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Speculation in foreign exchange practical skills summary

speculation cashback forexef="">rebateforexindonesia foreign exchange can Forex rebate for you just rely on luck Forexrebateforyou intuition if you do not have a fixed way of getforexrebate, then your profit highestrebateforex likely to be very random, that is, by luck this profit can not last long or one day bad luck will have the same loss trading intuition is important, but only rely on intuition to do trading is a risky behavior, understand the reasons for profit and the development of your personal profit-making operation is the most It is important to make good use of stop-loss orders to reduce risk when you make a trade at the same time should establish a tolerable range of losses, make good use of stop-loss trading, in order not to appear a huge loss, loss range according to the account capital situation in case of stop-loss also dont euphoria, because you have removed the market continues to turn bad, the risk of infinite expansion of losses make good use of financial budget, do not use the necessary funds for capital do not use your life funds for the capital of the transaction, do not use your life funds for the capital of the transaction, do not use your life funds for the capital of the transaction. Too much financial pressure will mislead your investment strategy, increasing the risk of trading, and lead to greater mistakes make good use of free demo accounts, learn to speculate in foreign exchange for beginners to learn patiently, step by step, do not rush to open a real trading account can first try a demo account, in the learning process of demo trading, your main goal is to develop a personal operating strategy and style, when your chances of profit is increasing, the monthly profit amount The faster you get into the situation, the faster you can develop the appropriate skills that can be applied to real trading. In general, you should not risk more than 10% of your account at any one time. Once the loss has reached the original limit, dont hesitate to close the position immediately! The smaller the trading account amount, the greater the trading risk, so avoid letting the trading account is only enough to 50 points fluctuation level, such an account amount is not allowed to make a mistake, but even experienced foreign exchange speculators also have errors in judgment when mistakes are inevitable, to remember the lessons, do not repeat the mistakes and losses are inevitable, do not blame yourself, the important thing is to remember the lessons from In addition, learn to control your emotions, dont be proud of the money you made, and dont be frustrated by the losses. The less personal emotions you have, the better you will be able to see the market and make the right decisions. When you understand the reason for each loss, it means you are one step closer to profit, because you have found the right direction. There is no standard rule on how much you must trade within a certain period of time. Keep a detailed daily record of the factors that determined the trade, whether there were any events or other reasons that made you make a trading decision, and then analyze the trade and record the profit and loss results. Trading records will help you to make the right trading decisions quickly; of course losing trading records will allow you to avoid making the same mistakes again You cant keep all your trading experience in your head, so this record will help you to improve your trading skills and find out what went wrong. Another important rule is not to let losses occur on the original profitable parts, in the face of a sudden market reversal, rather than closing positions in the absence of a profitable situation, do not let the original profitable positions into a loss situation Do not have the eagerness to turn over the trading mentality in the face of a loss situation, do not rush to open a new position to reverse the attempt to turn over, which often only makes the situation worse only if you think the original forecast and decision Only if you think the original forecast and decision is completely wrong, you can close the losing position as soon as possible and then open a new position in the opposite direction Do not play the guessing game with the market changes, missed trading opportunities are better than incurring losses Each time is an independent transaction Never link two or more transactions together! Remember that each transaction is an independent transaction for example, in 106.00 after selling the yen in 105.50 stop loss 3 days later, after analysis, that the dollar will rise now can buy the dollar to sell the yen, but the current price of 105.80, at this time, do not think that the last transaction in 105.50 stop loss, now to put in 105.80 is very uneconomical, must wait for the last stop loss level 105.50 below Such a connection is not only unhelpful, but also easy to miss a good opportunity! As long as the analysis, determine the entry, stop loss, profit level of this transaction, you can decisively enter the market

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