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How to judge the exit point of foreign exchange
Investors who are new to foreign exchange trading often think that "entry point" is the most difficult to grasp. After they managed foreign exchange for a period of time, this idea changed 180 degrees. At this moment, they are thinking, "They will buy apprentices and sell masters." I began to seriously consider how to judge the "exit point" of foreign exchange. There are three ways to exit foreign exchange: one is the original planned exit, that is, before a foreign exchange transaction, there will be a trading plan, which includes the entry price, stop loss and exit target. Then, after entering the venue, you need to write down the price of "exiting the target" on the transaction form. In this way, the future price will run here and it will automatically make a profit. The disadvantage of this method is that the price may go all the way to the goal of playing, and we will miss more profit opportunities. Second, follow the stop loss. When the foreign exchange price goes along the profit direction, you can adopt the method of "following the stop loss" and constantly push the stop loss to the profit direction, which can protect the profit list and avoid the risks brought by the decline of foreign exchange price. If the price goes down, you will still be profitable. Third, play in batches. When you buy a certain amount of money, foreign exchange prices begin to rise. By this time, you have made some money. You can consider closing a part of the position and leaving another part of the position to earn profits that the market may continue.