Nine trading tips

Observe the early trading trends: If the price of the currency drops sharply in the morning, it may be a good opportunity to buy; if the price of the currency soars in the early trading, you need to carefully consider whether to sell and avoid chasing high prices.

Afternoon market judgment: If the currency price continues to rise in the afternoon, you should avoid blindly chasing the rise; if the currency price drops sharply in the afternoon, there is no need to rush to operate, you can observe the market trend of the next day before making a decision.

Respond to sharp drops steadily: If the price of the currency drops sharply in the morning, there is no need to panic sell. You should stay calm and observe the market trend before deciding on operations. If the price of the currency goes sideways for a long time, you can take a break and adjust your trading strategy.

Don’t trade blindly: Don’t rush to sell when the price of the currency doesn’t show a clear upward trend; similarly, don’t buy blindly when there’s no pullback. When the price of the currency is sideways, you should patiently wait for clear signals from the market.

Choose the trading time: When buying a currency, you can consider buying when the price pulls back to the negative line; when selling, you can observe after the positive line of the rising price, and sell when the negative line appears.

Be cautious when trading against the trend: Although the market often says not to go against the trend, in some cases, trading against the trend may bring opportunities. However, this requires rich market experience and accurate judgment, so don't blindly follow the trend.

Observe the consolidation trend: When the price of the currency is consolidating at a high or low level, you should remain patient, observe the market trend, and wait for clear trading signals.

Be wary of high-level breakthroughs: If the price of a currency suddenly rises again after trading sideways at a high level, it may be a signal that the market is about to turn around. At this time, you should carefully consider selling to avoid being trapped at a high level.

Identify risk signals: When risk signals such as the hammer doji appear in the market, you should be vigilant, especially for fully invested investors, who should re-examine their positions and risk tolerance.