foreign exchange operations HowForexRebatesWork order to make stable profits in foreign exchange trading, efforts to learn the relevant knowledge bestforexrebaterates experience of foreign exchange operations How Forex Rebates Work very important, newcomers in the beginning of the real world of foreign exchange trading, must be ready to lose money psychologically poor theoretical foundation, foreign exchange on the actual operation will be very difficult to do well! The theory is the most important part of the actual battle, the wrong theory of foreign exchange operations will lead you to make the wrong foreign exchange trading decisions and produce premiumrebateforexes again and again, so to do well in foreign exchange, you must have a solid theoretical foundation. Here is not much to say, the following immediately turn to the practical discussion of how to place a single, in what position, under what direction of the single? This issue is very important, I do not know if you look at cashbackforexreview issue and how to do first, before the single we have to come to a technical analysis (do not do the premise of data) selected object (currency: such as Europe and the United States), what is its current long-term trend, what is the medium-term trend, what is the short-term trend? This three issues to see is very easy, I think we will know, this will not say much about these three issues but there is an important issue must be said, is the definition of the trend, its formation, this do not know how you are defined for it, my definition is: the trend is formed by price changes in a specific cycle to reach a consensus mainstream bias and a direction of price changes represent the conversion of long and short forces The trend of the participants ideology is said here, this we do, is not it possible to place a single, far from enough, it just gives us a general direction Now on the second important issue before placing a single: the reference cycle problem before starting to place a single, you must give yourself a position, you are a day trader (ultra-short term), or short term traders (hold positions overnight, two to three days), medium-term trader, etc.! Positioning to determine, we must choose a reference cycle for their positioning to an example: for example, ultra-short term: this practice is not a long position, so of course, will not choose a very long period as the main reference standard generally choose fifteen minutes as the main reference cycle, and an hour for the trend direction cycle, five minutes for the entry reference cycle this practice is the use of small subordinate to the large cycle resonance practice homeopathic not to do Counter-trend single, one hour to the main direction, the main reference cycle direction must be consistent with the long direction cycle want to get a good entry point in the entry cycle resonance to find the trend and reference cycle two important single problem here has been solved, the rest of the problem to consider is the position problem and the calculation of the profit target and stop-loss level of the problem position believe that many people know, more than 20% of the next position is considered a heavy position This is the universal understanding, here I want to give you a little new understanding of the position problem involves statistics, is an important part of the capital management of the single so how much position, this has to be combined with the accuracy of your own operating system and profit and loss ratio I do not know if you know what is called the operating system, in my first theoretical chapter has mentioned here not much to say here to talk about the profit and loss ratio problem: what is called profit and loss ratio, the literal solution is the ratio of profit and loss, a little more detail is your system in the daily single brought profit and risk ratio, and my is 3 to 1, profit for 3, loss for 1 which belongs to the short term system, general overnight single ultra-short system profit and loss ratio is generally in 1 to 2.5, profit for 1, loss for 2.5 two different systems have two different profit and loss ratio, profit and loss The ratio also determines the requirements of the accuracy of the system, the lower the profit and loss ratio, the higher the accuracy requirements of the system talking about and back to the system, first on the stop to discuss the last issue: stop loss level in the single at the same time, the stop loss must follow the stop loss there are several methods: one is the limit loss stop loss this method is to consider the individual so the acceptable degree of loss depends, such as his loss can only lose 50 points each time, then he On each time according to 50 points stop loss, this method has a bad is poor flexibility The second is a technical stop loss I commonly used, is to set a stop loss at the technical pressure or support level, while considering their ability to accept, if this stop loss range calculated down to my profit and loss ratio, then this single I may not play, and then wait for the right bit This stop loss managed to have to take into account the possibility of market makers making fake data, so Generally in the deviation from the technical level of about 3% of the position to set a stop loss, because if you happen to set a stop loss in the technical level, this single will usually be swept away There is also a kind of instant stop loss: this according to the actual market with the second with an important way to further reduce losses remember to have a previous theoretical article in one point is this: before the market does not prove you right, try to close or reduce the position this instant stop loss is to this This instant stop loss is based on the theory of this sentence is difficult to say clearly, only you continue to experience in the foreign exchange market will be able to slowly grasp!