1. Every time you enter the market, the loss cannot exceed one tenth of the principal (you can agree on a ratio yourself, remember not to be too large).
Every time you conduct foreign exchange transactions, you must strictly control your own losses, and the maximum loss cannot exceed one tenth of the principal. In order to control it, it is best to set a stop loss when trading, so as to ensure that your losses will not expand.
2. Be sure to set a stop loss.
Setting the stop loss position can effectively control the investment risk. It allows foreign exchange investors to keep their funds for trading when they make mistakes.
3. Don't place orders frequently
Just don't buy and sell because of buying and selling. After studying and observing the psychology of market investors, relevant experts found that there is such a phenomenon: many people will buy and sell foreign exchange because they want to buy and sell foreign exchange, but their first thought is not "Why should I buy and sell foreign exchange?" "Can I make a profit from this transaction?" .
4. Don't let the position turn from profit to loss.
This is easier said than done. In the face of attractive profits, many people still want more and will never be satisfied. In the end, the market peaked and the price fell step by step. They also hold the mentality of "this is just an adjustment" and think that "the market will hit a new high". Unfortunately, it backfired. In the end, the profit was gone and the loss was made. As long as there is profit, no matter how much, you are a winner. )
5. Don't go against the tide.
Don't go against the market, this should take into account the operation cycle and be applied. That is to distinguish the trend of long, medium and short periods in the market, and judge whether the operation period is long, medium and short by combining with oneself. For example, if the market falls in the short term and your own operating cycle is also a short-term behavior, then don't hold it for a long time.
6, do not understand the market, that is, close the position and leave.
If you have doubts about your own operation and original views, then this mentality will seriously affect investors' operational decisions, and in the long run, it will only lead to investment mistakes.
7. Only in active markets.
Only an active market has the opportunity to make huge profits and also to cause losses.