Ordinary people can also turn over in the currency circle if they master these!

Position management and skills in contract trading,

1. Control position

Reasonable control of position is the key to stable profit. If the account funds are 10,000 US dollars, the amount of each entry into the market should be controlled within 10%, that is, about 1,000. No matter how sure the market is, it is not recommended to hold a heavy position. If the order is losing money, do not increase the position against the market unless you have a huge amount of funds to bear.

2. Position management

Assuming that the account has 10,000 US dollars, it is recommended that the margin for each operation be controlled at 5-10%, that is, 500-1,000 US dollars, about 50-100 lots, and enter the market at different points 2-3 times.

3. Tips for filling orders

When filling positions, the position ratio can be set to 1:2:3, for example: 10 lots for the first order, 20 lots for the second order, and 30 lots for the third order. If leverage is used, the starting leverage is 20 times, and then it can be 50 times, 100 times, and a maximum of three orders can be filled, and the total position does not exceed 10% of the total funds. By flexibly adjusting leverage and positions, you can quickly recover losses or realize profits.

4. Leverage skills

In a big market, use small leverage to hold positions for a longer period of time to resist risks. When you enter and exit quickly, you can use large leverage. It is recommended to stop profit in time when the profit reaches 30-50% to avoid the risks brought by rapid market changes.