1, learn to establish the position of the account, stop loss and close the position.
"Opening a position" means opening a position, also known as exposure, that is, buying one currency and selling another at the same time. After the opening, the buyers are called bulls and the sellers are called bears. Choosing the right time to open a position is the premise of profit. If the timing of entering the market is good, the chances of profit will be great; On the other hand, if the timing of entering the market is improper, it is prone to losses.
"Stop loss and lighten the position" is a stop loss measure to prevent excessive loss after the position is established. Sometimes, traders insist on waiting instead of admitting losses, so they will suffer huge losses when they continue to fall.
The timing of "profit" is difficult to grasp. After opening a position, when the exchange rate has developed in a favorable direction, you can close your position and make a profit. It is very important to grasp the timing of profit, because the lottery is too early and the profit is not much; Too late to draw, it may delay the opportunity and reverse the exchange rate trend.
2. The principle of buying up and not buying down
It is better to buy up than to buy down. Because there is only one thing wrong in the process of gold price rising, that is, when the price rises to the peak. In addition, any other point of purchase is right. Buy when you fall, only one thing is right, that is, you have already fallen to the lowest point. Besides, it is wrong to buy it at other points.
Because there is only a little mistake in buying when the price goes up, and only a little right in buying when the price goes down, the chance of making a profit when the price goes up is much greater than when the price goes down.
3. "Pyramid" plus code principle
"Pyramid" plus code means: after the first purchase, the variety rises and the investment is correct. If you want to increase your investment by increasing your holdings, you must follow the principle of "the number of holdings is less than the last time". In this way, the number of consecutive purchases will be less and less, just like a pyramid. Because the higher the price, the greater the possibility of approaching the peak of the rise and the greater the danger. At the same time, buying when rising will increase the average cost of bulls, thus reducing the rate of return.
4. The principle of buying (selling) when rumors, but selling (buying) in real time.
The gold market, like other markets, often spreads some gossip and even rumors, some of which are proved to be true afterwards, and some are just rumors and even traps deliberately laid by the dealers. The trader's practice is to buy as soon as he hears the good news, and make a profit as soon as the news is confirmed. On the contrary, when bad news comes out, sell it immediately, and once the news is confirmed, buy it back immediately. If the transaction speed is not fast enough, it is likely to lead to losses or missed profit opportunities due to market changes.
5. Don't overweight when losing money.
After buying or selling a sum of foreign exchange, when the market suddenly moves in the opposite direction, some people will want to increase their positions, which is very dangerous. For example, after a trader chased the high price to buy the variety for a period of time, the market suddenly turned around, plunged downward and lost money, so he wanted to buy a single at a low price in an attempt to bow his head. When it rebounded, the two orders closed their positions together to avoid losses. You should be especially careful about this overweight practice.
If it has gone up for a while, you may buy a "top". If you keep buying more and more, but never look back, then the result is undoubtedly a vicious loss. Allison, a foreign exchange trader, brought the famous Bahrain Bank here under this kind of psychology.
6. Do not participate in uncertain market activities.
When you feel that the trend is not clear enough and you lack confidence, you should not trade in the market. Otherwise, it is easy to make a wrong judgment.
7. Don't focus on integer points.
In trading, sometimes problems arise in order to win a few points. Some people set profit targets for themselves after opening positions, such as earning enough US$ 500 or RMB 65,438+0,000, and wait for this moment in their hearts. Sometimes the price is close to the target and the opportunity is good. Just a few points are not in place. I could have closed my position and collected money, but because of my original goal, I missed the best price and the opportunity.
8. Open positions when the market breaks through.
The market refers to a bull market with a narrow amplitude. The market is a sign that buyers and sellers are evenly matched and temporarily balanced. No matter in the process of rising or falling, once the market is over, the market price will break through the barrier, up or down, and there will be a breakthrough. This is a good opportunity to enter the market and open positions. If the market is bull cowhide, the position established when breaking through the market has a greater chance of making big profits.