The eight iron rules learned by currency speculators, if you learn it, you will earn it!
The iron law of currency speculation:
First, for those currencies that are complicated and you don’t understand, don’t rush into them. The same goes for currency speculation.
Second, don’t buy all your money into the same currency at once. Even if you are very optimistic about it and you are proven to be right afterwards, don’t buy it at once, because the market is changing rapidly and no one knows what will happen tomorrow.
Third, if you mistakenly buy a currency on a downward trajectory, you must sell it quickly to avoid further losses.
Fourth, if the currency you bought has not suffered any losses yet, but has entered a downward trajectory, you should quickly exit the wait-and-see situation.
Fifth, for a currency that is not on an upward trajectory, it is recommended to pay less attention to it, no matter what happens in the future, and do not accompany the main players to build positions. Retail investors do not have time to spend time with them.
Sixth, don’t imagine that you can make money and always do short-term trading. In and out every day, frequent transactions may bring you pleasure, but it will make you lose a lot of money. The only one who benefits is the exchange, and you don’t There will be such a high level, and you are not the banker.
Seventh, don’t buy a lot of coins. Don’t think that this coin is very cheap. It has fallen a lot. That is not the reason for you to buy it, and it will never be!!! It may be even cheaper!!!
Eighth, this coin is very expensive and has already risen a lot. This is no reason for you to refuse to buy or sell. It may rise even higher!!!
advice:
1. Don’t throw bull coins easily, choose bull coins first, get half way, do both hot spots and strong coins, suitable for both investment and speculation, get all the way.
2. The most important thing for a trader is the ability to adapt to changes in the market
3. Qualitativeness must be done well, including characterization of large cycles, weekly currency selection, monthly identification, and daily tracking.
4. You must follow the established rules and use Bollinger or the moving average you think is feasible to look at the market.
5. Ability cannot be taught, it all depends on technical proficiency, repeat successful experiences, and make making money a habit. Making money often is more important than making a lot of money.
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