How to speculate in foreign exchange

1. It is best not to hold positions overnight in the process of speculating foreign exchange. If you must hold positions, you must set stop-loss prices and take-profit prices to prevent huge losses. Stop loss price and take profit price can be set with reference to the 5-day moving average and the 20-day moving average.

2. Don't Man Cang or operate heavily at any time. We must judge the general trend and follow the market. Be careful when you are in a band, don't lose big because of small things. Don't go up when it's time to go up, resolutely bearish, don't fall when it's time to go down, and resolutely bullish.

3. Foreign exchange is a T+0 mechanism. We should give full play to the flexibility of this mechanism, seize the opportunity, enter and exit decisively, and overcome greed (unwilling to sell) and fear (afraid to buy).