Now many people have joined the army of foreign exchange speculation. As the team of foreign exchange speculation grows stronger and stronger, so-called methods and techniques in the market emerge one after another, causing novices in foreign exchange speculation to fall into a state of confusion and be at a loss. After the editor’s visits and research, I have summed up the “five pairs” of foreign exchange speculation maxims, hoping to be helpful to novices in foreign exchange speculation
The first pair: light positions; “getting rich quick” is everyone’s wish, but the reality is that wealth needs to be accumulated. The reason for light positions is to prevent investors from being unable to turn around after making mistakes in judgment. Forex novice before entering the foreign exchange market, the first thing to consider is how to survive, not to get rich overnight;
The second pair: don’t be greedy; in foreign exchange investment transactions, greed and regret accompany you. Some people understand greed in this way: after making a profit, you will be safe in your pocket. In fact, it’s not just that. The real greed in foreign exchange is shown in the chart It has been reflected that many intraday traders often have the mentality of “seeing that this mountain is higher than that mountain” when looking at the picture, and only find out that it is not the case when they actually walk to the bottom of “that mountain”. Therefore, when looking at the charts, foreign exchange traders only look at the ones they like, and delete all other charts, so as not to affect themselves;
The third pair: take advantage of the trend; traders should follow the trend, and try not to operate when grabbing a rebound. The bottom (top) in the market comes out, so after investors understand the formation of the trend, they understand that any process of turning the trend can not make the moving average sharp. First let the downward (upward) moving average gradually flatten and then turn to the other direction;
The fourth pair: Confidence; Confidence plays an important role in foreign exchange operations. It comes from the probability of foreign exchange traders’ operations. To understand the probability of operations, you need to test the operation mode yourself. During the test, some small losses can be understood as Cost, everything needs cost, after understanding, it will make you more confident in the formal operation, and the operation will be more skillful;
The fifth pair: compound interest; compound interest is the best partner for light positions. On the basis of relatively stable profits, the power of compound interest is believed to be deeply understood by every foreign exchange trader;
The above are the five pairs of foreign exchange speculation maxims summarized with you, hoping to be helpful to foreign exchange novices.
