Life-saving techniques for forex starters - continued

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6.When the trend is reverse, take your fight back  

Sometimes when you’re buying and selling with the market, but the market is already near the end, it should be noted that once the reversal occurs, you must fight back. For example: after buying in the bull market, the market price is not showing. Then the market price fell sharply. Don't panic at this time, it is best to reflect on it. If you are sure that it is currently reversing the trend, it is necessary to immediately close out and fight back.


7.Look for a market breakthrough to build your position 

Regardless of the market in the rising market or the market in the falling market, once the market ends and breaks through the resistance or support level, the market price will break through and become a leap forward. For experienced investors, this is a good time to enter the market to establish a position. If the market is at a long-term barrier, the position created during breakthrough will be sure to bring back rich profit.


Life-saving techniques for forex starters - continued


8.Mind the bounce after collapse and the adjustment after a sharp rise

In the forex market, a sharp rise or a sharp fall in prices will not be like a straight line. If the price rises too fast, it will always be adjusted. If it falls too sharply, it will also rebound. It is complicated and not easy to grasp. Therefore, after the exchange rate rises sharply by two or three hundred points or five or six hundred points, you should be extra cautious. It is better to wait and see rather than follow up hastily.

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