In foreign exchange trading, if you can't control your hands, then it is very likely that a margin call will become a common thing. Many people see others making money and want to try it. Here, I personally suggest that it is best to treat it as a small investment and not get too involved.

First of all, don't trust your intuition too much. The key is not to listen to what others say, but to pay close attention to what is actually happening in the market. Market changes are the most real signals, and intuition is often easily affected by subjective emotions, leading to wrong judgments.

Secondly, it is very necessary to master certain basic knowledge. You need to understand the concepts of standard lot, spread, commission, etc. At the same time, you should also have a certain understanding of technical analysis indicators such as MACD, KDJ, moving average, golden section, etc. This knowledge can help us better understand market trends and price changes.

Furthermore, you should maintain a good attitude. Profits are normal, but you should not be complacent because of temporary profits, nor should you panic because of temporary losses. Only when you have a stable mentality can you make rational decisions.

In addition, we should communicate more with experienced investors. Learning their trading methods, skills and experience can help us avoid many detours. The experience of others is a valuable asset that can provide us with different perspectives and ideas.

Finally, of course, you need to learn more about gold investment and other related knowledge to constantly enrich yourself. Make a good summary every day, because practice is the only criterion for testing truth. Only after a large number of real transactions can you really be considered to be an entry-level investor in foreign exchange. Novices in gold and foreign exchange trading can first apply for a free demo account to familiarize themselves with the market and operating procedures through simulated transactions. At the same time, reading e-books on gold and foreign exchange such as Japanese candlestick chart curve analysis can also help us better understand foreign exchange trading.

The basic principle of foreign exchange trading is to make a profit by judging the future changes in exchange rates. If you think that the euro will rise against the US dollar, you buy the euro/dollar exchange rate. If the exchange rate does rise in the future, you can make a profit. This way of buying is to go long, which is an investment method that believes that the exchange rate will rise in the future. The opposite is selling, that is, going short, which is the same as exchanging euros for dollars, and then waiting for the exchange rate to rise and then converting it back to euros to earn the difference.

Conclusion:
In foreign exchange trading, we must maintain a good attitude and ensure that the available margin in the account is sufficient. We must understand foreign exchange news and information, and we can judge the long-term trend through fundamental news. Only in this way can we move forward steadily in foreign exchange trading and achieve the goal of profitability.

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