Currency speculation experience:
When entering the currency circle, the first rule is to proceed with caution. It is better to invest less than to make a rash move.
When trading sideways at a low level and making a new low, it is a good time to buy heavily, but the timing needs to be chosen carefully.
Sell in time when the price rises, enter the market when it dives, and try to avoid over-trading during sideways trading.
Continuous sideways trading may imply that the market will continue to fall. You need to hold your currency firmly at all times and be ready to respond to the rising market.
When prices are rising rapidly, be prepared to sell in time, because a plunge may occur at any time.
When it is slowly declining, you can gradually cover your position, but when you are consolidating high and low, you need to wait for the opportunity.
When the high level goes sideways and then rushes higher, sell in time. When the low level goes sideways and a new low appears, it is a good time to buy a full position, but avoid selling after going high.
It is best not to trade when the market is sideways and to stay on the sidelines.
When choosing to buy, you are more likely to choose the negative line, and when you are selling, you are more likely to choose the yang line.
You can become a successful hero by operating against the market, such as buying when the market falls sharply in the morning and selling when it rises sharply in the morning.
If there is a big rise in the afternoon, don't chase the high. If there is a big fall in the afternoon, you can consider buying the next day.
When the K-line trades sideways for many days, a triangle is formed. Pay attention to the possible big fluctuations later.
In an uptrend, focus on support levels, and in a downtrend, focus on resistance levels.
It is a taboo to operate with a full position. Do not act arbitrarily and must adapt to changes.
Market conditions are ever-changing, so you must know how to enter and exit at the right time and remain calm and observe.
In the process of currency speculation, mentality is the key. Greed and fear are serious dangers. You must be cautious when chasing ups and downs and stay calm so that you can deal with it freely in the market.
The core of success in the currency circle lies in two sentences: If you have coins in your hand, hold on to them.
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