Preliminary experience of simulating foreign exchange speculation
Beginners should study patiently and step by step, don't rush to open a real account, and don't compare with others.
When simulating trading, your main goals are two. One is the familiar foreign exchange speculation platform. For example, where to place an order, the minimum transaction unit is 1K or 10K. Tired of watching, want to sleep, where to set the bell warning and so on.
The other is to find out your foreign exchange speculation routine. There are many ways to speculate in foreign exchange. Practice as much as you know, one by one. Try to find your best routine. You don't have to look at those orders and shouts on the forum to be jealous. Because of different personalities, everyone needs different study time and gains different experiences.
Simulation should pay attention to learning and interaction.
Download a foreign exchange speculation platform first to simulate the feeling.
If you are a novice, you will find a lot of knowledge you don't understand. For example, what is the spread? How to place an order? Wait a minute. I'm really confused.
At this time, the best way is to find a set of systematic training materials, which should be systematic and vivid. It's better to be affectionate. Get to know the basics first. Then go to forums and salons to discuss and study.
Only in this way can we find feelings, interests and opportunities in simulated trading.
Simulated trading also has weaknesses. Because in speculation, experience is a better teacher.
Simulated trading can't understand your psychological state when dealing with real losses. Invest in real money, you will feel pain, and you will hate some trading behaviors.
Only by letting your money take real risks can you learn how to deal with emotions and risks.
In the process of simulated trading, many people performed methodically and excellently. However, once real money is invested, their discipline and norms will never be seen again, and everything will go out of shape.
Therefore, we should understand the positive significance of simulated trading-practicing the platform and finding routines. As for the weakness of simulated transactions, we can start with real small transactions. Just like swimming, playing a real small deal, you come to the shallow water of the swimming pool. As for the funds of Paulson and Soros, they are giant whales swimming in stormy waves.