Some seemingly inconspicuous tricks for foreign exchange speculation, but they are indeed very important help for foreign exchange investors . Whether you are a master or a rookie, you must learn, use and master them well. You can make money by mastering the tricks of foreign exchange speculation:
You can make money by mastering the tricks of foreign exchange speculation:
Tip 1: Just make some money. Didn’t you say make a lot of money? How to make some money on the line! Don’t worry, look down slowly. There are tricks to speculating in foreign exchange, the most important thing is to seize the high and low. The foreign exchange market is also said to be short and flat, and each time the profit is 1~2%, calculated on a monthly basis, how much is a year? Earn more and earn less, don’t be greedy, and usually treat them objectively.
Tip 2: Hide if you can. The foreign exchange market is sometimes cloudy and rainy. The cloudy and rainy days in the foreign exchange market are generally from Wednesday to Friday in the first week of each month. At this time, important economic data from Europe and the United States are released, and the market is in a period of change in receiving information. At this time, don’t enter the market blindly, otherwise, if you lose your wife and lose your army, you will have nowhere to cry.
Tip 3: Enjoy your time. Trading is not just about strategy, time is everything. Time can be exhausting and irrational. But time can also be relaxing and enjoyable. Be sure to allow yourself to completely relax and fully recover over the weekend. You don’t make low-level mistakes in your trading because of your physical condition.
Tip 4: Accept the facts. 100% of people speculate in foreign exchange to make money, but less than 1% of them can make money all the time by speculating in foreign exchange. You have to accept this fact before you can face the dangerous game you are playing with the right mindset.
Skill five: learn to build positions. Anyone can build a warehouse, and it is not easy to build a warehouse. 1. Grasp the general trend well, the iconic price of the general trend turning is your stop loss reference point, and the difference between this point and the current price is irrelevant. 2. The short-term trend should be well grasped. The short-term callback is an opportunity to re-open a position, not a time for backhand operation.
Tip 6: See through trends. Falling too deep is not a reason to go long, and rising too high is not a precursor to shorting. Trend is everything. If sometimes you can’t help but close your position because of $ 10 , but you don’t want to give up until you lose $200, it’s because you are boldly pursuing losses, not profits. Believe in yourself to see the trend.
Tip 7: Do less orders. There are too many orders, and even if the trend is caught, there is not much profit. When I saw that a certain order was profitable, I felt that it was going to be reversed, so I immediately made another move in the opposite direction. This is the fear of profits, the toss and bounds back and forth, and ultimately failed to lock in profits.
Tip 8: No skills. The biggest skill in foreign exchange speculation is “no skill”. Read newspapers every day to check financial information. Only through long-term accumulation of knowledge can you have a keen sense of the unique operation of the foreign exchange market . The intuition comes from the accumulation of these small experiences. These small experiences are the greatest success. Skill.
All experience skills are truths proven in the practice of countless people. If you want to really learn and use them well, you need to experience them yourself and feel them more deeply. You can make money by mastering the tricks of foreign exchange speculation.