In the currency circle, what should you do with only 3,000 yuan? I tell you: it's enough.
The key is to make money steadily and avoid reckless operations, because careless transactions may lose everything in an instant.
Reasonable allocation of funds:
Invest 2,500 yuan in the spot market, and the remaining 500 yuan is used to try contract trading.
If you can accurately choose a variety that has soared unilaterally, 2,500 yuan may increase in value to 5,000 yuan in a few days. Even after deducting the contract loss of 500 yuan, there is still 5,000 yuan of principal available.
Contract trading strategy:
Divide 500 yuan into five times, 100 yuan each time, and use ten times leverage to open a contract position.
Under ten times leverage, a price fluctuation of 10 points in the opposite direction may lead to a liquidation. It is recommended to choose position-by-position trading, even if the position is liquidated, the balance of the trading account can still be retained. Full position operation may cause the account to be instantly cleared under extreme market conditions, which is one of the reasons why some people face extreme consequences due to failed contract transactions.
Spot trading skills:
When choosing spot, be good at selecting varieties with potential explosion.
These products may double or even multiply in a short period of time, sometimes even in just a few hours. If combined with a ten-fold leverage, more lucrative profits can be expected.
Trading mentality:
For novices, the above methods may not make much sense.
To achieve profitability, not only certain trading skills are required, but also human weaknesses such as greed need to be overcome. In the trading process, technology guides the starting point, and human nature determines the final result.
Rational expectations:
Entering the currency circle with 3,000 yuan, you should not expect too high returns.
If you can keep your capital or keep your principal after several transactions, you have surpassed many people.
I hope the above suggestions can help you make more effective fund management and trading decisions in the currency circle. I wish you success in the currency circle!