I know that many of those who were able to make a profit during this month lost it in the last week.

Because the issue for them, as some analysts portrayed it to them, is to buy at a time of decline and hold or sell at a time of rise.

We ignore that the decline may be followed by many other declines, so if you buy at the first decline, you will also lose because another series of declines occurred, and you do not have patience. You will withdraw at the first or second decline and sell, so instead of losing, you will lose losses. Also, regarding the rise, how do you buy when it rises? Is there a certain point?

No, of course, the issue is related to caution and not greed

The matter is related to the necessity of reading and monitoring your currencies periodically, and whenever the rise is crazy and you are able to achieve profits, there is a strong possibility that it will fall in the same way in which it rose.

Then you have to monitor your currencies and how they rise and fall. After continuous monitoring, you can know the times of buying and selling.

It makes no sense to expand into buying currencies without having time to monitor and know the market.

Staying away from greed is the most important thing at all stages.