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What are the rules of foreign exchange trading?
Foreign exchange trading rules:

1. Follow the trend. It is almost impossible to profit from bad trend trading. Many trends usually last for a while. If traders are already standing in the opposite direction of the trend, then adding positions only loses more. Contrary to the market trend, the risk is too great.

2. Don't chase the highest price and the lowest price. These two prices are never accurate. It is very unrealistic to want to sell before the price correction or buy before the price bottoms out. Logically speaking, "buy low and sell high" is the most ideal and achievable in theory, but in reality it is never possible to predict when they will come.

3. No status, no trading. Trading with emotions is a taboo in the foreign exchange market, and emotions have a great influence on trading. If the trader feels bad, he can give himself a day off. You can enjoy complete freedom, spend a day easily and avoid losses at the same time.

4. Don't take risks. If the failure of the transaction is a foregone conclusion, don't take chances, let alone expect a miracle. If the stop loss is broken, the stop loss should be decisively stopped, and if necessary, the position should be decisively closed, otherwise it will only get deeper and deeper. It is the right choice to clear your mind and start a new round of trading.