What are the practical trading skills for speculating in foreign exchange?

First, speculation in foreign exchange technology should have a good attitude. Traders should believe in their own ideas and models, maintain a good trading mentality, and can't just shake trading strategies for temporary losses.

Second, homeopathic trading. In the foreign exchange market, traders should keep the trend unchanged and move when the trend changes. When the downward trend has not changed, we should stick to holding cash; When an upward trend has not changed, you should stick to your position.

Third, not afraid of failure. When the waves fall, it is a thankless job to find support. The rate of decline is three times that of rise, because fear is more terrible than optimism. A person's self-confidence comes from his failure, and the purpose of strategy is to let us control risks, not to maximize profits. Fourth, master the skills of judging long-term trends. It is impossible for traders to predict the daily fluctuation of foreign exchange market trends with high accuracy, but the long-term trend can be judged. The longer the time, the more certain the trend. The secret is simple, but for most people, it is extremely difficult to do.