Today I will share my 7 years of experience in making money in the currency circle.

People in the currency circle say that currency speculation changes life, but what I want to say is that I can change currency speculation.

You are worried about not making money from your investment, sad about falling into a trap, and heartbroken about cutting off orders. Hearings say that the market is good and even the aunts selling vegetables can make money, but as soon as you enter the market, you are labeled as a "leek"

The difference between you and me is nothing but my years of painstaking study and practice, but I can change the fate of a "leek" who failed in the investment market. Without further ado, let me continue to talk about some practical information today, which are all the "mental methods" I have gained from practicing in the several markets mentioned above.

In the currency market, don’t worry about which currency you are speculating on. I often hear people say that which currency has a huge increase. I just want to say that the increase has nothing to do with you. No matter how beautiful the wife is, what does it have to do with you? If you want To make money through currency speculation, first of all, position management technology is very important. Don’t take position management seriously. You must have an idea of ​​how much you will lose. Position management is a double-edged sword. Good control can make us better at currency speculation. He can move in the middle with ease, and he can advance, attack, retreat and defend. If we do not control it well, we will suffer huge losses. If we are not in a position or if we are not in a deep position, our dream of getting rich will be shattered in minutes.

It is suggested here that all "leeks" must act within their capabilities when doing currency speculation, and choose appropriate operating methods for different funds.

Here I would like to share with you a position management method - "Pyramid Position Building Method"

Originally this method came from a method of futures speculation and was mainly used in trading operations. After I improved this method, I can survive in desperate situations.

(1) When entering the market for the first time, use a position within 20% of the total capital. If the direction is consistent and the trend is established, you can gradually increase the position, but the proportion of the increase will gradually decrease. Generally, 10% of the remaining funds will be used for each increase. , this is a type of pyramid position management method, and it is also simple.

(2) When entering the market for the first time, use 20% of the position. If the direction is reversed, don’t rush. Determine where the support is. If the support is far away, you can choose to cover the position at the support level. To cover the position, you need to use 30% of the remaining funds. Generally, For orders in the opposite direction, the position is only added once. Why is the proportion of the position for covering up the position heavier than that for opening the position?

Because the market is in the opposite direction, usually the intensity of the correction is relatively small, and a heavy margin call can be used to spread the average price, so as to seize the correction and save capital or leave the market with a small profit. If necessary, you can also leave the market with a small loss.

(3) When entering the market with 20% of the position for the first time, if the market trend is opposite and fluctuates quickly, it is too late to stop the loss, or you cannot bear to stop the loss and cause arbitrage. At this time, you must promptly open a position in the opposite direction with the same position you opened, forming a Hedge to avoid position risks. When the unilateral market ends and begins to fluctuate, you can seize the opportunity to operate back and forth within the hedging range, offset the losses, and gradually start arranging orders, so as to achieve a small profit or lose the capital, or even make a small profit if necessary. Out with a loss.

Position taboos

1: The account is overloaded. If you open more than three positions, you will be seeking death.

2: No stop loss is set. Every order placed must have a limit, and the ratio of risk to profit should be maintained at least 1:1.5.

3: In the face of failure, most people make all-or-nothing decisions after losing money and are unable to recover. After a loss, move on to the next trade as quickly as possible. Even investment experts cannot guarantee that every transaction will make money, so when some of your transactions lose money, you should forget about it as soon as possible and quickly shift your attention to the next transaction.