid of failure
In a down wave, finding support is a thankless task. The speed of the decline is three times faster than the speed of the rise, because fear is more terrifying than optimism. A person’s self-confidence comes from his failures, and the purpose of the strategy is to allow us to control risks, not to maximize profits.
Fifth: Learn to judge long-term trends
It is impossible to predict daily movements with minimal accuracy, but long-term trends can be judged. The longer the time, the more certain the trend will be. Although the secret is simple, it is extremely difficult for most people to do it. It’s not that they don’t know, but because of the weakness of human nature.
What are the foreign exchange speculation techniques that will not become obsolete? It is the above points. If you want to know more, please pay attention to the column of foreign exchange knowledge. Of course, a clear-headed investor must be good at judging the situation, because he understands that true bravery lies in dispelling stasis and avoiding danger rather than conquering danger.
