How can we do foreign exchange well?

Books for studying foreign exchange include: exchange rate instability, wealth train+30-day documentary of foreign exchange trading, gold foreign exchange speculation 100 strike, foreign exchange, foreign exchange handicap application -k-line technology, foreign exchange market-empirical research on high-frequency data, etc.

I suggest that you can learn in several steps:

1. According to your own situation, read more classic works in your spare time, and then further learn and supplement your knowledge through the Internet. This process may take 1 to 3 months, depending on everyone's free time. In the meantime, you should constantly verify what you have learned through simulated transactions and historical charts.

2. Think and design a trading method of your own. At the beginning, you can delete and supplement an existing method according to your expectation, ability and knowledge background. Because it is the first set of methods, you can have a framework in 2 to 3 days.

As for what a complete set of methods should include, here are some references:

1) Am I a trend tracker or an interval trader? We must make a choice here. We don't rule out the possibility of genius, but it is impossible for normal people to master two trading modes at the same time on their own.

2) Take trend tracking as an example. What level of trends should I track? (map of Japan? A four-hour chart? Hour chart? What criteria are used to judge the formation and end of the trend? For the same reason, don't try to track trends at multiple levels at the same time.

3) Should I open a position after the price breaks through a certain support/resistance, or wait for the price adjustment?

4) What is the standard for opening positions?

5) How many posts should be established (two posts can be considered at the beginning)? How to set the stop loss? How to set the take profit (if it is a 2-hand position, you can close the position after a certain scale of profit 1 hand, and the remaining 1 hand-held trend confirmation)?

6) Do my positions and stops match my financial situation and risk tolerance?

7) What about continuous losses? (You can consider suspending trading 1 considerate 1 month after three to five consecutive losses to test the method. )

3. After the method design is completed, don't rush into battle first, and verify whether the method is feasible through historical charts. Graphical tools such as eSignal and China Merchants Bank Huitong all provide historical graphical data. Can you accumulate profits by observing on the historical map and operating according to your own design method?

4. Make a verification operation record and method correction record, and simply use Excel.