There is one of the dumbest ways to speculate in currency, but this method can eat up almost all of your profits. First of all, there are three things we should never do when speculating in currencies.
Never buy when it is rising, be greedy when others are fearful, be fearful when others are greedy, be able to buy when it is falling and make it a habit.
Never place an order
Never take a full position, you will be very passive, but the most necessary thing in this market is a very high opportunity cost.
Also, let's talk about six tips for short-term stock trading.
After the currency price consolidates at a high level, a new high usually occurs. After consolidating at this low level, it usually reaches a new low, so we should wait until the direction of the market change becomes clear before starting operations.
Don't trade sideways. Most people lose money speculating in currencies because they can't do it the simplest way.
When we choose the K line and when we close the negative line, we buy the day line. When the sun closes, we sell
The decline slows down, the rebound also slows down, and the decline speeds up the rebound.
Building a position according to the pyramid buying method is the only constant aspect of investing.
When the currency continues to rise. After a long decline, it will inevitably enter a sideways state. Now we don't need to sell the entire position when the price is high, and there is no need to buy the entire position when the price is low. Because after consolidation, there will inevitably be changes. If there is a change from a high position to a downtrend, then the positions should be cleared in time.
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