Everyone knows that speculating in foreign exchange can make money, but not many people really make money. This is mainly because many people are not competent. Although it is easy to enter the foreign exchange market, it requires high quality to fry well. Some people even lose money while speculating in foreign exchange.
People who speculate in foreign exchange take out a small amount of funds and control a large amount of funds to speculate in foreign exchange transactions according to the principle of leverage, which can make small bets. The foreign exchange market is 24 hours a day, which is suitable for part-time and amateur foreign exchange speculation. In this way, you can win more profits with less money, but the loss can also double your loss.
Quote according to the international foreign exchange market and international practice. Due to various international political and economic factors, as well as the impact of various emergencies, the exchange rate is often in violent fluctuations, and this difference can be used for margin foreign exchange transactions.
Foreign exchange speculation, like other investments, should not be impetuous and arrogant. Learn to run first, then learn to walk. Any investment needs solid basic knowledge to make a profit. Once the mentality is wrong, indulging in the wrong imagination and prediction from the beginning will ruin the whole learning mechanism behind.