Only 100 US dollars, how to fry foreign exchange?
In the foreign exchange margin market, it is very difficult for small investors under $1,000 to survive. Where is the difficulty? The difficulty lies in the immature technology of the orderer and the lack of understanding of the leverage principle of the foreign exchange margin market; the difficulty lies in the confusion of the fundamentals and the difficulty in judging the trend.
From the current reasons for small losses, they have in common: 1. Frequent operations, frequent sweeping orders; 2. Position control is not good, and large positions are operated; 3. Always want to rebound and operate against the trend; 4. There is no set of trading templates that you are familiar with; 5. Lack of patience, always relying on personal subjective intentions such as "I think it is going to fall" and "I think it is going to rise" as the basis for entry operations; 6. Do not set stops and profits. Once you make a profit, you can't hold it. Once you lose money, you will die; 7. Listen to the wind and casually hear others say that if the pound falls, you will short the pound, and if the euro rises, you will have more euros; 8. Full of gambling, always enter the market with a gamble mentality.
The above eight aspects basically cover the current operation methods and operation mentality of small households, which are the dead end and unavoidable problems in the current operation of small households, and the main reasons for most small households to liquidate their positions.
Small household funds only become small households because: 1. He has no money, he only has a little moneyforeign exchange marketCome and try his luck; 2. He has more than this money, but he is afraid that it will not be safe to send the money abroad, so he first uses this money to ask for directions and test it first; 3. If his skills are not good, he will use this money to practice his skills first.
The foreign exchange market is a very risky market. Where there is risk, there is profit! It is precisely because of this that more and more people have been attracted to join the ranks of foreign exchange margin.
The trick to making small money orders and some discipline that must be enforced
1. The simulation and the real position are advanced at the same time. When making a real position, you can apply for a simulation account with the same funds at the same time. You can use different platforms to open two windows, one real position and one simulation. Because that can be prevented. After the simulation position and the real position are changed, there is no risk of changing the lot number in a hurry. When you don't understand it and want to do it, please use the simulation long or empty, and use the profit data changes of the simulation account as the basis for your real position. This is called simulation opening, real position follow-up, (simulation profit follows up in the same direction, simulation loss follows up in the opposite direction)
2. Be sure to follow the trend. Small funds can be ordered in 5 minutes or 15 minutes. If the moving average is long, there will be more above, and if it is empty below. Turn off the computer to rest immediately after realizing the profit on the day, don't be greedy, the greedy will die!
3. Be sure to get into the habit of setting a stop loss when making an order (this habit is almost impossible to make money without a person who has developed it! Absolutely not!). The reason is: if you don't set a stop loss, you don't know what will happen next. After you place an order, there are too many things that may happen. Say very realistic things such as power outages, platform disconnections, computer failures, etc., and say bigger things such as earthquakes, 9/11 special events, wars, leadership speeches, data, etc. You can set a stop loss larger, but you must set it. Just list these things that you think may not happen, just to convince you to set a stop loss!
4. Profit, as long as you follow the trend, you must hold it! If you buck the trend and grab a rebound, any profitable position squaring is right. If you follow the trend and lose money, don't die, when the loss in capital reaches 5%, 50 points or 80 points, you must break the arm of the hero! If you leave immediately at 30 o'clock, you can immediately implement a backhand. But when you have risen to 80 to hundreds of points, just wait and see.
5. Be sure to control the position, 1000 US dollars warehouse, 100 leverage generally do 0.1 lot, 400 leverage can do 0.2 lot, but even if the novice steps down, he has to stick to 0.1. I won't say the reason, I'm tired, tired, bored, and don't want to say it anymore! Those who liquidate their positions and lose money have realized that he knows the reason, but he always humbly admits it and never repents! It's no use for a novice to say it 10,000 times! It's like saying to a three-year-old child: Child, tigers bite people! But he can't understand it, because he has never seen a tiger, and he only knows when a tiger bites off one of his legs. Novices can forgive, but those who have exploded their positions cannot be forgiven. If you can't do it, listen to my advice: don't do it! You are not suitable for this risky market, choose to launch it!
Basic concepts and rules of master making orders (2009-07-10 06:47:46)
Category: Foreign Exchange Trading
One of the rules of foreign exchange speculation is that the simpler the method, the flatter the mentality, and the greater the profit. For the many indicators and indices that Huimin comes into contact with every day, try to use as little as possible, and it is best to use the simplest, easiest to understand, and the closest indicators; when choosing a currency, you should be cautious about currencies that are not actively traded. Individual foreign exchange investors should be very helpful if they can grasp the eight concepts of foreign exchange speculation.
First, trends are friends and foes. Because trends are stable, they can easily make us let our guard down, so it is important to keep in mind that the longer a trend runs, the closer it will be to breaking.
Second, buy (sell) when you hear the news, and sell (buy) when the news is confirmed. Don't pursue the truth or falsehood of the news, but should act decisively in the direction of fluctuations caused by the news, buying good news and throwing bad news. Once the news is clear, whether it is true or false, it will be reversed and profits will be taken. Don't be reluctant to settle because the news is confirmed to be true, because when the news is confirmed, it is the time when the market reverses.
Third, buy up and not buy down, sell down and not sell up. When the trend is up, there is only one possibility of error, that is, buying at the highest price. When the trend is down, only buying at the lowest is correct, but maybe your funds have been used up in the previous operation.
Fourth, the "pyramid" is up the ante. Currency exchange rates should rise according to the principle of "each time the amount of up the ante is less than the last time", because the higher the price, the greater the probability of approaching the peak of the rise, and the greater the danger.
Fifth, don't up the ante when you lose money. After buying or selling a currency, if the market suddenly moves in the opposite direction, some people will up the ante again, which is very dangerous. If the exchange rate never turns back, the result is undoubtedly a vicious loss.
Sixth, open a position when the market breaks through. If the market is a long-term bull, the position established when the market breaks through has a better chance of winning.
Seventh,AihuaDon't blindly pursue integer points. You could have received the money equally, but due to the original goal, you missed the best price while waiting and missed the opportunity.
Eighth, do not participate in uncertain market activities. When you feel that the trend of the foreign exchange market is not clear enough and you lack confidence, it is advisable not to enter the market, otherwise it is easy to make a wrong judgment.
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Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
