Investment misunderstanding:
Blind investment:
Many foreign exchange investors find that different foreign exchange deposit rates are different, so they want to change low-interest currencies into high-interest currencies to deposit and charge higher deposit interest. Therefore, regardless of various foreign exchange trends, the current exchange rate level is high or low, and it is blindly exchanged. This idea is very practical. Anyway, you have to pay a deposit, so why care about a little difference?
In fact, as long as they look at it from another angle, they will realize their one-sidedness in this idea. For example, if a customer's exchange rate drops by 3% within six months after exchange, and he only gets 2% after-tax deposit interest, then he still has a loss of 1%.
In fact, in addition to certain requirements for foreign exchange expertise, investors should also pay close attention to the economic and political situation of relevant countries. No matter what the purpose of foreign exchange investment is, we should make some preparations in advance, understand the trends and trends of various currencies, analyze when it is a relatively safe investment point, and invest reasonably in order to obtain investment income and be truly responsible for our own investment.
Risk awareness:
Many investors think that foreign exchange trading is a waste of time and money. In their view, there is no risk in foreign exchange investment. When the exchange rate rises, it will be thrown out to earn the difference. If the exchange rate falls, you can save money for a period of time and earn interest. As long as there is interest, you can always make up for the loss, but it takes a long time.
As we all know, any investment is risky, and it is necessary to set necessary stop-loss points when investing to avoid certain foreign exchange investment risks. For example, when the euro came out, many people were optimistic about its prospects and bought the euro at 1. 13. The euro, on the other hand, stopped at a long road of decline, with the lowest drop to around 0.82, and it was more than two years. If such losses are made up by interest, it may take at least seven or eight years, or even longer.
However, if a stop-loss point is set, the loss will not be so amazing, and it is possible to make a "reverse price difference" in the long decline and obtain investment income. The high stop loss is to preserve strength, and the low position has the opportunity to reinvest. There is no such thing as a free lunch, so you must be risk-conscious when making investments. You should consider the risks first, then the benefits.
Extended data:
Investment strategy:
Whether investing in domestic market or foreign market, whether investing in general commodities or investing in financial commodities, the basic investment strategies are the same, especially in the more complicated foreign exchange market. Although there are differences in investment strategies, some of them are basic. For example, the following strategy summary is the author's experience and lessons in foreign exchange investment for many years, which has considerable reference value for all kinds of investors.
1. Invest with spare money
If investors invest with the necessary expenses of family life, in case of loss, it will directly affect the family's livelihood and the probability of failure in the investment market will increase. Because when using a sum of money that should not be used for investment to make money, it is at a psychological disadvantage, so it is difficult to keep an objective and calm attitude when making decisions.
2. Know yourself and yourself
3. Don't trade too much.
To be a successful investor, one of the principles is to keep more than three times the capital at any time to cope with price fluctuations. If you don't have enough funds, you should reduce the sales contracts you hold, otherwise, you may be forced to' lighten up' to release funds because of insufficient funds, even if it turns out to be accurate. Don't run out of ammunition at one time, the bullets are loaded at any time.
4. Face up to the market and give up fantasy
Don't be emotional, look forward to the future too much and cherish the past. An American futures trader said: A hopeful person is a beautiful and happy person, but he is not suitable for being an investor. A successful investor can separate his feelings from his transactions. The market is always right and always wrong.
Don't change your mind easily.
Set the price and entry plan of the day in advance, and don't change your decision easily because of the current price fluctuation. It is very dangerous to make temporary decisions according to the price changes and market news of the day. Tiejun must have iron discipline.