Recently, short-term trading has become the choice of many people. In order to improve the success rate of short-term trading, there are six points that must be paid attention to:
1⃣️Emotional cycle: trade in the rising cycle of market sentiment and avoid operating in the period of emotional decline.
2⃣️Hot sectors: choose sector currencies with hot effects, and do not participate in non-mainstream or weak projects.
3⃣️Right-side trading: give priority to right-side trading, that is, buying after the trend is clear, to improve the efficiency and certainty of trading. Left-side trading, that is, predicting and buying before the trend is formed, usually requires more time cost.
4⃣️Market timing: short-term trading when market conditions are favorable has a higher success rate. When market conditions are unfavorable, you should be more cautious, especially to avoid chasing highs in the acceleration stage.
5⃣️Familiar currencies: only trade those currencies that you understand and are familiar with to ensure the certainty of the transaction.
6⃣️Fundamental analysis: choose currencies with good fundamentals, moderate market value, and sufficient room for growth for short-term trading.
Short-term trading requires investors to have quick response capabilities and sensitivity to market sentiment. By following these precautions, you can improve the efficiency and success rate of short-term trading.