1. Avoid unplanned and random transactions.
Sometimes, many foreign exchange traders who are new to the market will be ecstatic because they start to gain something, and then decisively increase the number of transactions, place orders with luck, hold heavy positions with high leverage, or even set no stop loss, completely forgetting that the foreign exchange market is always in crisis.
Suggestion: The so-called no plan, no trading, from many trading cases, the foreign exchange market can not survive without strict discipline. In order to make this market gain something for a long time, the best way is to control the risk at a low and reasonable level (the range that you can bear), provided that you learn to make a good trading plan and strictly implement it.
2. Keep a good attitude
Some people will be too eager for immediate interests in trading, so that they will either make small money and lose big money, or blindly close their positions when losing money, which makes it difficult for the overall profit result to cover the losses, and even the bigger the losses, the worse the trading mentality, and finally the behavior of being lucky because of fear is magnified at will.
Suggestion: when the market climbs to or near the highest point repeatedly, don't blindly follow the trend or add positions; Don't blindly lighten your position in the long-term pessimistic market (the specific operation should be combined with the affordability of account funds), and the old topic should be strictly self-disciplined according to the plan.
Don't blindly follow the trend and never learn from yourself.
Maybe we can rely on the strategic advice of professional traders, experts and friends at the beginning of foreign exchange trading, but if we rely on their news from now on, we may fall into the trap of "getting something for nothing". And a person's real growth comes from a clear consciousness. In long-term foreign exchange trading projects, we should not only learn basic knowledge, technical analysis skills, etc. It is also our mind and way of thinking, which needs constant practice.
Suggestion: put yourself in a correct position, constantly sum up your own transactions (especially failed transactions) from a long-term perspective, and cultivate your own trading "internal strength" through bit by bit accumulation. I believe that our road to foreign exchange trading will be more and more moist.