The trading steps of MT4 platform are as follows: select the trading currency, right-click the new order (buy/sell), and at the terminal-you can check whether the transaction enters the financial transaction. First, correct its concept, and secondly, the technical strategy and mentality override the first two, which is the key factor to determine the profit and loss! Trading concept 1. Long-term sustained and stable profitability As an investor, we must establish the concept of "long-term sustained and stable profitability", instead of pursuing overnight wealth and bringing the gambling mentality into the market. The most important thing in foreign exchange trading is to follow the trend before moving, rather than guessing the trend before moving (trend tracking trading)! Misunderstanding of price chasing: If the trend is upward, it is best to wait for the callback support before entering the market! Chasing the price may make you trade at the highest point! Second, seize the opportunity that can be grasped. The foreign exchange market has opportunities every day. If we put the opportunity into practice in the ultra-short term, we can even describe it as unlimited opportunities, but our energy is limited and the opportunities we can grasp are limited. Seize those opportunities that we can grasp and have evidence, build positions with rules, and give up trading without rules. So as to control the transaction frequency! Frequent entry and exit shows that the grasp of the trend is not clear enough, and the final result is a loss! It is right and necessary to miss some actions! Actually, the deal is simple. The key to success is to find a simple action and repeat it. Third, the risk control system before you want to make money, first estimate how much you can lose, and losses are inevitable in the market system. Be a winner who knows how to lose: when you are long, set the stop loss below the key support; When shorting, the stop loss is set above the key resistance (5- 10 point). (Stop loss method). Stop loss is only a means to reduce risk, not to lose money. Cut off losses and let profits run! Control of profit-loss ratio: in order to achieve long-term sustained and stable profits, our operation should have a reasonable profit-loss ratio, that is, the potential profit-loss ratio. Generally speaking, the profit-loss ratio of a transaction is 2: 1. Fund management: trade with 5% of the total funds at a time, and continue to enter the market if there is a trading signal under the condition of capital preservation. Otherwise, no more trading! Fourth, the planned trading scheme of the transaction must be based on objective technical analysis, and the trading signal needs to be confirmed every time it enters the market. Don't make unfounded transactions! The trading plan initially includes: direction, time, entry price, stop price, position, target price and profit-loss ratio. After entering the market, we have to face the modification of the plan: the movement of stop loss or the liquidation when reversing. Time frame: the time frame for abandoning the trend is self-deception! Inference from known factors will still make mistakes, and adding unknown factors to the judgment basis will aggravate the mistakes. V. Mentality Control The easiest way to solve the mentality problem is to make a careful and detailed plan for the transaction. Take some time before entering the arena. After entering the market, all you have to do is strictly implement the trading plan, instead of constantly making adjustments with the changes in the disk, so that the trading mentality can be well adjusted. Confidence trading confidence comes from mature technical analysis. Avoid fear and regret: it is reflected in fear of entering the market when there is a trading signal, fear of shrinking profits, fear of market turning around, and fear of stop loss. It's too early to regret that such a good opportunity didn't come in. Patiently wait for the emergence of trading opportunities, waiting for the exchange rate to hit the target! Don't bother to fight for it, wait patiently, and the market will give a signal that conforms to your entry principle! 99 foreign exchange strategy network