European Central Bank President Lagarde revealed that her son suffered huge losses in currency speculation and lost 60% of his investment. What information is worth paying attention to?

I have speculated in foreign exchange.

Many years ago, a foreign exchange trading platform pushed an advertisement to me, saying that it could simulate trading.

Anyway, I have nothing to do, so I opened an account and tried to play.

After opening an account, the platform will automatically give me a capital of 1,000 US dollars. Red wine and cigars, this is where young club models start.

Anyone who has paid a little attention to foreign exchange knows that the fluctuation range of mainstream currencies is the weakest among various financial transactions. For example, the exchange rate of RMB against the US dollar has fluctuated over the past ten years. What is the difference between the lowest value and the highest value? 20%. Yes, it has been going back and forth for more than ten years, with just a little fluctuation.

As a result, when financial news reports exchange rates, they do not use percentages, but basis points. For example, you will see that the RMB surged by 400 basis points yesterday. You thought you could plan a trip to ten European countries with this month's salary. If you look carefully, you will find that it actually increased by 0.6%.

So my $1,000 is destined to have nothing to do with the young model in the club.

How can such a boring transaction attract ordinary people to participate? Get leverage!

At that time, the highest leverage the platform gave me was 1,000 times. This means that the actual amount I can trade is $1 million.

For example, if I open a position and buy RMB/USD with an amount of US$1 million, if the RMB rises by 1% relative to the US dollar, I can earn US$10,000. Compared with my principal of US$1,000, my rate of return is 1,000%. This is a lot of fun.

With the mentality of giving it a try and the principle of not putting all eggs in the same basket, I very carefully opened an order with 200 times leverage.

The example just mentioned is not finished. If you open 200 times leverage, once the price drops to 0.5%, you will lose all your principal, and the system will force the position to be liquidated, with a loss of 100%.

So my account was cleared that night.

Then I will definitely not give up. I will register an account the next day and continue.

This time I read a lot of international financial and political analysis articles in advance. Based on the analysis of historical data, I chose the Japanese yen/US dollar as the trading target. I also drew long, medium and short-term trend charts on the software in advance, and set resistance points, support points, and stop points. Loss points.

Everything was ready, I chose an auspicious time, and the position was officially opened at 9 p.m.This time I was more cautious and only opened 100x.

By 12pm. My account became $16,000.

In the past three hours, I may have traded more than twenty times, chasing ups and downs. That night, I was in a strong state. The price rebounded when it encountered a support level. I immediately opened a position to follow up. When it encountered a resistance level, I immediately backhand and went short. The price Also fell back obediently. The few times I made wrong judgments, I also stopped my losses promptly. At that time, I felt that I had an insight into the economic trends of the entire world, and I had grasped the essential laws of economic operation.

After 12 o'clock, I started to study how to transfer money to the account, and I was ready to fight with real swords and guns. Later I found out that it was not possible in China, so I had to open a bank account in Hong Kong. What makes me angry is that in my job with a monthly salary of 3,000 yuan, I definitely can't take leave. That will deduct money, and I can only wait until the weekend. Do you know what it means to waste my time these days? 16 times in 1 day, 256 times in 2 days, and 4096 times in 3 days. As a programmer, I know these numbers by heart. If my starting capital is 10,000 yuan, which means I will open an account 3 days late, I will lose half a million yuan. I was so angry that I couldn't sleep that night.

After get off work the next day, I showered and changed clothes early, preparing to verify my operating theory again.

At the peak of the day, my account reached $120,000. I felt that the young model was already sitting on my thigh.

By the time I got ready to go to bed at night, my account balance was 0.

Yes, the position was liquidated and liquidated. The young model said she had to leave in advance.

Then I uninstalled the software.

Why did you add so much leverage and play so big? Because it's not my money, brother. #炒币 #BTC

I am the God of Wealth, a veteran in the currency industry, and I only tell the truth. If you are interested in the currency circle and want to get started quickly but feel confused, please follow me and contact me through the homepage. I will provide you with real, valuable advice to help you move forward steadily. Let’s explore, grow and create brilliance in the currency circle together!