How to profit from short-term foreign exchange trading? What skills are needed?

short-termforeign exchangeHow to make a profit from trading? What skills are needed? Foreign exchange is divided into short-term trading and long-term trading based on the length of the trading cycle. Short term trading is also a preferred trading method by most investors, but short-term holders have a very short holding period. After placing the order24We can close the position within an hour. More importantly, there are requirements for the technical and market responsiveness of investors. So, in order to achieve simple profits, investors must master some practical skills. You can see thatForeign exchange transactionsHow do people engage in short-term trading.

Firstly, learn to look at the market.

As this is a short-term operation during the trading session, our operating strategy is mainly to follow the technical trend of the day and try to trade at the market price. So in the early stages, you can learn to observe1Minute trading, gradually accumulate experience, and then observe again15Minutes and1Minute. This helps to improve market analysis skills and seize trading opportunities.

Secondly, find the right time to enter.

The timing of short-term entry and exit is crucial. Although opportunities are always present, many people still need to be patient and wait for the best trading opportunities. If there is no pullback, do not trade, wait for time, change the bar line, only wait for the chart to move to a certain position, for example, when the chart is pulled back, touched or exceeded14When the sky moves, you can buy within a certain time frame and buy when the trend reverses.

Thirdly, implement a trading plan.

If you are worried that you may make mistakes in actual trading, you can make more trading plans yourself and strictly follow them, such as setting trading rules, not doing reverse trading, not executing instructions, etc., to determine the types of transactions you can trade. You usually do this and trade frequently every day. Wait, pursue stable and safe profits, and avoid blind trading.

Fourthly, attach importance to transaction quality.

The profitability of short-term foreign exchange trading does not depend on how many times you have traded, but on whether your trading has maintained high profits. If the number of transactions is small and the accuracy is high, the profit effect will be very obvious and help to reduce transaction costs.

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