In Wan Zhi's view, before investing in foreign exchange, we must first have a full understanding and cognition of why individuals should invest, that is, investment motives;
Secondly, we have a certain understanding of the factors that affect the fluctuation of the foreign exchange market. Generally speaking, the trend of central banks' monetary policy will generally have a direct impact on their own currencies. At the same time, financial events around the world will also affect the direction of money. For example, non-agricultural employment in the United States, such as European trade accounts and so on. Also, some unexpected events will also have an impact on the foreign exchange market.
Third, we should have a certain understanding of the relationship between various currencies. For example, the dollar is stronger or the euro is weaker. The difference between a crossed disk and a straight disk and so on.
Furthermore, we should have a certain understanding of how the transaction is carried out. Investment is real money, and if you are not careful, you may lose all your money. So you must have your own system, principles and plans, and you can't blindly follow the trend.
Finally, a little understanding of some auxiliary tools or indicators will help to make better investments.
There may be many shortcomings above, but it is really from the heart.