8 tips for Forex investment

　　Foreign exchange investment refers to the exchange behavior between different currencies carried out by investors in order to obtain investment income. Foreign exchange investment requires investors to operate carefully everywhere, the following list of 8 key skills must read for foreign exchange investors reference:

　　1. Never let anyone shake your mind

　　After entering the market, you should bear in mind the trading principle, the original investment plan must not be changed at will, the amount of personal funds is different, the tolerance of market risk is different, you should abide by your own plan, should not listen to the opinions of others and change.

　　2. Don't go against the trend

　　We must carefully observe the market, coupled with objective basic analysis, supplemented by historical trajectory of technical analysis, we can ride the trend into the market.

　　3. Safe stop loss estimate

　　Preserve investment strength and reduce losses that may be incurred if trading goes wrong. We point out that stop-loss orders are used to help investors exit the market as quickly as possible in case of danger after entry.

　　Of course, stop loss orders can not be arbitrarily set, but as long as there is a clear information before the entrance to assist, and in accordance with the principle of ordering, you can reduce unexpected losses.

　　4. Wait and see if the situation is clear

　　Before deciding to buy or sell forex, be sure to maintain a positive view of the market, must have sufficient investment information, market information and peace of mind.

　　5. Know your own character and abilities

　　As the saying goes: Know yourself and your enemy, and you will win every battle. We need to know our own character, understand our own strengths and weaknesses, and properly play.

　　6. Approach errors should not be maintained for long

　　If there is a reversal of the market trend and the established plan is different, you should trust the facts. Because the forex market is global and has many participants, anything unexpected can happen. Not admitting failure is a big no-no for a marketer.

　　7. Don't be penny wise and pound foolish. Do what you want

　　Before and after entering the market, we should book the buy or sell price, profit and stop loss level. But this is just a forecast, don't get too stuck on a particular price.

　　As long as the deviation in the price is not far from the original target price, you should make the final decision to buy and sell.

　　8. Pyramidal pursuit when the situation is favorable

　　When the target price has been reached and the profit is in hand, and the market trend is confirmed in their favor, you may wish to use pyramid trading to catch up, this investment strategy often brings very considerable returns.