Buying the bottom and escaping from the top are undoubtedly the two key skills in currency investment. During many years of experience in the currency circle, a senior leader taught me his valuable experience, which I refined into the following four rules:
First of all, when the currency price is in an upward trend and encounters a short-term correction, if the decline is limited and the trading volume shrinks significantly, this often indicates that the currency price is expected to continue to rise. However, once the currency price reaches new highs continuously, but is accompanied by a shrinking trading volume, this may be an early warning signal of peaking, and you should be extra vigilant at this time.
Secondly, when the currency price is at a low level and fluctuating sideways, do not blindly intervene. Only when the currency price reaches a new low and can quickly recover the previous falling area, forming a so-called "golden pit", is it a safer time to enter the market.
Furthermore, for a variety that has been sideways at the bottom for a long time, once it breaks through the sideways range and undergoes a short correction, if it can start again and break through the previous high, this often indicates that a larger wave of rising prices is coming.
Finally, when a product continues to hit new highs and then moves sideways, and attempts to rise multiple times but with limited range, accompanied by multiple falls, this is likely to be a bullish signal. Investors should keep a clear head and avoid being fooled by illusions. .
As for the specific layout strategy, variety selection and profit maximization method, this needs to be flexibly adjusted according to market conditions and personal risk preferences. In my pinned article, I will provide you with a detailed analysis of the skills and experiences in these aspects to help you move forward steadily in the currency circle investment.
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