Usually, the index of gold and the dollar is inversely proportional, except for the financial crisis and special events.
The trend of the euro and the dollar, if the dollar index falls, the trend of Europe and the United States is rising.
Crude oil is usually inversely proportional to the dollar index.
It is recommended that novices make the following preparations before investing, so that they can take fewer detours and mature faster.
1. Novices can study while reading, so that they can make faster progress, especially the basic knowledge of foreign exchange is very important, so they must master it well. For example, you know what kind of currency the letters in it represent, right? What is a candle chart, how to add technical indicators, where to read data news and so on.
2. Candle chart combination, foreign exchange trading Bible, advanced foreign exchange trading. These classic books are recommended for you to read. These are all Hui You's must-read books.
3. Do more simulations in the early stage, be familiar with the platform, and don't need to rush to invest, because Xingye MT4 platform can apply for a simulation account, and then consider investing when the time is ripe and you feel better.
4. To know which dealers are formally regulated, especially those regulated by FSA in Britain or NFA CFTC in the United States, whether they have foreign exchange retail business projects and whether they can provide foreign exchange investment services to customers, only by regulating dealers will our funds be safe. This is a necessary prerequisite for investment. If you don't go to the official inquiry, you can contact me at any time and I will help you make a correct judgment.
5, start the simulation operation, remember to follow the trend, supplemented by the contrarian! Don't operate against the market if you don't grasp it well. Stop loss must be set, and the real account is inseparable from setting a stop loss in the future.
6. It is recommended to look at the 30/60-minute K-line, 5% position at a time, and foreign exchange investment and wealth management. Don't always think about canceling speculation. There is no shortcut to foreign exchange, but there is a way to develop good habits when simulating, and do real accounts later. Strict compliance can make a better profit.
7. Keep a good attitude and make a normal profit. It is good to trade at most 3 lots a day.
8. If there is anything unclear, please feel free to consult Hi. I hope to make more like-minded investment friends and make faster progress.