First of all, fund management is very important. I divide the funds into several parts and only invest a small part each time. In this way, even if I make a wrong judgment, I will not be hurt.
Secondly, the stop loss point must be set well, and you must leave decisively when it arrives, don't hesitate, and follow the trend. When it falls, the rebound may be a lure to buy more; when it rises, the pullback may be a good opportunity to buy. Follow the market, don't go against the trend.
Be vigilant about those that soar in the short term. They are high-risk, and once you miss the best buying opportunity, it is easy to be stuck at a high position. It is better to find those currencies that are rising steadily and have great potential. Although they will not get rich overnight, they are stable.
During the transaction, technical indicators must also be used. MACD and volume-price relationship are all commonly used by me. They can help me better grasp the market rhythm and find the best time to enter and exit.
Adhere to the review, summarize and reflect on the transaction every day, and continuously optimize the strategy. Don't follow the trend, you have to find a way that suits you to gain a foothold in the currency circle.
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