I am a cautious trader who does not look at the indicators but only looks at the naked K. I draw support and resistance levels by myself (effective at the daily line level). The trading time is from 2 pm to 2 pm. I have lived until now!
There are only winners and losers in the foreign exchange market, there are no teachers, great masters, and orders (you must believe that there is no more reliable person in the world than yourself). Doing foreign exchange is very lonely and boring, and it will be very profitable if you do it for a long time of.
Cut the nonsense and go straight to the question.
Get rid of blind spots
The ups and downs of the market do not follow the K-line trend, but are guided by the fundamentals and news. This is the fundamental driving the market trend, and this is the guide that leads to the K-line, so please put away your legendary bulls. Forced formulas and indicators, these are useless! Many traders are misled by these and other indicators.
basic knowledge
You need to know what kind of order you are making. You need to know the value of 1 point of the basic leverage of the transaction. How many orders can you resist without liquidation?
don't bet on the market
Don't gamble on the market, this is the most stupid behavior, you may win once or twice, and you may lose your position because of the third mistake, all you have to do is follow the market. Don't think how the market will go, even if you are really right in the end, sorry, the market is always right! Your overconfident judgments can cause you to suffer in shocks.
Familiarity with fundamentals is very important
It is very simple to do this, because you pay attention to the financial calendar every day, and read the rolling news and news every day. If you are not a professional player or an amateur, you must also understand the fundamentals. Remember not to touch unknown varieties, even if the trend is good.
Wait patiently to prevent cheap hands
Sometimes an order without careful consideration will bring you unexpected losses. If you think about profit? Sorry, try it a few times. . . Wait patiently for the data market to appear.
Making orders is actually that simple. Remember the above, and then judge based on the understanding of the fundamentals and the positive and negative data, your own order placement, position holding time, and position closing point. When it comes to closing positions, you can pay attention to the support and pressure levels of the daily line level in the early stage of the K-line. That's all you need to know about the technical aspects.
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