Thirteen skills of foreign exchange investment
1. Foreign exchange speculation should be decided immediately.
There are many psychological factors that lead to failure in investing in the foreign exchange market. A fairly common situation is that investors face losses and know that they can no longer be happy, but they are often unable to make a decision because of indecision, so they get deeper and deeper and the losses increase.
Patience is also an investment.
There is a saying in the investment market that "patience is an investment". I believe that few investors can do this. People engaged in investment work must cultivate good endurance, which is often a key to success or failure. Many investors buy or sell prematurely, not because of their poor analytical ability or lack of investment experience, but because of their lack of endurance, thus incurring unnecessary losses.
Don't speculate in foreign exchange blindly.
Successful investors will not blindly follow the wishes of others. When everyone thinks they should buy it, they will wait for an opportunity to sell it. When everyone is in the same investment position, especially those small investors follow suit, successful investors will feel dangerous and change their routes. This is the same as the reverse theory. When most people say they want to buy, you have to wait for the opportunity to sell.
4. Face up to the market and abandon illusions.
Don't be emotional, look forward to the future too much and cherish the past. An American futures trader said: A hopeful person is a beautiful and happy person, but he is not suitable for being an investor. A successful investor can separate his feelings from his transactions.
Verb (short for verb) rejects other people's opinions.
When you grasp the direction of the market and make a basic decision, don't change your decision easily because of the influence of others. Sometimes other people's opinions seem reasonable and make you change your mind, but only afterwards do you find that your decision is the most correct. In short, other people's opinions are only for reference, and your own opinions are the decision to buy and sell.
The intransitive verb suspends the transaction appropriately.
Trading day after day will dull your judgment. A successful investor said: whenever my mental state and judgment reach 90%, I start to lose money. When my state falls below 90%, I start to lose money, so I will put everything down and go on vacation for a few weeks. A short break can help you re-understand the market and yourself, and help you see the direction of future investment. Investor motto: When you are too close to the forest, you can't even see the tree in front of you.
7. Foreign exchange speculation should be invested with spare money.
If investors invest with the necessary expenses of family life, in case of loss, it will directly affect the family's livelihood and the probability of failure in the investment market will increase. Because when using a sum of money that should not be used for investment to make money, it is at a psychological disadvantage, so it is difficult to keep an objective and calm attitude when making decisions.
8. Know yourself and know yourself when speculating in foreign exchange.
Need to know your own personality, impulsive or emotional tendencies are not suitable for this market. Most successful investors can control their emotions and have strict discipline, which can effectively restrain themselves.
9. Forget the past price.
"Past price" is also a psychological obstacle that is quite difficult to overcome. Many investors are influenced by past prices, which leads to wrong investment judgments. Generally speaking, after seeing the high price, when the market falls back, you will feel quite unaccustomed to the new low price; At that time, even if all kinds of analysis showed that the market outlook would fall again and the investment climate in the market was very bad, investors would not only not sell their products before these new low prices, but also felt very "low" and had the impulse to buy, and they were firmly stuck after buying them. Therefore, investors should "forget the past prices".
Stop loss should be set for foreign exchange speculation.
This is an important investment skill. Because of the high risk of the investment market, in order to avoid the loss in case of investment mistakes, we have to make a stop-loss order every time we enter the market, that is, when the exchange reaches a certain predetermined price and may fall, the transaction will be settled immediately, so this account is only an order to limit the loss, which can limit the further expansion of the loss.
When the eleventh is irregular, wait and see for the time being.
There is no need to enter the arena every day. Novices are often keen to enter the market, but successful investors will wait for opportunities and leave first when they are confused after entering the market.
Don't change your mind easily when speculating in foreign exchange.
Set the price and entry plan of the day in advance, and don't change your decision easily because of the current price fluctuation. It is very dangerous to make temporary decisions according to the price changes and market news of the day.
It is not advisable to speculate in foreign exchange excessively.
To be a successful investor, one of the principles is to keep more than three times the capital at any time to cope with price fluctuations. If you don't have enough funds, you should reduce the sales contracts you hold, otherwise, you may be forced to "lighten up" to release funds because of insufficient funds, even if it turns out to be accurate.
Whether investing in domestic or foreign markets, whether investing in general commodities or investing in financial commodities, the basic investment strategies are the same, especially in the more complicated foreign exchange market. Although their investment strategies are different, some of them are basic. The summary of the above strategies has considerable reference value for all kinds of investors.