ECGlcd foreign exchange situation: the dollar fell slightly, the pound unexpectedly rebounded

 According to ECG market analysis,During the European morning on Friday, the dollar edged lower as the pound and euro steadied near one-week highs. This was helped by the intervention of the Bank of England and expectations of aggressive policy tightening by the European Central Bank.

The U.S. dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 111.903 at 03:05 ET (07:05 GMT), near a one-week low of 111.64 hit in the previous session.

GBP/USD was up 0.3% at 1.1157, having climbed above 1.12 earlier in the Asian session, almost wiping out all the big losses after last week's new government's unfunded tax-cut mini-budget.

The rebound came after the Bank of England announced emergency bond purchases, propping up the gilt market and, in turn, the pound.

As we all know, foreign exchange investment is a high-risk job, and there is no limit to how much money you can make when you do it well. Therefore, how to reasonably avoid risks determines the lifespan of investors in the foreign exchange market. Therefore, learning to plan and limit risk to the limits that you can encounter is especially stressful.

Foreign exchange investment is more attractive to ordinary investors and has more profit opportunities, so foreign exchange is currently one of the markets with great investment potential. ECG advises all investors that any investment has certain risks. In order to make a profit, you need to know how to make an order.

First, make good use of the financial budget and remember not to use the funds necessary for life as capital. To become a successful foreign exchange trader, you must first have sufficient investment capital. If there is a loss, it will not affect your life. Remember not to use the living funds as a transaction. Capital.

Excessive financial pressure will mislead your investment strategy, increase trading risks, and lead to bigger mistakes.

Second, make good use of stop-loss orders to reduce risks. When you trade, you should establish a tolerable loss range and make good use of stop-loss trading to avoid huge losses. The loss range depends on the account capital situation. It is best to set it at 3-10% of the total account amount. When the loss amount has reached your tolerance limit, don’t make any excuses and try to bet everything, and you should close the position immediately.

Third, learn to thoroughly implement trading strategies, and don’t make excuses to overturn the original decision turn around. When you continue this idea, you will not have the will to close the position where the losses continue to expand, but will only lose your mind and wait for the market to turn around. Remember a simple rule: do not let the risk exceed the originally set tolerable range, and once the loss has reached the original set limit, do not hesitate to close the position immediately.

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