In the foreign exchange market, certain skills are also required when choosing currencies for investment, so that you can increase the probability of profit in foreign exchange transactions. For foreign exchange speculators, foreign exchange knowledge must be learned, and there is no end to learning in any industry. What the author brings to you today is the eight rules of foreign exchange speculation and the six never.
In the previous, we have learned a lot of foreign exchange-related knowledge, such as the best foreign exchange trading time, the experience summary of foreign exchange speculators, and of course some knowledge of using indicators to select currencies. Of course, technical analysis is also inseparable in foreign exchange trading . What are the eight rules and six things that need to be remembered when trading in the foreign exchange market? The detailed introduction is as follows.
Eight rules of foreign exchange speculation
1. Before the market has confirmed the decline, any period of decline is an opportunity to buy;
2. After the market has confirmed the uptrend, any time when it falls back is a buying opportunity;
3. Before the market confirms the rising trend, any rising is the time to sell; the rising trend is not confirmed, and the rising is just an illusion of false fire, and it is the best policy to sell while it is high;
4. The market confirms that it is a downtrend, any uptrend should be sold, and take advantage of the rebound to close the position;
5. After confirming that it is an upward trend, you must not sell or empty;
6. Before the general trend is confirmed as a downward trend, you cannot sell on any rising day, until the general trend is confirmed to be a downward trend, or let it rise and earn money to the end.
7. After the market is confirmed to fall, you cannot buy, and don’t be stubborn or think you can buy bottoms;
8. When the market situation has not confirmed the rise, any decline cannot be bought. Because the market outlook may fall even worse.
The six musts of foreign exchange speculation
1. You must be fully prepared and never allow impulsive and random choice of currency.
2. Insist on only being the leading and strong currency, and never touch any currency that is in a downward trend.
3. Firmly believe in the selling signal of the indicator, and never allow any doubt and hesitation.
4. When the market breaks, you must resolutely take short positions, and never allow trading in the downward trend of the market.
5. Strictly control the number of transactions, and never allow frequent trading against the trend.
6. If you find a mistake, you must resolutely close the position, and never allow the fluke and blindly cover the position.
The above is the full introduction of the eight rules and six absolutes of foreign exchange speculation. Investors must have their own fund management when making choices, and must use idle money to invest, so as not to affect your living conditions. Only in this way can you obtain the profits you want in the foreign exchange market.
