How do novices improve their foreign exchange trading skills?
It takes time and process for beginners to improve their foreign exchange trading skills. If you have the guidance of someone who has experienced it, you can take fewer detours and enter the paradise of profit as soon as possible. The essence of trading is trading and understanding. Trading pays attention to actual combat, which means that you need to understand the essence of some transactions, that is, you should use your head instead of walking into the casino with chips and gambling like gamblers. 2. Trading needs patience. Open the trading software, the master first observes the market, observes the market trend, watches the data release of the day, and looks at the current trend-short-term, medium-term and long-term. Then, start to make trading plans, including entry point, stop loss point and profit point. At present, your own transaction is short-term, ultra-short-term or medium-long term, and then resolutely implement it. Novices, on the other hand, have not enough patience. They simply look at the current trend, place an order immediately, and then wait for a profit. Placing an order lacks the necessary patience. 3. Trading needs to abide by the rules. Obey the traffic rules when driving, and you will be safe. Trading also has trading rules. If you break these rules, you will pay the price of freedom. Trading should not be emotional, trading should not be impulsive, and you should know when you can trade and when you can't trade. If you quarrel with your lover, if you are in a bad mood, if you drink alcohol and go to the computer, if you are disturbed by guests, etc. At these times, you'd better choose to stay away from the market. Once the transaction fails, the price will be extremely heavy. 4. Trading needs thinking. Develop the habit of thinking in trading. Some good habits in trading can only be developed after thousands of transactions. Once you bring some habits in simulated trading into real warehouse trading, it doesn't matter as long as it is conducive to trading. As long as it hinders your transaction, you must make adjustments. Deal with it once, think about it once, and summarize it once. Good habits began to form. 5. Trading needs to control your emotions. Impulse of trading, recklessness of trading and a little mistake are all devastating blows to your position. Leveraged trading cannot be impulsive. The transaction should be calm, and the transaction should be profit or loss. If you control the loss, you win the profit. 6. Trading needs to be improvised. Keep the money, not afraid of no chance. There are always unexpected things in the transaction. Once the trading error is found, the first reaction is to close the position, which can solve all problems. Hesitation and waiting can be fatal mistakes. 7. Allow yourself to make mistakes in trading. Mistakes in trading are the guarantee of profit. Whether it is a mistake or a mistake, it is a normal phenomenon in trading. Don't deny yourself because of a mistake. How many people failed to do futures and ended their lives. Is this necessary? ! 8. You can bear the financial loss of the transaction. Don't use funds that affect your life, and don't lose money that you can't afford at all. There are gains and losses in the transaction. Once the transaction loses money, don't affect your life, otherwise you will raise the psychological pressure in the transaction to the extreme. 9. Trading needs to set a long-term trading goal. You have just come into contact with foreign exchange, and the transaction has just begun. It is inevitable to pay tuition. It is whimsical to profit from the initial transaction. Trading is a lifetime thing. Don't deny future transactions just because your current transaction is unsuccessful. Make a long-term trading plan for yourself. Constantly improve your trading level in the process of continuous learning. 10 years of study can make you profitable for the rest of your life.