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Forex trading tips and methods

In the eyes of many investors, foreign exchange trading is easy to learn and quick to learn, but this does not mean that foreign exchange trading does not require certain skills, and indicators and technical analysis methods must be dabbled in, especially a Minute K-line chart, it is the ticket to the door to profit.

Some people may say that 1 minute is too short. I haven’t had time to see the market trend clearly and it has passed. How can I analyze it? Let me tell you how to pass it. One-minute K-line chart to master the skills of placing orders in foreign exchange transactions.

Techniques for judging strength and speed:

If two K-lines appear on the one-minute K-line chart, and there is a significant price difference between each K-line, it means that the trend is strong. Usually, the longer the trend span, the more positive lines appear, and the more obvious the price difference, the greater the confidence of investors in placing orders.

Judge the trend based on the time period:

Based on the different cycles, the K-line can be divided into hourly chart, daily chart, weekly chart and monthly chart. The 1-minute K-line chart is used to determine the precise entry point, the hourly chart and daily chart are used to analyze short-term trends, and the daily chart and weekly chart are used to study mid- to long-term trends.

Techniques for judging direction:

Forex trend movements must also follow inertia. When the market trends tend to be unified, the probability of movement in the opposite direction is very low. At this time, the probability of making a profit is higher. In addition, the direction of trend movement is mostly determined half an hour after the opening. If the trend is rising, the market is more likely to close with a positive line that day, so everyone should be cautious when buying or selling; if it is in a downward trend, the probability of the market closing with a negative line that day is greater, so Be cautious when buying up.

When using the one-minute K-line chart order method in foreign exchange transactions, everyone should also pay attention to one thing. When the market rises or falls at 45 degrees, the trend moves very quickly, so you must seize the opportunity in time to place an order. opportunity. Investors have a huge advantage in terms of order operation speed. They can successfully place an order in as little as 0.01 seconds, avoiding transaction delays and slippage, and effectively improving the success rate of transaction orders. Follow this website to learn more about what foreign exchange is.