Therefore, for beginners, mastering basic knowledge is definitely necessary. You can read some introductory books such as Introduction to Gold and Foreign Exchange, Japanese Candle Map Technology, Super Short-term Master, etc. You can also collect some information or e-books online. There are many free e-books available for download in the Yu Hui Forum on the official website.
Beginners can read the following e-books first:
1. Japanese candle drawing technology [steve nison]
2. Technical analysis of the futures market [john murphy]
3. Master of Trend Trading: Tools, Strategies and Methods [Dai Ruogu]
4. Dow Theory [Robert Rhea]
5. Eliot's wave theory: the key to market behavior
6. Trend traders [edited by Perry Kaufman]
Another point, which is also very important, is to choose a mainstream platform (supervised by FSA or NFA) to show whether their operation and capital flow are standardized and serious, thus ensuring our safety. The FSA supervision in Britain is the strictest, and FXCM and Jiasheng are generally well-known.
Finally, we should choose a good agent, preferably a first-class agent. At the formal level, word-of-mouth is slowly precipitating, so the operation is very formal. There is no commission and other handling fees, and the service is timely and professional, which also ensures the safety of funds. It is very important to set stop loss and control positions when trading. There is also a good attitude, and the profit is normal.
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