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Foreign exchange operations rational closing position

grasp the correct buy po cashbackforexprofitcalculatort cashback forex calculator Online only half of the success, plus the correct closing position is completely successful This is any speculative cashbackforexcalculatorOnline is the eternal law, the foreign exchange market is no exception Some foreign exchange friends in foreign exchange analysis is very good, regardless of the fundamentals, technical aspects have their own unique insights, but their operating performance is often less than satisfactory one of the reasons is the timing of closing positions almost always wrong, either too early to close the position, did not achieve subsequent lucrative profits; or is late to close the position, so that the market finally returned to the starting point of the buying point, or even cashback forex trapped visible, grasp the timing of closing the position is very important basic skills high throw method cashbackforexpipcalculator secondary top closing method investors want to be able to have a method, a panacea, such as technical analysis in a certain indicator, once the indicator reaches a certain value However, unfortunately, there is no such technical indicator so far. In fact, as long as you do not overly pursue precision, there are certainly ways to do so. Generally speaking, most investors who use this investment strategy use a combination of fundamental and technical analysis of the currency, such as the golden mean, averages, patterns, etc. to determine a reasonable target price, and then wait for the currency to reach this target price to close their positions immediately. Generally speaking, investors who use this closing strategy usually use technical analysis to determine the signs of a top, mainly from the pattern of the currency trend and trend to determine the specific, is through the double top, head and shoulders, triple top judgment medium-term head established, decisively close the position to the recent market for example: August 8, 2006 due to the Bank of England unexpectedly raised interest rates by 25 basis points, the British pound exchange rate rose strongly to 1.9144, and hit a new high in 2006 in the case of the inability to judge whether the pound still has room to rise, we take a position to wait and see the strategy then the market into the adjustment, September 4, the pound once again surged 1.9081, from September 2 to September 4, three days in a row without the ability to rise again, we use the sub-top closing method decisively out of the market, to avoid the subsequent loss of nearly 300 points of decline in the combination of two methods Whether its the high-selling method or the sub-topping method, both can achieve quite good investment results Many successful investors and fund managers around the world use one of these methods, but no matter which method is used, each has its own shortcomings For investors who use the high-selling method, they must first master a set of methods to analyze the economic fundamentals of the country where the currency is located, the investor sets the The target level set by the investor must be higher than its current market price so that unless you really have their own unique in the foreign exchange market, then the establishment of the target price may be more dangerous and for the use of the secondary top close out method of investors, is mainly based on the trend of the exchange rate to judge, and do not determine a target price for themselves in advance of course, the shortcomings are also obvious, which requires investors must invest more time and This is why some people tirelessly study what is the real top, what is the false top, so as not to be deceived I believe that the combination of the two methods will be better, so that the position is more rational when the exchange rate reaches the target price set at the beginning of the buy, you should immediately close your position because the investor in the target price, there are always their own reasons, and the beginning of the target level set, generally can also More sensible when the exchange rate continues to rise, most peoples brains start to heat up in order to avoid making mistakes, it is best to close the position in time after the investor closed the position may also rise, which can only be said to be an error in judgment, rather than due to the investors feverish mind If the market really has room to continue to rise should have the courage to buy again, but this is a new operation, set the target level again sensibly, and Do not be influenced by the previous single 

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