Six iron laws of the currency circle
1. Only participate in the irreversible upward trend of the market
"Only participate in the irreversible upward trend of the market." The market is a fact. The market cannot be doubted or challenged, and the trend is irreversible. As an investor, you must dare to admit your mistakes, correct them at any time, reject uncertain market conditions, and do what bookmakers must also adapt to. You must know how to follow the trend of the market.
2. Reject frequent transactions
The casino is open 24 hours a day, so there is no need to open orders frequently. There is a lot of logic here such as timing, trial and error, position control, etc. What we recommend is waiting for the perfect opportunity like a hunter, rather than shooting randomly when you see prey. invest.
3. Don’t be superstitious about technical indicators
First of all, we must admit that any technical indicator has its own lag.
For example, when the MACD indicator sends out a golden cross buy signal, the currency has actually risen a wave, and when the golden cross appears, you are likely to be the taker!
4. When buying, forget the cost price
When you start going short or long, its cost price has nothing to do with any subsequent operations, because whether to sell or not depends on the market trend, and has nothing to do with whether you are still profitable. If the pattern goes well, continue to hold it. If the situation goes bad, reduce the position or even clear the position.
5. Participate with funds you can afford to lose.
There are risks in investing in currency speculation with spare money. Investors can invest more money after mastering the tips of making money from the game. Before that, you must participate with funds you can afford to lose. Borrowing money often results in miserable losses!
6. If you make a profit, withdraw money on time.
Without withdrawals, everything is just numbers. Investors in the currency circle are the same as gamblers who have not walked out of the casino. No matter how much money they make temporarily, they are not considered winners. Only when you withdraw cash from the market can you say that you have the last laugh. In the currency circle, it is a good habit to withdraw money on time.
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