What are the tips for foreign exchange trading?
Secret 1: Just make some money. Didn't you say make a lot of money? How to earn some money Don't worry, look down slowly. There is a knack for speculating in foreign exchange, and it is most important to grasp the level. The foreign exchange market is also short and fast, with a profit of 1-2% each time. How much is a year by month? Earn more and earn less, don't be greedy, look at it objectively. Tip 2: Hide if you can. Sometimes it's sunny and sometimes it rains in Wan Li. The rainy days in the foreign exchange market are usually from Wednesday to Friday in the first week of each month. At this time, there are important economic data released in Europe and America, and the market is in the information receiving period. Don't blindly enter the market at this time, otherwise you will lose your wife and lose your soldiers, and there is no place to cry. Tip 3: Enjoy time. Trading is not just a strategy, time can win everything. Time can make people tired and lose their minds. But time can also make people relax and enjoy. You must let yourself relax completely and recover completely on weekends. Tip 4: Accept the fact. 100% people speculate in foreign exchange to make money, but less than 1% people can always speculate in foreign exchange to make money. We must accept this fact in order to face this dangerous game with a correct attitude. Tip 5: Don't be overweight. 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. Tip 6: Don't be reckless. When you feel that the trend of the foreign exchange market is not clear enough and you lack confidence, it is better not to enter the market. Otherwise, it is easy to make a wrong judgment. Tip 7: Don't chase it to the end. In foreign exchange trading, it is sometimes a mistake to fight for several points. Some people set profit targets for themselves after opening positions. Tip 8: Seize the opportunity. The market refers to a bull market, and the exchange rate volatility is narrow. The market is a sign that buyers and sellers are evenly matched and temporarily balanced.