I often hear Huiyou talking like this: "Oh! It's too early to sell. If I sell now, I will earn more than double." This phenomenon is common in the foreign exchange market. Many friends have experienced this situation. They failed to grasp the timing accurately, and finally won a small loss and lost a lot, failing to achieve the ideal profit target. The reason is that these friends have made a common mistake, that is, they did not correctly distinguish between long-term operations and short-term operations.
The foreign exchange market can be roughly divided into four types according to the length of operation time: ultra-short-term operation, short-term operation, medium and long-term operation, and long-term operation. The specific time is not strictly divided. Mex Group generally understands that ultra-short-term operations refer to operations within one hour, short-term operations refer to operations within one day, medium- and long-term operations refer to operations within a week, and longer-term operations refer to long-term operations. . For the convenience of analysis, the following Mex Group collectively refers to ultra-short-term and short-term operations as short-term operations, medium and long-term operations, and long-term operations as long-term operations.
01 "Follow the trend"
Short-term operations pay attention to "following the trend", entering at highs, exiting at highs, fast in and fast out, chasing ups and downs to make price differences. Investors must have timely and accurate news sources, sufficient time and good psychological endurance, and carefully analyze various technical indicators to make the most correct judgment in the shortest time. The key to this method is to set up a stop loss win point. Once you make a mistake in your judgment, leave the market resolutely, don't love to fight, and avoid losses. If you ride a dark horse or catch up with the market, you should use the method of gradually raising the profit stop point. In this way, risks are avoided and greater benefits can be obtained.
02 "Reverse Thinking"
Long-term operations pay attention to "reverse thinking", intervene on lows and exit on highs. It does not require investors to have ample time, nor does it require excessive market analysis. All that is needed is that investors have enough confidence and patience. When the market sentiment is weak, there are many people who are locked in, and people "talk about it", the price is very low at this time, everyone thinks that there is no opportunity, and the market trading volume is small. This is the opportunity for long-term investors to enter the market. Investors do not need to set a stop loss point, only set a profit point, and patiently hold the transaction list. When the market is overcrowded, the index is rising, and the popularity is boiling, it is the time for investors to obtain the results of victory.
How to correctly choose short-term operation and long-term operation? Mex Group believes that it is necessary to be good at analysis and keen to grasp, which varies from person to person and from time to time.
First of all, fully consider personal factors, calm personality, strong psychological endurance, don't panic when things happen, don't panic when you are busy, you can choose more long-term operations. Like a lion, wait patiently for the opportunity to catch a bountiful meal. As the saying goes, "If you don't open for three years, you will eat for three years after opening." Irritable personality, keen thinking, strong win-lose outlook, poor psychological endurance, you can choose more short-term operations. Shooting a gun for another place, flexible guerrilla, collecting less to make more, and collecting armpit to make fur, can finally achieve satisfactory results.
Secondly, correctly analyze market factors. On the basis of accurately grasping the market situation, do more long-term ups and downs, consider the trend of key currencies, technically analyze daily K-line charts and weekly K-line charts, wait patiently, and find the best opportunity Consolidation tends to be more short-term, considering the volatility of key currencies, technically analyzing five-minute charts and hourly charts, fast in and fast out, revitalizing funds, and fully reflecting the time value of funds.
The third is to accurately grasp the price factor, summarize the range of price fluctuations for a long period of time as a reference, and compare the price when you enter. If the price is low, you will be long-term. If you don’t see rabbits, you will not be eagles. Exit; short-term when the price is high, flexible entry and exit, the money you earn is the money, and you will not be stuck at a high position if the situation is not right.
Next, continue to follow in the footsteps of Mex Group to see short-term trading skills!
1. Short-term foreign exchange should be carefully studied from the three aspects of "trading volume, turnover rate, and trend line". In the short-term, the exchange rate has risen rapidly to more than 30%, especially the doubling currency, the trading volume has surged, and the turnover rate has exceeded 15% in a row.
2. In the process of short-term foreign exchange trading, we must be alert to the main force making false breakthroughs. Usually, these currencies change hands in a huge amount before the resistance level in the early stage, but the exchange rate stagnates, which shows that the main force distributes chips wantonly. Many traps. For such currencies, short-term investors must postpone the time of buying until the market closes in the afternoon to prevent the main force from suddenly turning around and falling.
3. During the rebound process after the long-term decline in foreign exchange exchange rates, many currencies rebounded to the upper track of the long-term downward trend and chose to pull back, indicating that the pressure on the long-term trend line is not small, and it also shows that the main force in such foreign exchange is not willing to do more. Resolutely, you should sell in swings, wait for the exchange rate to fall back to the lower track and buy it back. Generally speaking, the anti-containment efforts of the 30th, 60th, half-year line (120 day) and annual line (250 day) are relatively strong, and it is likely to become a phased top. If these resistance levels are effectively broken through, you should go long .
4. When there is a very sudden big negative line from top to bottom on the daily chart and falls below an important platform, no matter whether there is a rebound or no rebound the next day, or when the cross star is received, the goods in hand should be sold. It is right when the avalanche of foreign exchange comes out.
5. Of all kinds of market charts, five-minute charts, fifteen-minute charts and half-hour charts/hour charts have the highest reference value. Half-hour chart/hour chart signals indicate the main direction of the day's positions, and fifteen-minute chart signals can be used as a reference when entering and exiting the market. In addition to reminding everyone to prepare early, the five-minute chart signal can also be used as an exit reference when holding positions against the market. As for the one-minute chart, it is only suitable for extreme speculators to use for ultra-short-term market speculation.
Of course, no matter which trading method you choose, you need to pay attention to the following:
1. Strictly observe discipline: fighting in the short-term foreign exchange market is just like the situation of the army on the battlefield, and special attention must be paid to discipline. Every step in every go-to-market plan is part of the overall deployment strategy and should not be changed on the spot. All revisions must be planned in advance and implemented when necessary. In any case, violating discipline and incurring losses are all to blame, and can only be regarded as a profound lesson.
2. Do a good job of fund management: the funds can be divided into eight parts, and all funds will be used only when a very obvious unilateral market appears, that is, the ultra-short-term investment in the market, and the rest of the time will be used according to the situation. Enter the market in three funds. If you hold a market position, it is not advisable to use more than half of the funds, in case you misread the market and have no chance to close the position and stop the loss, you still have funds to make up for it. When speculating against the market, you should only take spot market positions, and you should not use more than a quarter of your funds to participate.
3. Correct psychological state: Before entering the market, you should understand that actions can bring profits or losses, because your own estimates and judgments may be wrong. After entering the market, don't be shaken by book profits or losses in your confidence in the original careful deployment. Prosperous conditions are easy to relax, and negative conditions are often frustrating. Both of them drive speculators to deviate from the correct psychological state, which is not conducive to making objective analysis when entering the market and striving for good results.
Sharp tools make things happen, wear shoes that suit you, and walk the road that suits you. Mex Group sincerely wishes all Huiyou to go better, more stable and farther!
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