Novices in foreign exchange definitely want to make only profits but not losses in the foreign exchange market, but veterans know that it is normal for foreign exchange to have losses and profits. If you want to grow steadily in the foreign exchange trading market, you must learn and master the necessary basic knowledge of foreign exchange.
The first thing you must learn is the basic knowledge of foreign exchange. The basic knowledge of foreign exchange mainly includes some necessary knowledge for trading foreign exchange.
For example, what is the spread, how to trade, what is the overnight interest, etc., what you need to know is how to use the trading software.
How to place an order in mt4, how to close a position, etc., these all need to be learned.
Furthermore, it is necessary to learn foreign exchange technical analysis skills. We know that no matter what kind of investment, technical analysis is always the basis for making orders. Therefore, if you want to conduct foreign exchange transactions, you must first learn technical analysis, but the means to fully master technical analysis is It is very rare. For novices, they only need to master a few relatively simple but very practical ones, such as MACD, moving average, etc.
The last is the analysis of foreign exchange fundamentals. Fundamentals are the most fundamental force affecting foreign exchange exchange rate fluctuations. Therefore, it is necessary to grasp the impact of foreign exchange fundamentals on exchange rates. We can use major financial calendar websites to understand and pay attention to various Fundamental news is very helpful to trading.