What are the basic trading strategies for foreign exchange trading?

1, spare money investment. If investors invest with funds necessary for life, once foreign exchange transactions lose money, it will directly affect investors' daily life and their psychological pressure will increase sharply. Therefore, we suggest using spare money to invest, which is more conducive to maintaining the stability and peace of mind.

2. Know yourself and yourself. A successful investor in foreign exchange trading should not only understand and analyze the market trend, but also fully understand his own characteristics.

3. Don't over-trade. An investor who can stay in the foreign exchange market for a long time and finally succeed is definitely not a person who is prone to excessive trading. He will keep more than three times the funds in his account at any time to cope with the risk of price fluctuations.

4. Don't change easily after making a decision. We have always stressed the importance of trading plan, so I won't go into details here. A successful foreign exchange trading investor, after a correct analysis, will make the admission plan and profit target of the day in advance, and will not easily make changes because of the current price fluctuation.

5. Don't be blind. Successful investors will not blindly follow the wishes of others. When everyone thinks they should buy it, they will wait for an opportunity to sell it. When everyone is in the same investment position, especially those small investors follow suit, successful investors will feel dangerous and change their routes.

6. act decisively. There are many psychological factors that lead to failure in investing in the foreign exchange market. The most common situation is that investors are often hesitant in the face of losses and can't cut positions in time, thus getting deeper and deeper, eventually leading to increased losses.

7. Suspend trading appropriately. Man is a perceptual animal, and it is impossible to keep rational and mechanized operation all the time. When they obviously feel that their mental state is not good, they should suspend trading. You can go on holiday or just have a rest, stay away from everything related to trading, and never enter the market until you readjust your mentality.

8. Lead the transaction yourself. When investors have made a basic decision on the direction of the market, don't blindly listen to other people's opinions. In short, in foreign exchange trading, investors need to be clear that other people's views can only be used as a reference, and ultimately it is themselves who dominate the operation.

9. Cultivate enough patience. There is a saying in the investment market that "patience is an investment". I believe everyone has a deep understanding of this. In the process of fluctuations in the foreign exchange market, we must be patient enough to wait for its shock or callback, and we must not rush into the market, otherwise it will only lead to unnecessary losses.

10, it is very important to set a stop loss. Because there are high risks in the foreign exchange market, we must learn to stop losses in order to avoid excessive losses caused by temporary mistakes. Stop loss can not only reduce the degree of risk, but also help to calm investors' mentality.