Foreign exchange speculation tips

　　Six tips for starting foreign exchange speculation:

　　1, make good use of financial budgeting, remember not to use essential funds for capital. Too much financial pressure can mislead your investment strategy, increase trading risk, and lead to bigger mistakes.

　　2, make good use of free simulation account, learn to speculate foreign exchange. Beginners should be patient to learn, step by step, do not rush to open a real trading account. Don't compare yourself with other people, because everyone needs different time to learn, and the experience is different.

　　3. Forex speculation can't just rely on luck.

　　4. Trading with intuition and no strategy is risky behavior. Trading intuition is important, but it is not acceptable to trade on intuition alone.

　　5. Use stop-loss orders to reduce risks. It is best to set the account at 3-10% of the total amount, when the loss amount has reached your tolerance limit, do not look for an excuse to try to gamble and wait for the market to turn around, should immediately close the position.

　　6, learn to thoroughly execute the trading strategy, do not find excuses to overturn the original decision.

　　In order to avoid the occurrence of fatal mistakes in foreign exchange speculation, it is necessary to remember a simple rule - do not let the risk exceed the original set tolerable range, once the loss has reached the original set limit, do not hesitate to close the position immediately.