Precautions for beginner FX
Even if you are not a beginner, you are worried about exchange fluctuations caused by the sudden depreciation of the yen and the appreciation of the yen. Natural disasters such as earthquakes, tsunamis, and droughts also affect exchange rates. Fluctuations in exchange rates due to sudden natural disasters cannot be predicted no matter how hard you try. Even if you continue to study, if you do not acquire the ability to know the future, you will not know about natural disasters and you will not be able to predict the exchange rate perfectly. As a matter of course, beginner Forex traders have not been able to carry out advanced spiritual training such as maintaining a normal mind due to the sudden appreciation and depreciation of the yen. Even if you think you’re used to it, the sharp rise and fall over the years may occur in the next moment. There is absolutely no financial market. There is also a risk of impulsive response based on the momentum and transient judgment on the spot. In order to manage the risk of foreign exchange trading firmly assuming the situation in the financial market as much as possible, let’s put in a loss cut (stop loss) firmly. Judgment goes wrong if you have a big unrealized loss. Stop loss is an order that automatically confirms the loss when the unrealized loss reaches a certain value. Even if you think that you should give up and settle when the unrealized loss reaches XX million yen, there are some people who end up with an unrealized unrealized loss that is too large. It’s often overlooked in beginner Forex, but it’s important not to lose more than to make a profit. The scariest thing is that you can’t afford to re-grow your assets in Forex because you didn’t put in a stop loss. There is nothing you can do without the principal to seize the opportunity. For beginners, you should only avoid making a single mistake too big and irreparable. For that reason, let’s anticipate the worst and take action.