The investment experience principles of the currency circle:
1. Follow the trend:
Since the trading in the currency circle is very volatile, especially when trading is active at night, it is very important to follow the trend. Some people like to rebound from high or low levels with rapid rise and fall, which is very risky. Chen Dao feels that this Lifting is not necessary at all. As we all know, many times when the currency circle is affected by news or other factors, the fluctuations are very violent. If you don't do a good retracement, it is often easy to fall into a deeper rise or fall in the opposite direction! In fact, looking at the daily fluctuations in the history of the currency circle, as long as we catch a small trend, it can be comparable to the stock market's returns in a month, a half or even a year, so there is no need to make a pullback at the risk of high risks, just follow the trend!
2. Strict stop loss:
Rather than stop making profits, you must stop losses. Everyone knows that stop loss is very important. Stop loss can prevent risks from continuing to expand and allow funds to survive safely for a long time. Without funds as the basis, all profits are empty talk. But in reality, many friends are not good at stopping losses. When losses reach a certain level, fluctuations in book funds and market fluctuations will cause huge psychological pressure on you, which not only affects your investment judgment, but also makes your own funds extremely unsafe. Therefore, no matter how big or small the market fluctuation is when placing an order, we must set a good stop-loss point for ourselves. In addition, Chen Dao recommends that when the market fluctuates greatly, strictly place orders to stop the loss. Regarding take-profit, Chen Dao does not have many operations. When the market fluctuates greatly, he will occasionally place a take-profit order at a high-trading point based on its support or pressure.
