Speculating on foreign exchange should not be kept an eye on the market all the time

First of all, Q&A:No, you don't!

When you first come into contact with forex traders, many people have some misconceptions about what you need to have in order to make money consistently in the forex market, and this phenomenon is still very common.

Most traders have the misconception that I need to keep an eye on the market, especially when trading

Many novice traders often fall into this misconception. Actually,You don't need to keep an eye on the market for a long time. In fact, many traders find that their success rate increases when they reduce their time watching.

You need to first determine the best time to place an order, and then move away from the board. One example of this is a 4-hour chart trader who can view the charts and market during the American and European hours, which coincide with the 4-hour candlestick**.

If they find a trading opportunity, they place an order, set a take-profit and stop-loss, and then turn off the computer until the next 4-hour chart**.

If no order is placed, they simply turn off their computer and wait until the next 4-hour chart** to look at the market again and look for trading opportunities.

Checking off the market can wear you out and can lead to overtrading.

Also, when you're endlessly glued to the market, it's hard to feel like you're trying to trade. Once you have a regular time to watch, you can simply wait for the market to come to your "killing zone" instead of constantly chasing the market like a driver.

Alerts can be set on the trading software to avoid missing trades when you are away from your computer.

No, it's not!

<>First of all, we must observe the state of the market, that is, whether it is a long or short state, whether it is a trend or a consolidation state, this is a macro judgment, I believe that the vast majority of investors have the ability to do this, because whether in the rising or falling trend, or in the finishing ** we can hear many people have a clear judgment on this.

Secondly, the main object of market observation is **, and nothing else, and investors must firmly establish this concept. You should be clear that any technical tool is for the sake of the technical tool, not for the technical tool, and this is a fundamental thing.

Indeed, we mainly observe the market through **. Some investors may think: It's not that simple!

But I think that's because he's complicated the simple stuff himself, because he's not looking at the key positions of the market, he's looking at the specific fluctuations of the market, and the specific fluctuations are like the market dancing, and the market confuses investors with its charming dancing so that you can't see it for what it really is. We look at the changes in key positions in the market to see what this charming dancer really looks like after removing her makeup, and we can't be fooled by its appearance. The entry is the same, and the exit is similar in principle.

For swing traders, after running for a period of space, if one day returns to the lowest (high) price of a new high (low), it is an important profit exit signal; We also need to focus on observing the comparison between the trading volume and the open interest and the previous period, the trading volume and open interest volume suddenly and sharply amplified, if the Layang line is buried, the possibility of the next few days is very large, otherwise the opposite.

You mean Expert Advisors.

Speculation in foreign exchange is investment and financial management, and it is very difficult to make money without hard work. If we rely on the Expert Advisor, I am afraid that the technology will not conclude and the book will also be lost.

What's more, if the software can make money by automatically placing orders, if you make money, it is better to develop software than to borrow millions of dollars to speculate on orders yourself.

The following small experience can be understood by novices and can avoid detours.

1.The most intense trading hours for Forex** are generally between 3 pm and 5 pm and 7 pm to 12 pm.

2.It is best not to hold a position overnight, and if you have to hold a position, be sure to set a stop-loss price and a take-profit price.

3.The Stop Loss and Take Profit prices can be set on the 5th and 20th days.

4.Don't trust your instincts too much, but watch more international news, and don't look at what others say, but what is happening in the market.

5.Don't go full at any time.

6.To judge the general trend, follow the market accurately, be cautious when doing swings, and don't lose big because of small things.

7.If it doesn't rise when it should rise, it is resolutely bearish, and if it doesn't fall when it should fall, it is bullish.

8.Foreign exchange and ** are both T+0 mechanisms, to maximize the mobility of this mechanism, grasp the opportunity, decisively enter and exit the market, and overcome greed (unwilling to sell) and fear (dare not buy).

9.Finally, of course, it is to learn more about foreign exchange ** investment, enrich yourself, and make a summary every day.

It is recommended that novices speculate on foreign exchange to understand the "Foreign Exchange ** Professional Knowledge College" column. Relatively basic for newbies.

Or register a demo account for free in the demo account registration column to see what is forex speculation. Slowly you will understand.

Yes! You can choose a better price level, place a limit order order, and do a good job of stop loss and take profit

I want to, too. Just wait a minute