Six iron laws of the currency circle

1. Only participate in the irreversible upward trend of the market

As an investor, you must dare to admit your mistakes, correct them at any time, reject uncertain market trends, do what market makers must also adapt to, and know how to follow the trend.

2. Reject frequent transactions

The casino is open 24 hours a day, so there is no need to open orders frequently. There is a lot of logic here such as timing, trial and error, position control, etc. What we recommend is waiting for the perfect opportunity like a hunter, rather than shooting randomly when you see prey. invest.

3. Don’t be superstitious about technical indicators

First of all, we must admit that any technical indicator has its own lag. For example, when the MACD indicator sends a golden cross buy signal, the currency has actually risen for a wave, and when the golden cross appears, you are likely to be the taker!

4. When buying, forget the cost price

When you start going short or long, its cost price has nothing to do with any subsequent operations, because whether to sell or not depends on the market trend, and has nothing to do with whether you are still profitable. If the pattern goes well, continue to hold it. If the situation goes bad, reduce the position or even clear the position.

5. Participate with funds you can afford to lose.

There are risks in investing in currency speculation with spare money. Investors can invest more money after mastering the tips of making money from the game. Before that, you must participate with funds you can afford to lose. Borrowing money often results in miserable losses!

6. If you make a profit, withdraw money on time.

Without withdrawals, everything is just numbers. Investors in the currency circle are the same as gamblers who have not walked out of the casino. No matter how much money they make temporarily, they are not considered winners. Only when you withdraw cash from the market can you say that you have the last laugh. In the currency circle, it is a good habit to withdraw money on time.