In fact, as we said just now, margin trading is prohibited in China. This control is just like not putting salt on vegetables in foreign exchange trading, so "grassroots" traders will compete to start this business. If you stay a little longer in front of the foreign exchange book in the bookstore, a man in a white shirt and sweaty will definitely jump out and talk to you. "Hello, are you interested in foreign exchange? I'm Wang Weihua. I've worked on Wall Street for over 40 years. If you are interested, you can attend my lecture ... "Tony may not be all liars, but there is really no need to spend a lot of energy to distinguish, because foreign exchange investment is not like food, and you would rather not do it without reassuring channels.

Beware of "slang"

Foreign exchange trading is probably the investment field with the densest financial terms except futures trading. "premium", "discount" and "currency pair" ... out of responsibility for your money, it is better to make clear the meaning of these "financial slang". Otherwise, it is really difficult to communicate with friends around you. They are all proud of their slang. You can't let them compromise with a new person.

Beware of forecasters

If there can be no prophet in the stock market, there can be no prophet in the foreign exchange market. You should know that the dollar you buy and the dollar Soros sells-I'm just giving an example, not saying that Soros sells dollars-are both kinds of dollars. For a huge foreign exchange variety, there is no trader or banker, so investors don't have to worry about a gossip, because the investment in the foreign exchange market is at the level of trillions of dollars every day. If anyone knows the secret about these trillions of dollars, they don't need to tell you these gossip at all.

In addition, investors who do foreign exchange transactions don't look at charts. They all think that those "candle charts" are very helpful to their trading, even all the trading information, but I doubt it, because a controversial tool in the stock market has become an omnipotent god in the foreign exchange market. However, if everyone believes in the power of charts, you can pretend to admire them.

Be bold enough.

If an investor is not brave enough or has poor risk tolerance, then don't mix in the foreign exchange margin trading market. It won't make you brave, it will only hurt you. In short, if you are not brave enough, don't think about entering the market.

Beware of greed

If there is leveraged trading, you are really addicted to making money, but making money doesn't necessarily depend on you. Foreign exchange trading is not like stocks. It is good to hold the stock of a good company for a long time, but it is very hopeless to hold a kind of paper money for a long time, especially in the case of margin financing and securities lending.

Pay attention to control your emotions.

In foreign exchange trading, investors do not need to be ecstatic about a certain profit, nor do they need to be miserable about a certain failure. The best way to bet in the foreign exchange market is to divide the limited money into several parts and then bet several times. Of course, when betting, try to find the one with high expectations. It is very beneficial to formulate strict and reasonable investment discipline for yourself, but when it is implemented, it depends on investors' emotions, controls their emotions, and plays cards more rationally in order to have a good return on investment.

Get rid of the habit of not daring to borrow money.

If you can participate in leveraged trading, it will greatly reduce the profit cost of investors, but if you don't have the habit of borrowing money to make money, you can only watch this opportunity miss. Maybe you have to borrow money to make money and feel at ease before you can participate in foreign exchange trading generously. Of course, don't put the lever too high. Some traders can provide very high leverage to customers who are addicted to gambling. You can only do nothing and wait for the phone to make up the position all day.

There are no "too high" and "too low" prices.

Generally speaking, "too high" and "too low" prices do not exist, that is to say, in the foreign exchange market, if the currency fluctuates greatly, the fluctuation range will be even greater. If you add leveraged trading, the momentum will be very scary. Compared with the period without fluctuation, it seems that the currency is likely to be "too high" or "too low", but novices should not operate against the market most of the time based on this understanding.

Adjust your trading slowly and don't change your trading style easily.

It is difficult to prove the correctness of the trading method, because once the trading opportunity has passed, it can't be copied, and the whole market can't be copied at all, so it is difficult to falsify the trading method. Whether a trading method is good or not, we should evaluate it according to experience-I hope it is not completely blind-so if investors have a trading method that can always make money, don't make big changes to it easily.

Chances are you're right. Fate likes people like you. It is also very likely that you really stumbled upon the optimal algorithm with high expectations. However, if the trading style is easily changed, the probability of failure will account for the vast majority, because fate only cares for a few guys, and it is always those who make money in the market.

10 should have a good trading plan.

Used to set stop-loss orders and take-profit orders. This is also a sign of a good investment plan. Basically, stop-loss orders and take-profit orders can limit the traders' own risks within a certain range, because foreign exchange trading is not a one-shot deal after all.

1 1 Dare to face losses.

If there is a loss, you have two choices. One is to hide, or stop trading, and it can be over. The second method is more practical if you want to make money from foreign exchange trading. Foreign exchange trading is not like the stock market. Maybe you will be afraid of the loss of sunk costs and won't give up the business that has already lost money, but if you give up irrationally in foreign exchange, your losses will get bigger and bigger. It takes some courage to face the loss in the transaction.

12 Don't take the transaction seriously.

If you really like money, don't take your business seriously. If you just lack hobbies, you might as well go fishing, because foreign exchange trading is nothing but making money.

Have a healthy body.

Foreign exchange trading needs a healthy body more than other transactions, because it is more harmful to the body. First of all, it can be traded 24 hours a day, and margin trading also ensures that investors' blood pressure will be higher than usual. You might as well install another treadmill in front of the trading terminal, which may be more suitable.

14 expecting all kinds of accidents.

If you make a big bet in the transaction, you should be more careful and prepare for all kinds of possible accidents, including: the phone is out of power or no signal; Your cat bit off the network cable; The market suddenly rises or falls; The wind direction of the market suddenly reversed, turning over or flipping over many times; The market hit a new high or a new low; Your deposit is not enough; The dealer suddenly lost contact.

In addition, successful traders have their own trading records, and even successful gamblers will improve their trading conditions according to the trading records. Since foreign exchange trading is a slightly more noble business than gambling, investors had better record their own transactions, which is not only conducive to summing up experiences and lessons, but also convenient for investment management.

15 Don't impose your emotions on the market.

First of all, the market is emotionless, which means that when you are in a bad mood, the market is not necessarily bad, and when you are in a good mood, the market is not necessarily dominated by you. Investors who want to give it emotion are deceiving themselves. Many investors often bet the wrong money on this issue, resulting in great losses.

16 Play with the money you can afford.

Another difference between investors and gamblers is that gamblers' bets are completely random, and their consideration is only to make big bets when expectations are high. In written language, it means "fund management is rather chaotic". But investors are different. When placing a bet, you should consider your family, wife and children, the loan period and "how to spend it tomorrow".

If all the money invested in the foreign exchange market is lost, will it affect your current life? This is a very important issue that investors should carefully consider. Of course, this is also the risk difference between the stock market and the margin market. Perhaps the foreign exchange market is more suitable for bachelors to invest.

17 If you feel that the hand wind is wrong, stop immediately.

This is a feeling of trading. Needless to say, everyone knows that there is no such thing as "hand wind". But sometimes feeling is very important for traders, because the bad luck you feel will give you a psychological hint, which will lead to unnecessary fear or anxiety. These emotions are undoubtedly very harmful to the transaction. It is said that before Colombian drug Lord Pablo Escobar was killed by the police, his aunt found a big fly hovering in front of Escobar, and a thin goblet fell to the ground while cooking lunch for him without breaking. It is said that this is a symbol of bad luck. So investors might as well throw a dozen goblets before trading, or call Aunt Escobar and ask her for advice-it's a joke and it's free.

18 Understanding market expectations

Since foreign exchange transactions are related to interest rates, inflation, disasters and wars, traders had better know what the world is like. The fluctuation of the exchange rate market is generally like this. For example, everyone expects the Fed to raise interest rates by 25 basis points. If the interest rate is really raised, then the market will not change, Bernanke will not respond, or the interest rate trend is contrary to market expectations, then the exchange rate may change significantly. Therefore, investors should try to understand the expectations of the whole market, but they don't have to follow others in operation.

19 Don't do too many transactions at the same time.

First of all, this will require more margin, and your trading risk will become greater. Secondly, various currency pairs are easily confused. If there are too many transactions at the same time and the energy is scattered, it is hard to say whether the traders will open their positions wrongly and cause some unnecessary non-systematic risks.

It is best not to continue to add positions at a loss position.

Generally speaking, it is meaningless to add funds to trading positions that lose money. More importantly, the additional funds are likely to continue to lose money before the capital turnover. A well-known trader said that he traded money just like retail, so he bought more marketable goods and got rid of the bad ones at a discount. In the foreign exchange market, there is no concept of buying the bottom in the stock market.

2 1 Don't leave during the inflation period.

If you are lucky, you have really made a correct analysis, and your transaction is to make money quickly. Generally speaking, senior traders will not leave at this time, because they generally think that the herding behavior in this market will last for a certain period of time, which is generally called "forming a trend". As we said before, many traders are busy grabbing icons at this time, and their trend judgments are basically based on this. Those analysts will rush to issue the view that "the previous market moving average has been suppressed and the trend has been formed". Since everyone worships the trend so much, this market mentality will really play a role in the short term, so the best way for investors is to stick to your investment method and not rush to open positions.

Don't trade excessively biased currency pairs.

Do you know what the currency of Saudi Arabia is called? Rial 1 Rial =20 Coorsh = 100 Harald.

Even if you like the name of their smallest monetary unit, you'd better not trade. Although Saudi Arabia is still a stable and wealthy country, if you choose Rial-related transactions, especially if there is no US dollar, the transaction cost may be high, mainly because the relatively rare currency pair will cause liquidity problems and the transaction time will be long-this problem is similar to that if you trade a minority collection, not only the waiting time will be long, but also the transaction cost will rise-so leave the rare currency to professionals to trade.