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Foreign exchange novice must learn foreign exchange trading skills

1. learn to establ Forex rebate k cashbackinforexgh a position, chop position and profit establishment position is the meaning of the opening of the opening is also called open, is to Forexrebateking a currency, while selling another currency behavior after the opening, if the timing is good, the opportunity to profit is large; on the contrary, if the timing of the market is not appropriate, it is easy to occur loss chop position is to establish a position, the currency held when the forexrebateindonesia rate falls, in order to prevent Losses are too high and take the closing stop measures For example, to 1.60 the exchange rate to sell pounds, buy U.S. dollars later pounds exchange rate rose to 1.62, see the nominal loss has reached 200 points to prevent the pound continued to rise causing greater losses, it will be at the exchange rate level of 1.62 to buy back the pound, sell U.S. dollars, to a loss of 200 points to end the exposure Sometimes traders do not recognize the loss, and insist on waiting, hoping that the exchange rate will return. Hope that the exchange rate back, so that when the exchange rate slides will suffer huge losses when the timing of profit is difficult to grasp in the establishment of positions, when the exchange rate has moved in the direction of their own favor, the closing can be profitable, such as buying dollars at 120, sell the yen; when the dollar rose to 122 yen, there have been 2 yen profit, so it will sell the dollar, buy back the yen to make the dollar position flat, earn yen Profit; or the original amount of yen sold in accordance with the original number of rolled flat, earn profits in U.S. dollars, which are flat profit behavior to grasp the timing of profit is very important, flat too early, not much profit; flat too late, may delay the timing, the exchange rate trend reversal, not gain but loss 2. buy up not buy down foreign exchange trading with stock trading, rather buy up, not buy down because the cashback forex rise in the process of only one point is to buy the wrong In addition to this point, any other point to buy is right to buy when the exchange rate falls, only one point is right to buy, that is, the exchange rate has fallen to the lowest point, like falling to the floor, can no longer be low in addition to other points to buy are wrong due to buy when the price rises, only one point is wrong to buy, but in the price Therefore, the chance of profit when buying at rising prices is much greater than when prices are falling.3. Pyramid mark-up Pyramid mark-up means: after the first time you buy a currency, the currency exchange rate rises, and you see that the investment is correct, if you want to increase your investment, you should follow the principle that the number of mark-ups each time is less than the last time so that the number of buy-ups will get smaller and smaller, as in. Pyramid like because the higher the price, the greater the possibility of approaching the top of the rise, the greater the danger 4. buy (sell) on rumors, sell (buy) on the facts foreign exchange market and stock market, as often circulated some news and even rumors, some news later proved to be true, some news later proved to be nothing more than rumors traders practice is to buy immediately when you hear good news, once the news The same is true when bad news comes out, immediately sell, once the news is confirmed, immediately buy back if the transaction is not fast enough is likely to incur losses due to market movements. 5. do not lose money when the increase in the buy or sell a foreign exchange, encounter the market suddenly in the opposite direction when the rush, some people will want to increase the size to do again, which is very dangerous, for example, when a foreign exchange continuous rise After a period of time, the trader chased high to buy the currency suddenly the market reversal, fell sharply down, the trader see lose money, they want to buy a single code at a low price, in an attempt to pull down the first single exchange rate, and in the exchange rate rebound, two single together to close positions, to avoid losses this code practice to be particularly careful if the exchange rate has been rising for a period of time, you buy may be a top, if the more down the more buy, continuous code, but the exchange rate Always do not turn back, then the result is undoubtedly a vicious loss 6. do not participate in the uncertain market activities when you feel that the trend of the currency market is not clear enough, and their lack of confidence, to not enter the transaction is appropriate otherwise it is easy to make a wrong judgment 7. do not pursue the whole number of points in foreign exchange trading, sometimes for the strong fight a few points and missteps, some people in the establishment of positions, set themselves a profit target, such as to earn enough 200 U.S. dollars or 500 yuan, etc., the heart of the moment waiting for the arrival of this moment sometimes the price is close to the target, the opportunity is good, just a few points not in place, could have closed the money, but due to the original goal, in the waiting missed the best price, sitting lost opportunity 8. in the plate bureau breakthrough when establishing positions plate bureau refers to the bull market, the exchange rate volatility narrow plate bureau is buyers and sellers are evenly matched. Temporary balance in the performance of either the process of rising or falling in the process of plate, once the end of the plate, the market price will be broken off and up or down, a breakthrough forward This is a good time to enter the market to establish a position, if the plate belongs to the long-term cowhide, break through the plate when the position established by the opportunity for greater profit price jump meaning price jump refers to the region on the chart did not occur in the uptrend, a day the lowest price is higher than the previous days price. In an uptrend, the lowest price of a day is higher than the highest price of the previous day, in a downtrend, the highest price of a day is lower than the lowest price of the previous day, leaving a gap or gap on the chart that cannot be covered by the price of the day Upward jump indicates that the market is firm, while downward jump is usually a sign of market weakness Jump phenomenon in the long-term nature of the image appears to have a greater impact on the future trend, so do not ignore the impact of price jumps up The graphical meaning of the triangle rising triangle is formed by the evolution of the symmetrical triangle rising triangle reflects the market buyer power than the seller, but each time at the same level to meet the selling resistance, forming a horizontal resistance line reflecting the selling resistance on the other hand, a support line reflecting the demand situation will also be formed because the buyer power is greater than the seller power, the bottom is constantly raised, showing an upward sloping trend up Triangles indicate an uptrend after a breakout Usually an ascending triangle is a continuous pattern investors wait for the triangle to break and a clear trend to emerge before following through
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