2. Light warehouse operation. Every investor who enters the foreign exchange market wants to maximize profits, but it takes time and opportunity to accumulate your wealth. The purpose of light warehouse operation is to prevent speculators from causing irreparable losses due to operational errors. Because the foreign exchange market has changed so much, no one can guarantee that every transaction is correct. Light warehouse is only a protective measure for account funds.
3. Pay attention to compound interest. Compound interest is the best combination of light warehouse operation. The so-called compound interest means that the interest generated after each interest period is added to the principal to calculate the interest of the next period. In this way, in each interest-bearing period, the interest of the previous interest-bearing period will become the interest-bearing principal, that is, interest will accrue at interest, which is also commonly known as "rolling interest". In the process of speculating foreign exchange, on the basis of relatively stable profits, the income from compound interest is extremely considerable.
4. Control greed. In any investment and trading market, there are countless cases of losses due to greed. When speculating in foreign exchange, many investors turned all the gains into losses because of their momentary greed, and some investors' greed was manifested in their unwillingness to give up a little opportunity, taking care of one thing and losing another, which eventually led to the annihilation of the whole army. These cases will alert us that excessive greed is an important reason for the failure of foreign exchange speculation. Because of greed, investors will not accept good things in the case of profit, and will easily die in the case of loss, which will eventually cause irreparable regret.
5. Have confidence in your own transaction. The most important factor in foreign exchange speculation is confidence, and investors' confidence in trading comes from the correct judgment of market conditions and the analysis of profit-loss ratio. When an investor comprehensively analyzes the market trend and calculates the profit-loss ratio that his trading plan can occupy, he will be very clear about his trading objectives, at the same time, he will be more psychologically tolerant of market changes and more peaceful and rational in the trading process.