If you don't want to be a leek, you must know the common sense of currency speculation:

Profit and loss rules in the currency circle: There is a saying of "nine losses and one profit" in currency speculation, which implies that most people lose money in the currency circle, while a few people make profits. In order to stay away from losses, leeks need to understand the principle of profit.

Fund management: Successful currency investment requires maintaining sufficient cash liquidity. Even in the long-term bull market of the US stock market, investment guru Warren Buffett never uses all funds for investment. This shows that investors have no reason to use all funds for full-position investment, let alone use leverage.

Position management: Investors should implement strict position management. Individual coins that do not meet the principle of "buy at a low position and sell at a high position" do not establish a bottom position. For any currency, if it rises by 200% within three months, avoid chasing high; after rising by 40%, do not pursue short-term profits; if it doubles, the invested principal should be withdrawn from the market first.

Dealing with news: Investors should give up the practice of buying only based on good news, because ordinary leeks are often the last to get information. On the contrary, attention should be paid to those reversible negative news that may cause the currency to fall. When the currency falls out of value, it should be bought in batches.

Trading rules: When trading, investors need to adjust their rules according to market conditions. Risks often increase with the rise of currency prices, so when the currency rises, it should be sold gradually to protect profits; and opportunities often appear with the fall of currency prices, so when the currency price falls by more than a certain amount, you can consider buying to reduce the average cost.

In short, currency investment requires prudent fund management, strict position control, rational analysis of news and flexible trading strategies. Through these methods, investors can seek profit opportunities under controllable risks.

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