First of all, you need to understand the factors that affect the foreign exchange market. In economics, international payments, inflation, interest rates, market expectations, monetary authorities and some economic indicators (unemployment rate, CPI, consumer confidence index) all have more or less influence on foreign exchange trends. Traders need to understand the logic behind it.

Secondly, you need to know yourself. Because impulsive or emotional people are not suitable for this investment. Most successful investors can control their emotions, have strict discipline and restrain themselves effectively. Therefore, the only person who can finally succeed in the foreign exchange market is a confidant.

1, look at the short line

For a novice trader, it is very necessary to analyze the foreign exchange market from the short-term chart of 15 minutes. 15 minute chart is more suitable for short-term trading. You only need to place an order through the price trend of 15 minute chart. As long as beginners can master the rules, they can see the short-term market trend clearly.

However, it should be noted that the 5-minute chart is sensitive to the prices of resistance points and support points, and is suitable for grasping the timing of entry and exit. However, many technical analysis methods are used in the 5-minute chart, and its reliability is bound to be greatly reduced, because the 5-minute chart is only sensitive to resistance points and support points, and its ups and downs are not helpful for trend judgment. The resistance points found in the 5-minute chart are usually not strong.

2. Trend judgment

Many traders are "slaves" of intuition and don't know it. Beginners are advised to start with the four-hour chart, pay attention to the trading trend and direction, and then combine it with the one-hour chart, so as to better understand how the trend changes during the time transition, and then observe the trend changes and the trend of the next season from these changes. Beginners should focus on the intermediate transition state so that you can have a deeper understanding of the foreign exchange market.

3. Use the moving average skillfully

Sometimes, on the hourly chart, the moving average is in an upward trend, but on the 15 minute chart, it is in a downward trend, indicating that the price has an upward trend, but this trend cannot last long, and there may be inflection points and downward trends. At the same time, here, when analyzing the foreign exchange market, investors also need to know the deviation of the moving average. The shorter the time, the more the deviation of the moving average can reflect the market trend, and then they can trade according to the situation.