Contract game in the currency circle, small bets for big gains, teaching secrets to make one million with 10,000
As an old leek in the currency circle, I have been trading in the currency circle for 6 years without realizing it. It is not easy to survive in the currency circle until now!
From entering the currency circle to making a big profit of 10 million, to being in debt of 8 million, and then to making a profit of 20 million, I mainly mastered the contract skills.
I will share with you a summary of my many years of trading experience, hoping to help everyone!
1. Total warehouse setting: The funds I use for contract trading are always fixed. For example, the funds of an account are always 300U. This means that my maximum loss is 300U, and once the market trend is favorable, I have the opportunity to get a lucrative return of tens of thousands of U. This setting allows me to keep the risk under control and seize the profit opportunities brought by the big market
2. Starting amount: The transaction amount I start with is always very low, which is based on the concept of stock tycoon Levi Moore. He believes that if it is right at the beginning, it is best to make money at the beginning. Therefore, the amount I start with is always small. Even if the total position is 300U, the starting amount is often only single-digit or tens of U, which ensures that I am in a profitable state at the beginning of the transaction.
3. Position increase strategy: I will use profits to increase positions only when there is profit and the trend is obvious. Such a strategy allows me to further magnify profits when the market trend is favorable, while avoiding increasing risks in an unfavorable market environment.
4. Stop loss setting: I will adjust the stop loss position in time according to market conditions to ensure that I will not lose the principal. This is an important principle I adhere to in trading. It helps me stay calm in market fluctuations and avoid emotional trading decisions.
These four rules have made me strictly abide by trading discipline. Of course, before starting, I still want to remind novice players: contract trading is very challenging to human nature, unless you can insist on using only a very small amount of money, such as 100U, 300U, etc., so that it is in line with the strategy of "small for big", rather than "big for small". What I share is the method, I hope it can give some reference to contract players
Follow my homepage if you have no direction in contract making, I will help you get rich
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