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Home / Matters / Basic knowledge of trading

Basic knowledge of trading

Consider the risk/return ratio for each transaction (always knowing your risks and what you hope to achieve)

Losing positions are difficult to recover. When traders lose money, they often feel panicked and make reckless decisions. Its best for you to start with a small position and increase your position after success. It is absolutely

Find entry and exit points, set stop loss and stop win prices

On some trading days or months, prices remain unchanged or are in a significant range consolidation state. In these situations, it is meaningless to build positions based on changes in macro trends or fundamental shifts in market sentiment. Day traders are adept at detecting short-term trends in this environment. In consolidation trading with low volatility, technical analysis

Determine the time you want to spend on the transaction. (Short and Long Term)

Most speculative traders in the spot foreign exchange market will become day traders or hold substantial short-term positions. They hope to enter and leave within the trading day, one week,

Choose a currency combination that suits your trading style

Most traders (whether long-term or short-term) adopt a combination strategy. Day traders may believe that the euro price is too low based on fundamental data. But if the trading price of a currency

Evaluate your trading methods and risk management

The evaluation of transactions in international trade is related to analyzing the risk impact of exchange rate and profit changes. Analyzed alternative methods for measuring the impact of exchange rates