1. For newcomers to the contract, the entry and exit points of each transaction are difficult. It is not advisable to trade greedily. Appropriate practice can exercise judgment and decision-making abilities. Gradually become familiar with the habits of the currency price, and then pursue big profits. As the saying goes, plan before you act, which is just right for trading.
2. Before a novice trades in a contract, he can first look at the 4-hour chart to determine the trend and direction; then look at the 1-hour chart, pay attention to the trend of the transition period, and judge the trend of the next period. The transition period is more important and connects the past and the future.
3. The 15-minute chart is suitable for short-term trading. Generally speaking, it is more suitable for beginners to practice and is practical. Look at the 15-minute K-line trend and then place an order based on the 5-minute point.
4. The shorter the time period, the faster the response and the higher the sensitivity. 5 minutes is suitable for ultra-short-term trading, which is flexible and unstable. However, it can foresee the future market trend and trends. You can choose a good entry and exit point, especially when the price is running near the support or resistance.
6. Moving averages also have divergences, let alone indicators. If the moving average is upward on the hourly chart, but downward on the 15-minute chart, it suggests that a reversal is coming. If the moving average is downward on the 15-minute chart, but the price wants to rise, the price will fall sooner or later, such as being rebounded by the pivot point.
7. The divergence of moving average with a short time period can better reflect the future market trend than the long time period. The divergence of moving average on the 15-minute chart is more important than that on the hourly chart. Divergence means that the moving average is in the opposite direction of price fluctuations.
8. Control risks and then make profits. The stop loss can be set at 5-8 points to protect the principal.
Summary: Investment is a long-term plan, not a one-day plan, so don't rush it. Even if you lose money now, there is nothing to be afraid of. As long as you choose the right thing, what you lose will come back. Control the risk and grasp the profit. $BTC