I am a newbie, how to speculate on foreign exchange, please advise.

Updated on Financial 2024-03-27
5 answers
  1. Anonymous users2024-02-07

    In fact, no investment and financial management is profitable, the most important thing is how much effort you pay, then how much you have gained.

    In particular, you have to learn, you have to simulate, you have to summarize.

    For individual investors, if you want to make money in forex trading, you can do it by following the steps below.

    2.Find a ** to learn the basics. Learning and practicing can promote each other.

    3..Learn a method of technical analysis. The main methods of technical analysis are: **Pattern analysis and technical indicator analysis. There is no absolutely perfect method of analysis, and traders need to choose according to their actual situation.

    4.Learn money management. The money management models commonly used by traders are the fixed percentage money management model and the fixed position money management model.

    5.Combine money management, strategy and technical trading methods to form a trading system of your own.

    6.Emotion management. Learn about philosophy and psychology to achieve a balanced mindset and ensure consistency in the execution of the trading system.

    Beginners can apply for mock learning first, and gradually you will become familiar with it.

  2. Anonymous users2024-02-06

    1. First have a comprehensive understanding of foreign exchange (basic knowledge of foreign exchange, stable foreign exchange platform, foreign exchange operation software and charts under a stable foreign exchange platform and its operation methods, etc.).

    2. After understanding the above situation, choose the platform you want to choose, and then simulate trading. (The main purpose is to be familiar with the use of the software and how to solve problems in order to reduce the losses caused by operation errors).

    3. When there is an activity on the platform, open a bonus position, or a preferential position, or a mini warehouse, so that there will be no or reduce mental pressure, and you can also experience the trading feeling of the real position.

    4. Adjust the mentality first, get rid of the gambling mentality, and face up to foreign exchange.

    5. Learn technical knowledge.

    6. Pay close attention to fundamental data news.

  3. Anonymous users2024-02-05

    Step 1: Understand the relevant accompanying terms of margin trading, such as what is the spread, what is the stop loss, take profit? What are the types of transaction prices, leverage ratios, etc., and understand the principles of foreign exchange margin trading.

    Step 2: Learn the technical indicators. At present, the popular saying in the international market is that technical indicators do not work, but there are also a large number of people who believe that technical indicators are very helpful in analyzing the trend of the foreign exchange market.

    Step 3: Learn how to conduct fundamental analysis of foreign exchange, which is ignored by many foreign exchange traders, because the foreign exchange market is a global market, the data is huge, and the terminology is very professional, and ordinary investors simply do not have time to take care of all the information.

    Step 4: Practice makes sense. After understanding the above knowledge, you can practice through simulated trading, and practice is the foundation to truly understand and improve the level of foreign exchange trading.

  4. Anonymous users2024-02-04

    Recently, many recent college graduates are very interested in copying foreign exchange, so how to copy foreign exchange in order to make money?

  5. Anonymous users2024-02-03

    Forex trading beginners should:

    1. Understand the basic concepts of foreign exchange, how to speculate, what software is needed to assist, and understand the form of foreign exchange in China.

    2. Participate in the simulation operation first, master the basic software trading rules, learn to see, be familiar with the basic indicators, how to see the market information and impact.

    3. Learn to look at the fundamentals, the basic analysis of economic data, be familiar with the basics of technical analysis, how to look at resistance levels, support levels, understand the foreign exchange market, how to look at experts, institutions, bank reviews, etc.

    4. Learn the operation methods of trading masters and take their essence! Familiar with major investment theories, trading systems, focusing on fund management in the first place, grasp the mentality, active physical exercise, understand the global macroeconomic form, political pattern.

    5. Don't start with the idea of tyranny, novices first think about how to ensure that the principal is not lost.

    6. In the choice of foreign exchange platform, we must be cautious and cautious, compare more, and understand more. Novices must make less deposits to do foreign exchange, because novices do not know about foreign exchange, but they blindly join when they hear that foreign exchange can make a lot of money.

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