How does a novice Xiaobai learn foreign exchange trading? Let me summarize the process that foreign exchange trading will go through from a pure white.
1. Proficiency in the operation of foreign exchange transactions
This includes several aspects:
1. Proficiency in trading software (this is the foundation and there is nothing to talk about).
2. Understand the main trading hours.
3. Understanding of foreign exchange contracts.
I believe that now it is basically operated by platform operators, and it is rare to open an account in a bank. To trade foreign exchange, it is necessary to clarify the contract value, leverage, and margin calculation of foreign exchange contracts. This is very important, because it concerns the calculation of positions (position management).
2. Learn 2-3 mainstream indicators (such as K line, moving average, Sto is kdj, Bollinger, etc.)
Why do you say to learn 2-3 indicators instead of asking you to learn a lot of indicators? Trading does not rely on indicators at the end. If you know too many indicators, you will not be able to get out if you get stuck later. Learning 2-3 indicators is to give you a basis for placing orders in the early stage. For learning this indicator, you can read the book introducing mainstream indicators or find someone who is a little proficient in the use of several mainstream indicators in this industry to explain it to you. Understand the most basic usage of several indicators, and remember not to dig deeper into the use of indicators . . Many people say that it is useless to read this book or that book, the book of this great master or that great master. Those books are valuable, but they are not what you should read at this stage. Just like "Memoirs of a Stock Operator" if you read it, you will only read it as a story, and you have no way to understand the things in it.
3. After understanding a few basic indicators, the simulated disk simulation exercise
It is very easy to open a demo account for the next mt4. At this time, you need to understand that the demo account is not for you to learn how much money you can make, but to be proficient in the use of those indicators. This time can be long or short, as fast as a few days or a week.
4. Understand several economic data that often appear in foreign exchange
I am proficient in the operation of the analog disk, and have a basic basis for placing orders. Next, it's time to learn about several common national economic data and news events. For example: non-agricultural, US index, ADP, GDP, initial applications, CPI, PPI, PMI, QE, interest rate resolutions, central bank meetings, etc. Understand the short-term impact of these news on the market, but remember to let you understand, not to trade based on this. Because these news are time-sensitive, the impact on the market trend is within a certain period of time, and how long this time-limitation is, let alone a novice or a master, it is difficult to judge. Since the trade is not based on this area, why do you want to understand the news? There is only one purpose. Most novices do not understand position management, and the positions will be relatively heavy. Make an order when the data is released. (Those who like to bet on data say otherwise) This process is about 1-2 weeks enough.
5. Open a micro firm account
There is almost a month of study preparation time ahead, and I can be regarded as having a relatively comprehensive understanding of foreign exchange trading. Next, you can open a micro firm account, such as $100 or $200. Here is a suggestion, the account should not exceed 500 US dollars, and every time you place an order, place 0.01 lots. Remember, only place 0.01 lots. Stick to it for half a year. If you can stick to what I just mentioned for half a year, you will definitely thank me for this sentence. Haste makes waste, and there are three functions for you to do this, one is to keep you alive, and you will not suffer heavy losses; the other is to dilute your gambling nature and cultivate strict discipline for you instead of gambling for quick money . Foreign exchange margin trading is like electronic drugs, let alone how strong your resistance is, people's desires cannot be controlled. In the first half of the year, it is not impolite to say that you want to get rich through foreign exchange trading, but it may be close to zero; third, the mentality of the real offer and the simulated offer are different. You adjust your mentality to gradually deepen your understanding and perception of foreign exchange margin trading.
6. Communication
The communication mentioned here is not communication in the ordinary sense. In the first half a year, you will definitely have exchanges with people in the industry, but at that time you yourself did not have a deep comprehension and understanding of trading. The so-called theoretical misleading of people with half a bucket of water, or they simply cannot understand the sentiments of those powerful traders. It is difficult to communicate with different levels of understanding. For example, when I say that trading is not to predict the trend, but to respond to the trend, how many people can understand? In the minds of a large number of retail investors, whoever judges the market trend is accurate will be awesome, but what about the truth? Expert exchanges never talk about how to predict market trends. If you can endure the days when you only made 0.01 moves in the first 6 months, I believe you will feel enlightened when you communicate with those awesome people in half a year. Only at this time can you really enter the threshold of foreign exchange trading. But I know that people nowadays are too eager for quick success and too impetuous, and there is no one in a hundred who can do it for 6 months.
7. Explore and build your own trading system
After the first half year of real trading practice, and the communication with the master later, the understanding of trading has reached a new stage at this time. Summarize the trading records of more than half a year, find out the reasons for your own profits and losses, and think about how to make it as possible as possible To avoid losses, the trading system will gradually generate ideas.
8. Establish a trading system and strictly implement it
It is difficult to build your own trading system, but it is not easy. Some people can do it in a few months, and some people can't complete it in a lifetime. Look at personal opportunity and understanding. Once you really build your own preliminary trading system, what you need to do later is to strictly implement and continuously improve your system. Make stable profits.
Nine, flexible use
Use it flexibly, with a system in mind, but without a system in mind. To put it simply, I can flexibly use different systems to deal with different market conditions. This level is my goal, and I haven't reached it myself. I'm still in the process of perfecting this stage, so I'm not qualified to make too many comments.
The above is my summary of my own experience in foreign exchange trading. I feel that there are several processes that novices can refer to for advanced. They are not suitable for everyone and are for reference only.
Here are some suggestions for newcomers:
1. Don't be greedy. Don't learn too many indicators. After all, you have to dilute these indicators later.
2. Instead of spending a lot of time reading books that are recommended by others and you have finished reading them, it is better to spend time on practice and research. Those books can only be gained after you have reached a certain level and read them. As for those books about technical analysis, it is a waste of time.
3. Believe me, you will definitely lose money in the future, so remember, you must take a light position and keep bullets for yourself before you can make stable profits. Don't wait until you feel that you can make a stable profit but you have no money. As for light positions, here is a standard. For newcomers, the account of 10,000 US dollars should not exceed 0.1 lot, and all accounts below 1,000 US dollars should use 0.01 lot. In the later stage, if you have a certain level, you need to increase your position, another thing to say. This process is a process of letting yourself learn, not a process of making money, so remember!
4. Those half a year is a threshold. If you can’t pass it, just stay away from this market completely. Not everyone is suitable. Don’t force it when you can’t do it.
5. If you have passed the threshold of half a year, congratulations, remember one sentence at this time: trading is not the whole of life, learn to return to life.
Finally, I wish all newcomers and friends who have entered or plan to enter this industry can survive in this market longer .
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