In financial transactions, there will be certain transaction costs, and foreign exchange transactions are no exception. Mainly manifested in currency spreads, transaction costs and overnight interest. In fact, most agents provide STP mode. In this case, the commission cost is usually reduced, and only the difference cost is available. In the case of active market and sufficient liquidity, the spread cost is usually relatively small, so the foreign exchange transaction cost is actually very low, usually at the level of several thousand dollars.

As long as the market goes up or down, there will be a price difference, which means profit and opportunity, so it is easy to think that every time there is an opportunity in the foreign exchange market, it is also an opportunity for ups and downs, and a full-screen opportunity is waiting for you to attack; In the actual transaction process, people's emotions are easily affected by market fluctuations. It can be said that the most taboo is emotional trading, but it is difficult for many people to avoid this, so it is easy to chase up and down in the market and bargain-hunting. To be exact, after the loss, retaliatory trading breeds, buying and selling crazily to restore profits.

Most investors are bullish after being obsessed with the stock market for a long time. Psychological existence is bearish and persistent, and everything feels bad. This is called control illusion. You think you are in control, you touch your subconscious, you turn your desires into actions, rationalize your desires, and act like a rational one. In fact, when the market goes up and down, your prejudice and desire will lead to excessive behavior. Dangerous prejudice gives you an illusion of control and leads to frequent transactions. The important thing is whether you can break the prejudice and inner attachment at that time. Usually, the drastic changes in the market will make investors lose their psychological balance and feel at a loss. In order to relieve anxiety, they will unconsciously use it? Day trading? To control the situation. Because there are so many on the market? Emotional-driven traders? ,? Logic-driven trader? In order to provide higher returns.

A management system that suits you can use rules and regulations to restrain any trading behavior, thus avoiding it? Overdraft? The purpose of the transaction and account. Traders can effectively return to rational trading and fundamentally reduce the overall transaction cost by using scientific and reasonable thinking mode. The same is true for investment/trading, with operational skills accounting for 20%, fund management accounting for 30% and mentality accounting for 50%. Through time, reading is the market, taste is the gain and loss, aftertaste is the gain and loss, precipitation is the experience, and achievement is the realm.