If you choose to do contracts,

The first thing to understand is that the most important thing is position management. If you enter with 100 times leverage and 10% of the position, you will be far away from forced liquidation. Why do many people have their positions blown up? It’s a position problem.

The second most important thing is the mentality. The market is constantly changing. It is normal to make profits and losses during the whole process. If you want to protect your capital, you don’t need to enter the currency circle. You can directly buy capital-protected financial management. Since you choose to do contracts, you are trying to make a small profit with a big investment.

Third, the news. The news is a factor that affects price changes, including option delivery, non-agricultural, CPI, interest rate cuts, US stocks and many other factors.

The last is your operation of technical issues, how to read trends, candlestick charts, K-lines and various indicators.

Even if you are a very good trader, you dare not say that you will always make a profit. What we can do is to make profits as the market continues to change.

The most difficult problem for novices is,

1. Position, heavy position.

2. Anti-order, no stop loss. Set a stop loss that you can accept.

3. Covering positions. If the position is light, you can cover the position appropriately. If the position is heavy, the more you cover, the more it will explode. Covering positions will bring your forced liquidation price closer.

4. Mentality. If you make money, you will be very happy. If you lose a little, your mentality will explode. You will immediately cover your position heavily, hoping to get it back.

The currency circle is anti-human. If you lose, just stop for a while and wait for the trend to come out.

In the face of market conditions and trends, all technologies are insignificant. What you can do is how to gain your own interests in this market. Mentality, position, technology, trend, luck. None of them can be missing.

I hope my post can be useful to some newbies. They are all coded one by one. If you are interested, please visit my homepage to discuss and communicate with us.

Always keep awe of the market. Those who think that money is easy to make here will understand the importance of the things I wrote above when luck deviates from you.

Finally, I wish you all a fruitful year in the coming year.