Discussions among the group Foreign exchange trading thinking

What parts should a perfect trading system contain?

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Many of my students or some fans will ask me a question: What aspects should a complete trading system include? So let me talk about my personal opinion. Of course, it only represents my personal meaning, and it does not represent all. I personally think that a trading system should at least include four aspects: effective and verified fund management, trading steps, trading methods, and trading psychology. I will talk about these four aspects today. 1. Fund management: Funds are the only tool w

When there is only one instrument left for trading, I choose candlesticks

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Candle charts, which we often call K-line charts, were originally created by an owner of a rice company in Japan, and later introduced to Western countries. They were adapted by traders in Western countries by combining analysis techniques such as line charts and bamboo charts. Later, it began to become an indispensable analysis tool for trading markets such as stocks, foreign exchange, and futures. Candle charts have four components: opening price, closing price, highest price, and lowest price

What role does writing an article have on trading?

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Hello everyone, I am Xiao Fu! Today, let’s talk about the effect or effect of writing articles on transactions (the articles mentioned here refer to transactions). As a trader, the daily work is relatively mechanical, and each trader also has his own trading system. As for how much profit can be made, it is beyond the scope of our topic. We all know that no matter which industry you are in, you need to keep learning, and as a trader, you must actively recharge. Whether you use manual trading or

Profitable MACD breaking zero axis trading method

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Hello everyone, I am Xiao Fu! MACD has been an enduring trend indicator, and despite its sluggishness, it is still used by many people, both novice and experienced traders. So let's talk today about how to use MACD to break the zero axis to trade. Indicators used in the trading method: 1. MACD (single-line and double-line are both available) 2. Moving average: 13, 60, 169 (exponential moving average) 3. Bollinger track (default parameter) The Bollinger track I use here is marked with a resistan

Forex Basics: Participants in the Forex Market

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From the perspective of the main body of foreign exchange transactions, the foreign exchange market is mainly composed of the following participants: (1) Foreign exchange market makers (Market Makers) Foreign exchange market makers mainly refer to commercial banks and financial institutions designated or authorized by central banks or monetary authorities of various countries to operate foreign exchange business. It can be a domestic bank specializing in foreign exchange, a domestic bank concurr

How to make better use of MACD when entering the foreign exchange market?

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Hello everyone, I am Xiao Fu! In trading, what is everyone's first recognition of the attached picture indicator? That's right MACD. MACD is also one of the most frequently used indicators among many trading reference indicators. The MACD is actually developed from the exponential moving average and belongs to the trend indicator. MACD uses the intersection of the short-term moving average DIF and the long-term moving average DEA as a signal. The cross signal generated by the MACD indicator is

Forex Basics: When to Trade Forex on Margin

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I believe that friends who have done foreign exchange trading or heard about related introductions will know that the advantage of foreign exchange trading is that it can be traded 24 hours a day, unlike stocks that only open for 4 hours a day. So why can foreign exchange trading be done 24 hours a day? This is the topic we are going to discuss today. Foreign exchange trading is a global financial market, and every transaction you make is likely to be against people from various countries. Since

How to judge a trader's trading ability?

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I believe that many traders have asked or been asked by others: How much do you earn in a month? Or: How much do you earn a year? So simply judging from the amount of income, or the percentage of income, can we see whether a trader's trading level is high or low? The rate of return is indeed the most basic indicator to identify a trader, but it is better to judge a trader with a high rate of return purely from the rate of return, so I think it is still relatively one-sided. Because depending on

How to judge the strength of the horizontal structure position?

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Many Hui friends who use the same trading method (price action trading) as me ask me why the trading results are so different with the same trading system? It is also intraday trading, why is my win rate and profit-loss ratio higher than theirs? In fact, when someone asked me this question at first, I was quite confused. Because of the same set of trading methods, in theory, we should be the same whether it is the basis for judging the trading direction, finding the target position, stop loss po

Have you used MACD and KDJ in this way?

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Hello everyone, I am Xiao Fu MACD has always been an indicator that has been discussed more, and it is also used more in the establishment of trading strategies, and the effect is also good. KDJ is also an indicator that many traders use more, which has a lot to do with KDJ's more sensitive response to the market in trading. Today, Xiaofu will talk to you about the trading strategy of MACD combined with KDJ. index: 1. MACD (both single-line and double-line) 2. KDJ 3. Double Bollinger track (a d

After reaching a 1:1 profit-loss ratio, what will you choose to do?

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A classmate in the group before asked me a question like this: reduce the position and push the protection? He thought that the standard action is to either reduce the position without pushing the protection, or push the protection without reducing the position. Maybe I just posted it like this, and everyone still doesn't know what the problem is. Brief description of the matter: I called a long order of crude oil, and after reaching a profit-loss ratio of 1:1, I reminded everyone to reduce thei

Why go long at support and short at resistance?

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All Huiyou should know one sentence: go long at the support level and short at the resistance level. No matter where you heard this sentence, or read it from a book, you will basically regard this sentence as a truth, at least I regard it as a truth. But why is this sentence used by most people as a truth? Let's talk about the formation of support and resistance levels first. Support level: It is not so much a support level as it is an area, we can call it a support area; it is an area composed

Forex Basics: What is Swap and Carry Trading?

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For friends who like to do medium and long-term, you may find one thing, that is, there will be "overnight interest". The overnight interest not only has a negative value, but also a part of your own expenses, and also has a positive value, that is will give you a portion. So how did this overnight interest come about? As we have said before, if you want to go long on a currency pair, such as long eurusd, then it is equivalent to exchanging U.S. dollars for the equivalent amount of euros. Suppos

Are you really "serious" learning forex trading?

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Foreign exchange trading, because of its 24-hour trading, two-way trading, low investment threshold and large returns, and easy operation of trading software, has attracted more and more friends with investment ideas to enter this market, and even some old stockholders have switched careers Conduct foreign exchange transactions. Anyone who enters this market, I believe that most of them come to this market with the idea of making money. However, how many people in this market are really making

MM platform ≠ black platform, STP platform ≠ good platform

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In the foreign exchange market, it is often heard that a platform has obtained an MM license or an STP license, and in most people's minds, the platform with an MM license basically maintains the idea of "black platform". So do you really understand the difference between these two platforms? First of all, let's briefly talk about their definitions (not official definitions, just for easy understanding): STP platform: straight-through platform, which is to send your order directly to the ban

The difference between the 2B rule and the 123 rule?

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The 2b rule and the 123 rule are indeed somewhat similar. But there is an essential difference between them. The 2b rule is a form in which the market cannot continue after the market hits a new low or new high, and then the trend reverses. The 123 rule is a reversal that occurs after the market fails to hit a new low or new high. To put it simply, the 2b rule can be regarded as a false breakthrough, that is, a way to lure retail investors to chase the rise and kill the fall, while the 123 rule

Candle chart (k-line) basics intensive lecture series - the origin of the K-line

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I believe that many foreign exchange friends have read the book "Japanese Candlestick Chart Technology". Impressed. But in this book, there are a lot of K-line patterns and K-line combinations, which may cause friends to be confused in the real trading process, or have blurred memories, etc., so I will use a few articles Let's talk about the K-line shape in detail. K line is still very important to me personally. Because I mastered the use of K-line, I was able to be familiar with the way in the

Forex Basics: How Exchange Rates Affect the Economy

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The exchange rate is an important economic lever, and its changes will have many important impacts on the national economy. (1) Trade effects of exchange rate changes The devaluation of the local currency is beneficial to a country to expand exports and restrict imports. This is the most important impact of depreciation, and it is also an aspect often considered by the monetary authorities of a country to lower the foreign exchange rate of its currency. But only after a long period of time, the

Manual actual application of a group of moving average combinations commonly used in Martin strategy

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Hello everyone, I am Xiaofu. Today we will talk about the application of the combined moving average commonly used in the Martin strategy in actual combat. Martin's strategy is easy to master, with large trading volume and large profits, and is loved by most IBs and traders. Martin's strategy is known as the "king of brushing orders". However, the advantages of Martin's strategy are also the potential risks of Martin's strategy (it is recommended to make profits in time, and the most important

Forex Basics: The Complete Forex Trading Process

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As the so-called combination of theory and practice, I will share with you the whole process of trading in this lesson. Here I would like to remind everyone that if you do not have a thorough understanding of the concepts we mentioned earlier, this article may seem very difficult. Please refer to the previous content according to the situation. Without further ado, let's get down to business. Suppose we have $10,000 in our account, and the leverage provided by the trader is 100:1. At this time,