5 jingles in the currency market, remember to avoid losses
1. A little green in the midst of thousands of reds, hurry up and enter the market without relaxing
When a currency has been adjusted downward for many consecutive days and is red, if one day you find that the K-line appears green or a small positive line on the same day, this pattern will generally rebound higher the next day.
2. A wave of high water on the calm surface, pay attention to the big waves behind
When a currency has been sideways at the bottom for a long time, it has been in a small range of fluctuations for many consecutive days, and suddenly one day the market has a wave of upward jumps. In this case, it will generally not return to the past position for a long time. The main force has completed the accumulation of funds, and there will be bigger waves in the future market.
3. Loss-making to cover positions to protect principal, extravagant profit is greed
When the purchased currency is at a loss, being busy adding positions to protect principal is equivalent to putting good money in bad money, and putting good apples in bad apples. The final result is that the whole apple is rotten. Trading must have a spirit of admitting defeat. When something goes wrong, what you have to do is admit defeat and leave the market, rather than leaving your fate to luck. You must firmly grasp it in your own hands.
4. Don't buy low, don't sell high, and don't trade in sideways market
Don't buy low means don't buy when the currency price falls to the bottom you think, and don't sell when the currency price is at the high level you think, because when you think the currency price is too low or too high, other people have the same idea, and most of this idea is wrong. As for sideways trading, it means that when the currency price is in a narrow range, there is no so-called opportunity not to trade.
5. Buy Yang, don't buy Yin, sell Yin, don't sell Yang, follow the trend to be a hero
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