Basic skills for speculating in foreign exchange

Some foreign exchange speculators find it difficult to understand the technical analysis indicators and are timid about them. In fact, in addition to technical indicators, we can also observe the trend of the exchange rate to grasp the opportunity to enter the market.

The first stage. It is the late stage of the recovery stage. At this time, the market trend intends to push up again, but the long position can't break the previous wave of highs with hard work, and finally breaks through the neckline to achieve the head and enter the decline stage. At this stage, the early medium and long-term buying should be shot, and the short-term can try to do fast-forward and fast-out interval operations.

Rising stage. When the exchange rate breaks the neckline at the bottom of the previous stage, it indicates the beginning of a rising trend, and the rising height is the vertical height of the bottom of the previous stage. This stage is like a young man with sufficient strength, desperately staying ahead and running far and jumping high. Although it is not very endurance, it can start again after a short rest when encountering hardship. Just like the main stage of the market's rise, the amplitude is large and the speed is fast. Although it has not been long in a row, it can immediately mobilize a new round of upside attack if it encounters pressure on the upper gear. The initial stage of this stage should be the best opportunity for us to chase after the purchase heroically. The rising stage is also an important source of our profits.

Bottom-building stage. The exchange rate bottoming form generally has three bottoms, head and shoulder bottoms, double bottoms (W bottoms) and semi-round bottoms (pot bottoms). The larger the lateral construction area of the bottom, the more kinetic energy of the accumulated Accrual on behalf of the rise, and the greater the range of rise. At this stage, the interval operation of buying low and selling high should be carried out. If you are old-fashioned, you can scrap the profit opportunities of this stage and move to the next stage.

foreign exchange market24-Hour continuous operation, rising and falling, never quieting. Its trend is like day and night on the earth, repeating itself. Absolutely, we can divide the trend of the exchange rate into four stages: bottoming, rising, topping and falling. These patterns can be determined by inspecting the exchange rate trend chart such as the commonly used K-line chart.

Down stage. The same as the rising stage, but in the opposite direction. In this stage, people are disengaged, how to speculate on foreign exchange online, the exchange rate is unable to support, and the decline speed is rapid until the momentum dissipates and turns to the bottoming stage. In the falling stage, you should firmly sell the decline, and the stop loss should be quick to stop the loss, otherwise you will lose your grandeur.