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When doing foreign exchange, new investors have doubts about many aspects, including technology and psychology. New investors can refer to the following suggestions:
1, good at learning from others, good at using simulated accounts, making good use of free simulated accounts, and learning foreign exchange trading-investors' patience: waiting for the moment when the rate of return is positive; Beginners should study patiently and step by step. Don't rush to open a real trading account. Try the mock account first. There is an application for a free simulated account in Global Jinhui, which new investors can experience.
2. mistakes are inevitable. Learn from them. Don't repeat. Mistakes and losses are inevitable. Don't blame yourself. It is important to learn from it and avoid making the same mistake again. The sooner you learn to accept losses and learn from them, the sooner the day of profit will come. In addition, learn to control your emotions, don't jump for joy just because you earned 800 dollars, and don't want to hit the wall just because you lost 200 dollars.
In trading, the less personal emotions, the more you can see the market clearly and make the right decision. Facing gains and losses with a calm mind, it is necessary to understand that traders do not learn from profits, but grow from losses. When you understand the reason of each loss, it means that you have taken another step towards profitability, because you have found the right direction.
Baidu encyclopedia-spot foreign exchange trading