With the boom in forex trading, a variety of trading techniques, indicators, and methods have emerged. Many technologies that have not been met before have sprung up. Some of these technologies have evolved from the foreign exchange technology that has been circulating for many years, and some have been researched by foreign traders and directly copied by domestic platforms. Of course, there are also many domestic traders who have independently developed them after years of trading practice. Faced with a dazzling variety of technologies on the market, how should we choose?
Forex Trading First of all, we need to recognize some techniques that cannot be Xi. Overly complex technology is not our choice, because the effectiveness of technology does not lie in its complexity. Some traders mistakenly believe that loading more technical indicators will increase the probability of winning a trade, but in reality, too many technical indicators will only make us feel lost and unable to find the real direction. Therefore, when we choose technology Xi, we must avoid choosing those overly complex technologies to avoid falling into confusion. If you come across a technique that is too complex to understand, it is recommended that you eliminate it in the first place. The accuracy of the trading technology has nothing to do with the level of complexity, and the complexity of the technology only makes it difficult for us to start. How can you tell if a technology is too complex to understand?Quite simply, as long as you can't understand and figure out how to use it in a forty or fifty-minute lesson, you should give up and just ignore it.
Secondly, the latest technology is not necessarily our choice. We might think that the latest technology should be the most accurate, but this is often not the case in trading. The latest technologies that have been developed are often not proven for a long time, and there are many uncertain risks. This new technology is often developed by people who don't have real profitability, and what is their purpose?It's to attract new people.
So, what kind of technology should we learn Xi?First of all, we should learn Xi basic, simple, and classic techniques. These techniques don't require complicated judgment and won't make you feel dizzy. For example, classic candlestick charts and ** charts, which are the most direct reflection of the current ** trend. In addition to being easy to learn and understand, these technologies are no less authentic and practical than those that are new, complex or simple on the market. Many masters rely on the simplest candlestick charts to make trades.
As I have mentioned many times before, only candlestick charts and ** charts themselves represent the current language, and all other technical indicators are counted by a statistical principle after they have been completed. So no one knows whether the next ** will go up or down. Therefore, it is necessary to learn the best diagram, and simple techniques are the most practical.
Now the streets are full of forex training companies, and they teach things from books that have been talked about before. It's not very useful for you to learn from books, and for everyone to learn. So do your profits come from other people's losses?If everyone learns this technique, whose money will make the profit?