Theory is the most important part of actual combat. The wrong theory of foreign exchange entry leads to losses again and again, regardless of the wrong decision, so if you want to do a good job in foreign exchange, you must have a solid theoretical foundation. How to place an order, where to place an order and in which direction?

How to order foreign exchange speculation is correct?

1, fundamental analysis

Choose the direction from here, buy up or buy down, and what is the exchange rate market atmosphere;

2. Technical analysis

Determine the general area of buying and selling from here;

3, determine the entry time

Each currency has different properties, so it has different activity in different time periods;

4. Establishment of stop loss and target

The ratio of stop loss to target is generally set to 1: 3, otherwise the quality of this list will be problematic;

5. Determination of holding time

The holding time of a list is how long it takes to reach the target price set by yourself, so as to avoid the impetuous psychology when the market is depressed, because the set goal cannot be completed within 5 minutes;

6. Add a single operating price

When the market develops in your favor, when you break through an important support or resistance, when you draw back, you should consider adding orders to maximize profits, and this ratio and position should be considered in advance;

7. Fund management

In other words, when making the above plan, we should consider the proportion of positions to control our own funds at a reasonable level.