What issues should novices consider before entering the market for foreign exchange speculation

Investors must abstain from greed, fear, and blind obedience when trading foreign exchange. In addition, before actually deciding to start forex trading, investors also need to consider some issues such as risk tolerance, capital**, etc., so as to develop an objective trading plan.

1. Be familiar with yourself (stability of mind is the best way to analyze the market**).

Foreign exchange trading is also a high-risk investment method, please fully understand yourself before speculating in foreign exchange market, quit greed, quit impatience, quit blind obedience is the three major precepts of entering the market, important point: but also have patience!

2. The use of funds entering the market (idle funds are the best). When the foreign exchange in people's hands gradually increases, based on the traditional concept of saving and financial management, or preparing for the opportunity to go abroad in the future, or saving for their children's study abroad education**:Most people basically handle the foreign exchange in their hands for foreign currency savings.

Before entering the market, you should first clarify the use of your funds, so that you can advance and retreat freely.

3. How much can I lose (to be clear about my ability to bear). How much a foreign exchange investor can earn in foreign exchange trading does not depend on how high the investor's trading level is, or how much he hopes to earn, but on how much he can afford to lose.

Regulation, size and other issues, I personally think that if you are a novice, don't deposit so quickly, there must be risks, you can go to roco forex ** simulation anyway, it's free, and then go to deposit when you have experience, so it's safer.

The most important thing is to find a good teacher who can teach you how to make a steady profit.

Many foreign exchange novices often encounter a lot of problems when they first enter the foreign exchange market, but if you want to take foreign exchange trading as a long-term investment plan, it is very necessary to theorize and systematically learn foreign exchange knowledge.

1.How to determine the trend you want to trade.

Trend judgment is a very important behavior before foreign exchange trading, foreign exchange novices are often unable to make mature judgments, but traders should use the trend of which cycle should be used as the basis for their own trading day** or trading hour or even trading weekly? As the so-called body in Lushan, do not know the true face of Lushan, it is difficult to see the trend within the hourly or daily line you want to trade, and it will be very clear to look at it a little bigger, and put it in a larger cycle to judge the current trend. For example, if you trade the daily chart, then you can see the more obvious trend in the weekly chart.

2.How to use technical indicators in the forex market.

Technical indicators are complex, and many foreign exchange novices do not know how to use them in the face of huge and complex technical indicators, in fact, there are no more than 10 kinds of technical indicators that are most commonly used. They are M A C D indicator, ** indicator, KDJ indicator, RSI indicator, Bollinger Bands indicator, etc., these indicators can be divided into trend indicators and ** indicators, trend indicators refer to the location used to judge a large period of clarity ** to find the trend, and ** indicators are used in short- and medium-term operations according to the support and resistance levels to judge the buy and sell entry points.

3.How the position of Stop Loss and Take Profit should be set.

Stop-loss and take-profit are the two most important points in foreign exchange operations, where is the take-profit and stop loss, and what is the distance between the two points and the current point? These are all things that novices must experience and learn from forex trading. Traders don't know why.

Because the stop-loss setting is too short, it is easy to be stopped-out, and the take-profit setting is too long** to reach. In fact, one thing you have to understand is that you are trading ** or medium-term long-term trading, **you*** is generally set at 50-100 stop loss points, and ** in the transaction is 70 to 150 points. The medium and long term of trading is above 200 points.

Take profit and stop loss must maintain a certain ratio, at least above 2:1, so that you know how to set up take profit and stop loss.

Master the main currency symbols, major currency pairs, trading rates, spreads (spreads), foreign exchange trading trading, trading units, margin, **, margin ratio, equity, leverage and other professional terms.

Trading venues for Forex:

First, it is a member of the Shanghai ** Exchange; the second is a member of the Shanghai ** Exchange; The third is the major commercial banks. For commercial banks, investors should pay attention to the fact that what needs to be signed is a "transaction contract" with the commercial bank, and the commercial bank must bear legal responsibility in the contract; Rather than a simple "settlement contract".

2.Stable internet speed. The forex market moves quickly, so the speed of order execution is important if the internet speed is not.