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Forex knowledge

What are the operating concepts that should be possessed whe

2023-06-21

The operating concept that a person should have when trading real foreign exchange business:
1. Investors should have some basic knowledge to participate in personal real foreign exchange trading;
2. The key to using personal real foreign exchange trading business for investment and financial management is to grasp the trend of foreign exchange rates;
3. Customers should set the "stop loss" price in time;
4. Individual real foreign exchange trading should be decided by the customer at his own risk and risk.
 
The operating concept that a person should have when trading real foreign exchange business:
 
1. Investors should have some basic knowledge to participate in personal real foreign exchange trading. In order to improve the investment effect of personal real foreign exchange trading, investors should have knowledge of finance, money and banking and economics, especially for foreign exchange and foreign exchange market.
 
2. The key to using personal real foreign exchange trading business for investment and financial management is to grasp the trend of foreign exchange rates. It is necessary to correctly use relevant economic and financial theoretical knowledge combined with various market information available to conduct "fundamental analysis" of foreign exchange trends, and at the same time combine the use of "technical analysis" to make comprehensive judgments on exchange rate trends. We must not rely on feelings alone, let alone have a "gambling" mentality.
 
3. Customers should set the "stop loss" price in time. In the process of personal real foreign exchange trading, if the market exchange rate changes in a direction unfavorable to the customer, so that investors face a greater risk of exchange rate fluctuations, the customer should set the "stop loss" price in time and close the position in time at this price to prevent further expansion of losses.
 
4. Individual real foreign exchange trading should be decided by the customer at his own risk and risk. Due to the unpredictable foreign exchange rate, customers may make profits or suffer losses when conducting personal real foreign exchange trading, depending on whether the customer's judgment of the foreign exchange market is correct.
 
Reminder: The dollar also depends on the US CPI results in July, the energy crisis continues, and it is difficult for the euro to recover the decline. The market is changing rapidly, investment needs to be cautious, and the operation strategy is for reference only.