Detailed explanation of online foreign exchange trading skills
- Learn to open positions, stop losses and close positions. A very important point in online foreign exchange trading is the choice of trading timing. Opening a position means placing an order in the market, buying one currency and selling another currency at the same time. Opening and closing positions according to market conditions and market prices is the premise of profitability. There are always surprises in the market. When the loss reaches a certain level, to avoid greater losses, investors must set a stop loss for each order.
- Pyramid plus code. Online foreign exchange trading investors find that the market is in line with their expectations after entering the market. At this time, if they want to expand their profits, they must increase their positions, but they must follow certain skills, because the market may turn around at any time. Every time you increase your positions, it is less than the last time. With the development of the market, gradually reduce the increase of positions to achieve the dual purpose of expanding income and reducing risks.
- Refuse to listen to what others say. There are always different remarks in the foreign exchange market , and each remark seems reasonable, but if foreign exchange investors copy other people’s remarks, even the correct remarks will not make money. What I do is to refer to, learn from other people’s ideas, and then do my own independent analysis.
- Avoid overweighting in the event of a loss. The most correct way to encounter losses in online foreign exchange trading is to stop losses. Some foreign exchange investors try to reduce losses or even turn losses into profits by overweight when they lose money, but in fact, losses mean that there is a problem with the transaction. Solving problems and increasing positions often leads to bigger problems, so there are often more and more losses.