Seven iron rules for currency trading in the currency circle to help you make steady profits!
1. Strong currencies have a nine-day correction at high levels, so be sure to follow up
In the currency circle, once a strong currency has a nine-day correction at a high level, it often means that the adjustment is nearing the end, and this is a good time to follow up. Remember, always pay attention to market dynamics, accurately grasp the opportunity, and don't miss the opportunity.
2. For two consecutive days of rise, reducing positions is the best strategy
For any currency that has risen for two consecutive days, it is necessary to reduce positions in time. This is because after a continuous rise, there is often a risk of a correction. By reducing positions, risks can be effectively reduced and profits can be protected.
3. If the rise exceeds seven, you can eat more when it rises the next day
When a currency rises by more than 7%, there is often room for profit when it rises the next day. At this time, you can buy on dips and wait to sell when it rises the next day to realize profits. But it should be noted that the market is unpredictable, so be vigilant.
4. After the big bull coin pulls back, it is more stable to eat
For strong big bull coins, you must wait patiently for the end of its pullback before entering the market. This can avoid being locked in at a high position, and at the same time, you can buy at a lower price after the pullback ends to obtain greater profit space.
5. Three days of calm, observe for another three days or change coins
If a currency has no waves for three consecutive days, you can observe for another three days. If there is still no obvious change in the market, you can consider changing positions to other currencies with more potential. This can avoid funds being idle in a sluggish market and improve the efficiency of fund utilization.
6. No profit the next day, the cost price is sold
For any currency, if the cost price of the previous day is not earned the next day, it should be sold decisively. This is because the market changes rapidly. If you cannot make a profit in time, then continuing to hold may face greater risks.
7. The rule of the increase list, buy low and sell high
In the increase list, if a currency rises for two consecutive days, the fifth day will often be a very good selling point. This is because there is often a rule in the market. If there are three increase lists, there must be five, and if there are five, there must be seven. Therefore, buying low and selling high is an effective strategy to achieve steady profits. At the same time, be sure to control your positions and avoid the risks of over-trading.
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