Margin trading master experience to share 1, calm mood.
Emotional impact on trading decisions is the cause of many mistakes, master of foreign exchange margin trading can always maintain a common heart in the process of trading, each person has a bad mood or emotions, this time the right way to handle is temporary leave, once the deal is absorbed, once is not suitable for trading, trading down to relax completely.
2. Know what you can get in a deal.
Forex margin traders will make a detailed trading plan according to the current market situation before trading, make a specific analysis of the possibility of profit and loss, and take corresponding risk control measures.
3, strict discipline.
Foreign exchange margin trading must pay special attention to discipline.
Each step in each marketing plan is part of the overall deployment strategy and should not be changed on the whim.
All amendments should be planned in advance and implemented when necessary.
In any case, the loss of discipline is self-inflicted and can only be seen as a profound lesson.
4. Pay attention to the signal of instant market chart: Among all kinds of instant market chart, the reference value of five-minute chart, 15-minute chart and half-hour chart/hour chart is the highest.
The HALF-HOUR/HOURLY CHART SIGNAL INDICATES THE MAIN DIRECTION OF THE DAY’S POSITION, WHILE THE 15-MINUTE CHART SIGNAL CAN BE USED AS A REFERENCE FOR ENTERING AND EXITING THE MARKET.
The five-minute chart SIGNAL CAN not only prompt you to prepare as soon as possible, but also be used as a reference for leaving the market when holding against the market.
As for the one – minute chart, only suitable for extreme speculators used as a super – short – term market speculation.
5. Manage your money well.
In foreign exchange margin trading, the company divides its own funds into several parts according to the proportion. Only when the company has high confidence in its judgment, the company makes half of the funds. The rest of the time, the company ensures that the amount of funds used is only about 20 percent, so that it can cope with risks in any case.