It can be realized. The foreign exchange market is very huge. It does not say who must prevail. Which institution or bank has the best price will prevail. You can buy and sell at any time 24 hours a day. of.
It is recommended that novices make the following preparations before investing, so that they can avoid many detours and make stable profits faster.
1. Novices can learn while reading and simulating, so that they can progress faster. In particular, the basic knowledge of foreign exchange is still very important and must be mastered well. For example, do you know which currency pair the letters inside represent, what a candlestick chart is, how to add technical indicators, where to read data news, etc.
2. Candlestick Chart Combination, Foreign Exchange Trading Bible, Foreign Exchange Trading Advanced, these classic books are recommended for you to read. These are must-read books for Huiyou.
3. Do more simulations in the early stage and become more familiar with the platform. There is no need to rush to invest, because you can apply for a simulation account on the Xingye MT4 platform. When the time is ripe, you can consider investing once you have a feel for it.
4. It is necessary to understand which traders are formally regulated, especially those regulated by the British FSA, or the US NFA and CFTC. Whether they have foreign exchange retail business projects and whether they can provide them to customers For foreign exchange investment business, etc., our funds will be safe only if we are regulated traders. This is a necessary prerequisite for investment. If you do not know how to go to the official inquiry, you can contact me at any time and I will help you make a correct judgment. .
5. When starting the simulation operation, remember to follow the trend and supplement it against the trend! If you don't have a good grasp of the adverse market, don't operate against the market. Stop loss must be set. In the future, real accounts will be inseparable from setting stop loss.
6. It is recommended to look at the 30/60 minute K-line, 5% position each time, foreign exchange investment and financial management, don’t always think about canceling speculation, there are no shortcuts in foreign exchange, but there are methods, develop them during simulations Good habits will be strictly followed when doing real accounts in the future, in order to make better profits.
7. Maintain a good attitude, profits are normal, and you can trade up to 3 lots a day.
8. If you are still unclear about anything, feel free to ask Hi. I hope to make more like-minded investment friends to make faster progress.