Firm trading refers to the purchase of foreign exchange through banks, without leverage, unless the exchange rate changes dramatically, there is not much room for profit.

Margin trading has not been liberalized in China, and national laws do not prohibit or support it. Generally, the platform of foreign dealers is used to speculate domestic institutions, and the leverage is generally between 30 times and 500 times, and there is also a higher leverage.

Foreign exchange earnings, like stocks, depend on price changes, that is, exchange rate changes to earn profits, except that foreign exchange margin transactions can be short except for long positions. If you want to make a profit, the most important thing is to master the characteristics of foreign exchange trading, study a set of effective trading strategies and strictly implement them.

Here I can provide a set of trading strategies based on Dow theory-the least resistance trading method for your reference.

The core of this trading strategy is one sentence: the price always moves in the direction of least resistance.

To clarify the meaning of this sentence, here is an example. There are many rivers on the earth. Streams merge into rivers, rivers merge into rivers, and rivers merge into the sea, which is equivalent to the K-line of various cycles in trading. The dams of streams, rivers and rivers will be equivalent to various trend lines and horizontal support resistance. Streams flow to small rivers, and small rivers flow to rivers and oceans. Small trends always follow the general trend, because when small trends meet the general trend, the dam of the general trend will be stronger and the resistance will be greater. Dams with stronger resistance are not easy to be washed away or burst in most cases, and can withstand more market shocks.

The specific application is as follows:

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