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Is foreign exchange short-term trading reliable? What are the skills of foreign exchange short-term trading?

2022-01-24

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There are a variety of foreign exchange trading methods, among which foreign exchange short-term trading is used more by investors, but it is usually used more by investment veterans. So is the specific foreign exchange short-term trading reliable, and what are the skills of foreign exchange short-term trading? This article will explain these two issues to everyone, and novice investors can focus on them.

Is foreign exchange short-term trading reliable?

Short-term foreign exchange trading is definitely reliable, but some black foreign exchange platforms are unreliable. Short-term foreign exchange trading is an emerging sector in the foreign exchange industry. Because of its low investment threshold, convenient investment, and the ability to trade anytime and anywhere, it has attracted a large number of investors. It is currently in a stage of rapid development, but this will inevitably lead to There will be some confusion.

Some lawbreakers see that short-term foreign exchange trading is so popular, and they start to use their crooked minds and play tricks on the platform. Therefore, when some investors choose a platform, if they accidentally encounter this kind of black platform, they will definitely be pitted. For example, the transaction often slips, or the withdrawal threshold is high, or the gold is not given directly. So this requires us to be very careful when choosing a platform.

As a foreign exchange investor, while learning foreign exchange skills and improving your ability to make orders, you can do not rush into the market first, first check whether the platform you choose is a formal platform, and choose some platforms with good reputation, so that you can try your best to do it as much as possible. Improve the security of our funds.

What are the skills of foreign exchange short-term trading?

First, adjust your mental state. Short-term needs for foreign exchange investors to constantly enter and exit the market, if the psychological pressure is too large, it will affect the transaction.

Second, we must understand technical analysis. The key lies in the word "understanding". Usually, investors only need to learn a day of technical analysis to do short-term trading. They can look at trend lines, use extremely short-term averages, and explain the relationship between price and volume. It is enough for foreign exchange speculation. And all that's left is to look at market indices and listen to fundamental news.

Third, master basic mathematical knowledge. Knowing that probability is the winning factor in short-term trading. A six-sided dice runs from 1 to 6. If you roll the dice for a long time, odd and even numbers will appear about half the time. In short-term trading, the situation of up or down is generally half and half.

(1) How to do it

1. To learn to read the 5-minute disk, beginners must slowly accumulate experience. This builds your patience. See also the 15-minute and 1-minute panels.

2. Don't rush to trade. Wealth is not in a hurry. Practice the basic skills well, practice the technique well, go through the simulated rehearsal, increase the success rate, and practice makes perfect. Practicing boxing and not practising kung fu will be a waste of time. Every day, every minute, every second of opportunity: never miss an opportunity.

3. Patience is a virtue, patience is waiting, patience is waiting for the signal to be established, the opportunity is determined, and the time and location are in place.

Patience is the guarantee of success. Patience is a high standard and strict requirement, and patience is an inevitable requirement for precise and secure transactions.

4. Wait for the signal to establish the hourly trade, wait for the completion of one bar, and change the bar. (The progress of the five-day moving average passing through the bar depends on the time progress of each bar, and after passing through one bar, enter the next bar) to see the five-day moving average. Change in place, see whether centrifugal or not, the change of angle and position. Determine whether to buy or not.

One slow and three points stable, change the column, and when the column rises to the top or falls to the bottom, it will not be bought halfway up the mountain. Changing columns, sometimes changing directions, is like waiting for a traffic light to change.

5. Wait for the position to trade, do not trade until the pullback is in place, wait for the time and column change, just wait for the candle to move to the position, such as swashplate trading with the trend, wait for the candle to pull back or break through the 14-day moving average, when you are sure , buy in an instant, follow the general trend and buy in the opposite direction of the small trend.

6. Methods and techniques

(1) Sideways:

Do centrifugation: different-color centrifugation; same-color centrifugation; hammer centrifugation; pregnancy bag centrifugation; cross star centrifugation. Be patient.

(2) Swash plate opening plate:

Do homeopathic: steep indicator line, the main rising wave or the main falling wave. The time is 5 minutes M5. Steady, order along (break) the 14-day moving average. Aggressive, order along (break) the 5-day moving average. Trend change or destruction, resolutely do not do.

7. Swashplate technical indicators

(1) The Bollinger Bands open and the swash plate is formed. three lines.

(2) The 5-day moving average and the 14-day moving average cross, a golden cross or a dead cross. Golden fork or dead fork, up or down, combined with the MACD indicator.

(3) The MACD indicator shows a clear upward (or downward) growth and elongation from the moving average, indicating the trend direction, and follow the trend.

(4) RSI indicator, angle, strong reverse, slow and smooth homeopathic. Go with the trend, go against the trend. Wait for the callback to buy, change the column of different colors to buy; or buy at the card position. Swap buy and pullback buy.

It mainly depends on two points:

The first is the intersection of the 5-bar (daily) moving average and the 14-bar (daily) moving average (the golden cross is up, the dead cross is down), which determines the direction of the market.

The second is to see the length and speed of the rise or fall of the MACD indicator's bar (thin bar), which should be larger than its moving average, and the trend is established and maintained. Once the bar is flat or shortened, stop placing orders and wait and see for a change in trend.

8. Observe discipline:

(1) Do not go against the trend. Consider this an important discipline that must be strictly followed.

(2) No chasing orders, no overweight. Take this as a discipline to avoid gambling and trade safely. Chasing orders is easy to activate gambling, admit the bet and admit defeat, and strictly follow the standard signal next time. Pursuing orders will fail.

Resolutely not to overweight, according to the probability, can't be big or small, stable and safe to win, don't think about getting it back.

9. Make rules and implement them strictly.

(1) Determining the types of transactions, good quality, standard and easy to do.

(2) Set chips and trade equal amounts.

(3) Set the number of times, stop work when the number of times is reached. Eat fish maw, certainty, certainty and safety. Specify the number of daily trading rounds, the number of transactions, reduce the frequency of transactions, and stop trading when the number of transactions is reached.

(4) Set a time and stop work when the time comes. The stable period is selected for sideways; the main up-wave and main down-wave periods are selected for swashplate, with large fluctuations. Don't work overtime.

(5) Take profit. Specifies the maximum profit limit allowed for daily trading. If the position exceeds the limit, stop the hand and shut down the computer. When you encounter huge profits, you close your position and close your hands.

(6) Set stop loss. Specifies the maximum allowable loss limit for daily trading. If the position exceeds the limit, stop the hand and shut down the computer.

(7) It is not allowed to trade for capital. I'm afraid that the psychology of gamblers will get deeper and deeper.

(8) Treat discipline as life! Discipline is life.

(2) Quality is more important than quantity

1. Successful traders are snipers: wait for the standard signal you want before shooting. Accuracy is life, if inaccurate, the less transactions the better.

2. Every time you make a trade, wait for only the signal, not the feeling. When you're going to fire that shot (signal), you can't be emotionally invested.

3. Remember that no signal is 100%, and only placing an order according to the signal will reduce the risk.

4. It doesn't matter how many times you make a transaction, it only cares whether you make a profit in the end.

5. The number of transactions is small, and it is easy to control risks, which is conducive to improving the standard and quality of transactions and improving the success rate. It is beneficial to control the mentality and keep the mentality balanced without imbalance.

(3) Recommendations that must be remembered

1. Centrifuge sideways:

Including: same color centrifugation; inner package centrifugation; hammer centrifugation; cross centrifugation.

Requires sideways (that is, a relatively stable disk that touches the upper and lower tracks of the Bollinger line, that is, a rotating disk). The central axis should be flat, the angle of the five-day moving average should be gentle, less than 30 degrees, and the RSI angle should be large, greater than 30 degrees.

2. The swash plate does homeopathy:

Including: golden fork and dead fork; buy with the trend; buy at the pullback level and touch the 14-day moving average.

Requires a swash plate (opening plate, horn opening, swash plate). The central axis should be inclined, the slope of the 5-day moving average should be steep, greater than 45 degrees, and the RSI angle should be gentle.

3. Do five-minute trades, five-minute K-line bars. (After you become proficient, you can also do one-minute trades.)

Swap bars to buy. 4 minutes 59 seconds, or 00 seconds. One column, one order, no chasing orders, no overweight.

4. Set the take profit level, stop loss level, and set the daily odds.

5. Be clear-headed and calm, and strictly abide by the above disciplines.

6. Transaction: Safe.

Make a sideways signal, do not operate an unstable market. If you don’t grab points, when you don’t grab it, be careful to call back.

Period of violent fluctuations: 2:30 pm--4; 30; 8:30 pm--10:30 pm.

The night plate is turbulent, so be cautious; you can follow the trend in the swash plate.

7. Trend: Homeopathy.

Don't trade against the trend, be careful to grab the callback.

Gambling is a weakness of human nature, keep in mind that the more you earn, the more you will lose your balance.

8. Mentality: Quit gambling and be at peace.

Centrifuge the same color sideways, add the hammer to the centrifuge, add the centrifuge to the inner bag, and reverse when the upper and lower rails of the Bollinger line are touched.

Refer to the attack wave of RSI. The attack wave of RSI is an acute angle, not an obtuse angle. The trend is real, and the opportunity is here.

MACD's view of the general trend does not reverse the strength of MACD.

9. Swashplate: Take advantage of the trend and dare to do it. The two moving averages on the 5th and 14th, and the central axis of the Bollinger Bands, crossed successively, the upper or lower Bollinger rails opened and bent, and the four lines were arranged steeply and smoothly, forming a clear upward or downward channel and trend. Every touch or break of the 14-day SMA is a buying opportunity.

10. Place an order: place an order for a column, enter the market on the hour, one column for one order.

Chips: constant chips, the size of the same.

Not chasing orders. Once you chase an order, you don’t know how many orders to chase, and it’s easy to fall into the contrarian trap.

Time: 5 minutes for the main session, 15 minutes left.

Varieties: Only make one variety at a time.

Risk control, stop profit and stop loss, must stop after work, and never do it again.

(4) Use your bullets wisely

1. Once you start trading patiently, you will slowly learn to use your bullets (funds).

2. People who are obsessed with trading and who are always vigilant on the market will not necessarily make a profit.

A trader who makes 1 to 5 trades a day will not necessarily lose money. If accurate, if a single order is $200, the daily return is not low.

Trading discipline:

(1) Develop good trading habits

(2) If your mood fluctuates greatly, don’t operate it if you are overly happy or overly sad.

(3) The network is too poor to operate

(4) If there is no very standard signal that I am familiar with, do not operate

(5) If you reach your own preset take profit and stop loss, do not operate

(6) Stop the operation if you lose 3 orders in a row, take a break and adjust, and don’t chase orders on a single signal.

(7) It is recommended that each order should not exceed 5% of the overall position. Do not place heavy betting on small positions.

Doing short-term foreign exchange operations requires better ability to analyze and judge the market compared to long-term operations. The long-term is mainly to look at a long-term trend, while the short-term needs to grasp the small trend as accurately as possible in the large trend, and focus on technical analysis methods. Two trading methods, investors should choose according to their actual situation.

Regarding the issue of short-term foreign exchange trading, this article explains whether short-term foreign exchange trading is reliable, and what skills are there in short-term foreign exchange trading. It can be seen that short-term foreign exchange trading is relatively reliable, but two issues must be considered here, that is, the formality of the foreign exchange platform and the investment level of investors themselves.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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Is foreign exchange short-term trading reliable? What are the skills of foreign exchange short-term trading?

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