For investment novices, how to master entry methods and skills is the most important, with the wealth of financial varieties, foreign exchange investment is prevailing, so what entry skills foreign exchange investment has?
1. Do not enter and leave the market at random. We’re investors, not brokers, so we’ll only lose more if we stay in and out.
2. Don’t bet on money. Investors need to know what’s going on up and down.
3. Don’t invest in foreign exchange without a stop loss order, or after the stop loss level in your heart, you are still hopeful and reluctant to leave.
4. Don’t over-magnify foreign exchange investments. That means don’t save $300 to speculate on $60,000. When the wind is high and the waves are rough, a ship with six men on board will sink more easily than a ship with one.
5. Don’t do the boring action of lock-in for foreign exchange investment. A lot of companies can lock the warehouse, in fact, lock the warehouse to the customer only harm, but without benefit. The same kind of currency is bought and sold again, the client only pays the interest of about 3 %, because foreign exchange business is to have magnification ratio, so it looks like 3 %, but in fact it is 30, 40 % of the principal. So if you make a mistake, you should close the count, start over, and don’t lock the position.
6. Foreign exchange investment into the foreign exchange market, do more analysis, to read the news on both sides, look at the chart; Foreign exchange investment into the market, to keep in touch with the market, not because of their own good positions, and only to see their own favorable news. Once the wind moves, immediately liquidate positions for the top.
7. Don’t be a bigot. Foreign exchange investment sometimes depends on the wind, do not be an old fogey. Ten thousand kinds of market due to the city, that is to say, sometimes favorable good news into the market, the market condition not only did not do well, but fell, that is, your previous analysis is wrong, please make a prompt decision, do not be stubborn.
8. In foreign exchange investment, we should not listen to the opinions of those so-called experts. We should have independent thinking, not conformity, and be thoughtful before placing an order.
Note: The better than expected non-farm production boosted the EXPECTATION of fed rate hike and boosted the DOLLAR, wary of the impact of Abe’s death on boj policy. For specific operation, please pay attention to the Reelfinancial.com. The market is changing rapidly, so investment should be cautious. The operation strategy is for reference only.