Four skills of mt4.mt5 foreign exchange trading practice

Reading thousands of books and traveling thousands of miles, learning knowledge is very important, and more importantly, personal practice, combining theory with practice, which is the general strategy of scholarly pursuits adhered to by our ancestors.

The same principle also applies to foreign exchange trading. While mastering trading skills, we should use them in practice to understand the true meaning of the market in the gap between frustration and success.

Of course, this is bound to take a long time. In order to make novice investors pay less tuition to the market, xingyalong trend tracking network has summarized several general skills.

Technical analysis is an important basis for decision-making, but we should not blindly superstitious? In the final analysis, technical analysis only provides a possibility of high probability,

In order to improve the accuracy rate, we can combine the trend tracking system of xingyalong and technical indicators to analyze and learn from each other.

 

 

 

Learn to read market charts

Foreign exchange trading gains by predicting the price trend of the underlying assets, and has little to do with the fluctuation range. However, understand the market chart,

It can help investors make better judgments; It is also necessary to master this skill.

Control position

Reasonable position control is an important means to avoid risks. Generally speaking, the higher the position, the weaker the anti risk ability, and the higher the risk.

Before trading: the proportion of capital operation should be reasonably controlled according to the amount of capital and the degree of anti risk, so as to minimize the risk.

Learn to stop loss

It is impossible to make 100% profits in foreign exchange transactions. Excessive losses should be avoided when making losses.

In fact, the loss is not terrible. The terrible thing is to lose all the principal and lose confidence in trading. In order to avoid the worst case, stop loss lines should be set before trading, and the loss should be decisively withdrawn to a certain extent.

Learn to stop surplus

Sometimes, continuous profits can also bring losses, and money fans are obsessed with it. They are greedy for work and rash, and the situation is changed. Finally, it ends in a gloomy end.

The market is changing all the time. The last second is still profitable, and the next second may lose money. If the investment is uncontrolled, the higher the trading frequency, the higher the probability of loss. Because of the ratio, it is also necessary to set the interference stop line

refine on

There are many trading skills, so it is difficult to master all skills. Instead of seeking perfection, it is better to master several moves and improve the investment level.

After all, people's energy is limited, learning 100 skills; Each skill can only be invested with 1 distraction. Learning only 1 skill can be invested with 100 distractions. The effect is naturally very different.