It is suggested that novices should make the following preparations before investing, so that they can take fewer detours and become rational investors 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.
2. You don't need to have a basic knowledge of English, just need to know that the letters in the platform represent currency pairs, such as USD for USD, EUR for EUR, and EUR/USD for how much USD one euro can be exchanged.
3. Do more simulations in the early stage and be familiar with the operation process of the platform. You can read some introductory books, such as the lever of wealth, the treasure of wealth, Japanese candle drawing technology and other classic books. These are all books that investors must read.
4. Start the simulation operation and remember to judge the general trend of the market. There is no shortcut to foreign exchange, but there is a way, which is to follow the trend, flow slowly and accumulate wealth slowly.
5. Judging the general trend, it is recommended to look at the graphics for more than 4 hours. It is recommended to look at the 30/60-minute K-line for short-term admission, and do not exceed 10% position at a time. Foreign exchange investment and financial management, don't always think about speculation cancellation, and develop good habits when simulating. Stop loss should be set for each order, and the actual account should be strictly observed in the future to make better profits.
6. Keep a good attitude and make a normal profit. If you don't do well that day, you should control your emotions. Whether you are profitable or not, you should choose to leave.
The purpose of investment is to make a profit. If you don't make money, more and more people don't participate.
However, if this market is bound to make money, it is not necessarily so. There are risks when there are rewards. Investment needs technology and strength, but the premise of investment is the safety of funds, otherwise our investment will be meaningless. The black platform will do a lot of tricks, and even if you earn it, you won't be allowed to withdraw it. There are many such black platforms, and everyone should choose a regular and standardized dealer, so as to ensure the safety of funds and make sense.
At present, the most authoritative regulator in the market is FSA, and traders regulated by FSA must abide by the FSCS deposit protection plan, which can ensure the safety of investors' funds. There are only a few dealers supervised by FSA, so you must choose these regular dealers.
To identify whether a trader is regulated by FSA, we can look at Baidu: How to identify a regular trader is something that friends who invest in foreign exchange must master.
Investors or new friends are advised to know more about it to avoid encountering a black platform.