Currency trading guide:
1--Trend is king: In trading, monthly and weekly lines are important trend references. Use 5x leverage, maintain a 10% position, and always trade contracts in currency terms.
2--Buying and selling strategy: Novice traders can use a simple method: hold the 5-day line in the short term, and sell if it falls below the 5-day line; the mid-line is based on the 20-day line, and leave the market if it falls below. Success in trading lies in execution, finding a method that suits you and sticking to it.
3--Judgment and operation of the main rising wave: When the main rising wave is formed and there is no obvious increase in volume, decisively intervene. If there is a heavy volume increase, hold the currency and wait and see; if the volume shrinks and the trend is not broken, continue to hold the currency; if there is a heavy volume decrease and the trend falls below the trend, reduce your position in response.
4--Short-term trading principles: If there is no fluctuation within three days after buying, consider leaving the market; if it does not rise but falls after buying, and loses 5%, stop the loss unconditionally.
5--Oversold rebound opportunity: When a currency drops 50% from a high and continues to fall for 8 consecutive days, it may enter an oversold channel, and you can consider following up to gain rebound profits.
6--The charm of leading coins: When speculating in coins, you should pay attention to the leading coins. They lead the way when it rises and resist the fall when it falls. Don’t miss the chance to get in your car out of fear. In the short-term trading of leading coins, buying at high levels and selling at higher levels are the key.
7--Follow the trend: Embrace the trend and go with it. The buying price is not the lower the better, but the more appropriate the better. Don't buy blindly because the price is cheap, and don't miss the opportunity because you are afraid of losing money. The strong will always be strong, choosing the right time to take action is the key.
8--Keep calm: Don't be carried away by the joy of profit. Sustained profits require careful review to determine whether it is luck or strength. A stable and suitable trading system is the guarantee of sustained profits.
9--The Art of Short Positioning: Don’t trade for the sake of trading. In situations of uncertainty, do not force a position. Short positioning is a science, and sometimes it is more important to wait patiently for better opportunities than to trade frequently.
10--The core of trading: Trading is not about pursuing frequency, but about pursuing success rate. Before every transaction, the first thing to consider is how to preserve capital. Only sustained success rates can bring real benefits.
