What are the skills of foreign exchange documentary trading?

1, single choose a reliable tutor. As a merchandiser, a novice has limited foreign exchange knowledge and needs a reliable "leader", that is, to choose a reliable merchandiser tutor. Mainly depends on whether the foreign exchange platform where the tutor is located is formal, the tutor's word of mouth and the accuracy of the bill.

2. Know your own order. The ordering situation mentioned here not only refers to which variety is traded, when to buy it, whether to buy it up or down, but more importantly, it is necessary to understand why the instructor who placed the order did so and what is the basis for judgment. These are the really valuable things.

3. Cultivate risk awareness. Most teachers with orders have a strong sense of risk, and they will make their own trading plans and prepare for the worst before placing an order. But many novices who have orders don't have this awareness. They just want to make more money from the process of placing orders, and often use excessive risks to follow orders, which eventually leads to teachers making money and people who have orders losing money. Therefore, novices should pay special attention to risk issues and learn to stop losses when handling orders.

4. Summary of documents. Forex novices not only make money, but also need to sum up what they have learned in the process of documentary, and what trading rules and analytical skills they have mastered. Only in this way, can they gradually come out from the novice and become master traders. If you don't make a good summary, you can't give full play to the documentary.