Only by continuously reducing the error can you stabilize your profit. Keep in mind the following points to help you make long-term, stable profits and reduce the risk of foreign exchange.
The first is: the judgment of the trend judgment
big trend is quite clear. Small trends, especially during the day, will not be so clear, and will be influenced by some data expectations and important people's speeches. This is from a technical analysis point of view. We grasp when is the trend of the big cycle, when is the callback, and when is the range shock. The big interval is well grasped and the bottom of the heart is there.
The second is: Resolutely do not grab the callback
I said not to grab the callback when not to grab the small intraday callback. Because of this ultra-short-term callback, technical analysis can not produce more accurate results. It may just be consolidating, and the multi (empty) side is saving the power to continue the attack. If you pay attention to your trading records, you will find that the operational losses of a certain day are often reverse trend trading. Because the direction is right, even if there is a point, I still have a way to save you. But if the direction is wrong and you don't know the stop loss, it is really unsuccessful.
The third is: the point standard
tends to judge the entry point, the accurate bottom point of the entry I tend to be more radical, but also means a greater risk. Because the point needs to be judged first, then you need to wait patiently. (It is undeniable that in addition to the analysis, there may be some luck in the middle.) If there are times when the trend is abnormal, you will not be able to reach this comparative advantage. We would rather not enter the market, but instead choose to place a trade. Because of the bad points, the trading pressure is often relatively large, especially in pursuit of falling or chasing, often appearing on the ceiling.