1. Don't risk investing more than you can afford.

In foreign exchange trading, if investors can't maintain their investment strength well, it will be difficult for investors to stay in the foreign exchange trading market for a long time. Therefore, in foreign exchange transactions, investors should have a good understanding of the funds they can invest in each transaction to ensure that they will never invest beyond their financial strength.

When you enter the market, you know where you should quit.

When trading foreign exchange, investors should have a long-term vision. Investors should be very clear about their entry point in the transaction, so as to start trading. In addition, investors should also know the best exit time in the transaction, so that investors can know more about their income targets and where to make the income statement, stop losses in time, and avoid losses caused by the reversal of the foreign exchange market.

Be patient and calm in the transaction.

In foreign exchange trading, if you are impatient with the trend of the market, or are not calm when facing the ups and downs of the market, investors can easily make unreasonable trading decisions. Therefore, if investors want to successfully conduct foreign exchange transactions, they must maintain a calm and patient attitude.

Basic knowledge of foreign exchange trading:

I. Characteristics of the foreign exchange market

If you want to play foreign exchange trading, you must know the characteristics of the foreign exchange market. The characteristics of the foreign exchange market are as follows:

1. From the perspective of the geographical scope and speed of transactions, the foreign exchange market is spatially unified, that is, the foreign exchange markets of various countries use modern technologies such as telex, telegraph and telephone to communicate. Therefore, the whole world market is a whole.

2. Another feature of the foreign exchange market is the continuity of time. Because of the time difference, the business hours of each foreign exchange market are uneven and alternate with each other. Formed one after another, the situation of circular operation. And time continuity.

Second, indirect price method and direct quotation method.

1. Indirect pricing method refers to the standard method of converting a certain unit of domestic currency into a certain amount of foreign currency. Indirect pricing of euro, pound and Australian dollar, such as 1 euro = 1.5680 Canadian dollars; 1 = 1.6025 USD; 1 euro = 1.0562 USD, etc.

2. Direct quotation refers to the pricing method of converting a certain unit of foreign currency into a certain amount of domestic currency. At present, most countries adopt this pricing method. For example, Japanese yen, Swiss franc, Canadian dollar, Hong Kong dollar and Singapore dollar are all quoted directly, such as 1 USD = 1.47 Canadian dollar; 1 USD = 1 15.25 yen, etc.

Third, the trading mode is different. There are three main modes of making money from foreign exchange:

1, short-term positive periodic mode.

2. A model that can accurately grasp and make use of the interval fluctuation of the price band to make profits.

3. Seize the great historical opportunity and set a good example of the trend.