Tips for currency market operation: I usually choose to place orders in batches near the support level, because the contract market has inertia. In extreme cases, some technical analysts will stop loss and close positions when they fall below a certain position, which will cause a sell-off, so the support level will be broken.
When closing positions with profit: I will also choose to place orders near the resistance level to close positions in batches.
Place a short order near the high point of the extreme resistance level and a long order at the low point. If the currency market fluctuates greatly when you sleep in the middle of the night, there may be a needle-pulling or sell-off, then this extreme order can be executed, and maybe both directions can be executed when you wake up. Once I placed an order in this way and made money.
Then keep the order that determines the direction, and close the order in the other direction.
It is easy to suffer losses: it is the operation mode of rushing to chase the rise and rushing to kill and chase the short.
Many novices with a bad mentality stop loss or open a reverse hand in this situation.
Novices must start with low leverage.
Slowly improve your skills, make more profits, and have a thicker safety cushion, then slowly increase your positions
and the number of orders, don't be too anxious and greedy, contract trading is the winning rule for a long time, a long-term plan!
