1. Strictly control the financial budget. Novices should remember not to invest too much money in foreign exchange. Be sure to have reservations and invest carefully. Don't treat the funds necessary for life as capital. To make good use of the financial budget, the first rule that beginners should remember is that it is forbidden to use the funds necessary for life as capital. If you want to be a successful foreign exchange trader, you must first have enough investment capital. If there is a loss, it will not affect your life. This is the state that all foreign exchange novices should have.

2. Be good at stop loss. Learning to let go is universal for everything. At the same time of foreign exchange trading, we should establish a tolerable loss range, make good use of stop-loss trading and avoid huge losses. The scope of loss should be set at 3%- 10% of the total account according to the funds in the account. When the loss amount has reached your tolerance limit, don't make excuses to try to put all your eggs in one basket and close the account immediately. In foreign exchange trading, stubbornness is a very terrible thing. The so-called step back and broaden the horizon. We are not gamblers, we can ignore all our wealth, but an investor. At any time, knowing how to preserve strength is the first priority.

3. Keep a cool head. Foreign exchange changes rapidly, so you should observe it calmly for a week, and don't want to make an order right away. The old hand's practice is to take time to observe first, and then make a move. Patience is the magic weapon in the eyes of veterans. It is suggested that novice friends should avoid anxiety and impatience, start to get started, observe more, wait patiently, strictly set admission conditions and make their own orders, and don't blindly follow suit.

4 record the factors that determine the transaction in detail. In foreign exchange trading, it is best to record the factors that determine the transaction in detail every day to see if there is any event news or other reasons at that time, so that you can make a trading decision, make an analysis after the transaction and record the profit and loss results. There are many benefits. With the record, novices can quickly get the direct factors that affect foreign exchange by comparing the final results, which is beneficial to reserve experience, make continuous progress and gradually become veterans.

5. Keep studying. Beginners should not think about how to make money at first, but learn how to survive and how to survive in this market for a while, just like adapting to the environment. You can learn from the masters, look at their trading patterns, learn from their experience, and then return to yourself and find a trading pattern that suits you.

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