Foreign exchange trend trading strategies, each with its own characteristics and advantages and disadvantages. In the process of using foreign exchange trend trading strategies, traders can choose the appropriate strategy based on their own risk preferences and trading experience. Maximize benefits.
The foreign exchange trend refers to the direction of market operation, which is a regular conclusion obtained by observing financial trading markets (such as stocks, futures, foreign exchange, etc.), and is also the main tool of the market. In the process of using foreign exchange trend trading strategies, the following trading techniques are provided for your reference.
1、 Learn to identify trends
Master the skills of identifying trends and determine trends based on the first 20% of the initial stages of the trend. To achieve this, we have already entered the market before most people have discovered new trends.
2、 Determine the lifespan of the trend
To grasp the timing of the position, pay attention to the control of the opening time, not in a hurry, but wait. Trend trading is naturally a medium to long term trend, but it cannot be entered in the middle to late stages of the trend.
3、 Seize the trend of vitality
Investors should be familiar with the operation of trends at their fingertips. How the trend progresses, whether it consolidates or rapidly reverses after the trend is completed, these are all things that investors need to figure out. To achieve this, we need to maintain a calm mind when conducting foreign exchange trading, so that we do not lose sight of the market due to too much self speculation. This is also the truth that most successful forex traders often say that trading should strive for simplicity. Adjusting investment strategies in line with market trends is much safer and more reliable than other methods.
4、 Keep up with the market pace
There are both similarities and differences in the operating rules of the more than ten foreign exchange varieties in the foreign exchange market. Investors need to understand the "personality" of different varieties over a period of time, whether it is as fast as a gust of wind or as gentle as a gentle breeze. If PTA has experienced a trend oscillation and decline before, and it repeats within the day, it is necessary to control your position and keep an eye on the market. For varieties with strong linkage, it is also necessary to observe the operation situation abroad, such as Shanghai Copper last year. Compared with the domestic and foreign markets, it is definitely a short-term downward trend.
5、 Position the trend of stable development
Most of the time of trend development needs to be ensured, and most of the trend segments need to hold positions.
6、 The trend of stop loss and stop profit exit technology
Setting a stop loss to exit a false or short-term trend can effectively reduce losses and avoid more irreversible losses caused by the mentality of luck or stubbornness in wanting to win; Set a trend where the exit from profit has ended and has undergone a reversal, and stop as soon as the situation improves. Effectively preserve profits and invest in the next goal.
7、 The clockwise addition of technology
For overall account profitability, this is important as it is necessary to ensure that the positive trend position for making money is greater than the negative trend position for losing money.
No matter what operational skills are, they cannot be separated from an understanding of basic knowledge and market trends. At the same time, this also requires us to have a basis for formulating operations. When formulating strategies, we should be based on market trends and avoid blind investment.
【 EBC Platform Risk Reminder and Disclaimer 】: There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice.