Yesterday, a fan asked what are left and right side transactions? (Technical Teaching)
1. Left-hand trading: It is a counter-trend transaction. When the currency price falls, the bottom of the currency price is used as the boundary. Anyone who buys low on the left side of the "bottom" is a left-hand transaction.
2. Right-side trading: It is a trend-following transaction. Chasing the rise after the currency price bottoms out is a right-side transaction.
To put it simply, trading on the left side means buying when the currency price goes down, and trading on the right side means buying when the price of the currency goes up.
Trading on the left side; undertaking greater uncertainty risks, high time costs, and low transaction costs.
Trading on the right side; the risk of uncertainty is small, the time cost is low, and the transaction cost is high.
Trading on the left, entering from the left and exiting from the left, and those who escape from the top and buy the bottom, are subjective transactions.
Trading on the right side; in and out from the right, killing those who fall and chasing the rise, is a trend trade.
Theme investment; right in and left out, those who chase the rise and escape from the top are suitable for short-term gambling.
Value investment; in left and right out, buying the bottom to kill the losers, suitable for long-term trading.
