Newbie how to correctly build a position

Newbie how to correctly build a position a lot of newbies on how to build a position is more confused, in the stock market, build a position, close a position and hold a position in the same meaning as above. Simply put, these three mean: buy, sell and continue to hold the stock. So how do newbies build a position correctly? On the newbie how to correctly build a position, the next step is to say that the steps to build a position.

Newbie how to correctly build a position

1, the use of forex averages to determine the direction of the position. Investors in the speculation of foreign exchange. According to technical analysis when the preferences, choose the most suitable for their own set of averages system, use this set of averages system to judge the direction of their positions. It is worth noting that in the average chart to analyze the trend of foreign exchange, the small cycle to be consistent with the large cycle, so that is a more accurate judgment of the fluctuation trend of the exchange rate, which is a novice how to correctly build a position is an essential step.

2, the use of drawing line technology to determine the support and resistance levels. Here the more recommended tools are mainly Fiboracci line and channel line to judge. Important support level is also the main basis for the judgment of the stop-loss level.

3, the use of indicators for further improvement. Need to use some indicators, such as RSI, KDJ, etc., to further determine the appropriate entry point, this time these indicators are mainly auxiliary use, which is how the novice correctly build a position to pay special attention to the point.

4, the use of foreign exchange K chart to determine the speed. Here the main need to do is to determine the current foreign exchange market in the multi-party and short side of the power ratio, the main only use is some of the K line and K line pattern.

5, calculate the risk ratio of this position. This is the focus of the novice how to correctly build a position, usually, the risk ratio of 1 to 1.3 in the case of building a position.

6, assuming a variety of situations to respond. The main thing that needs to be done here is to determine the exit point and the exit point, due to fluctuations in foreign exchange, may encounter a variety of situations, to assume that the response to these situations.

7, the development of specific trading strategies. On the newbie how to correctly build a position, the above link after the end of the specific trading strategy can be developed, this time the specific stop-loss price and take-profit price should be judged, in the trading strategy developed after the set stop-loss price do not easily modify.