Forex investment experience sharing, Forex account managed and trading.
MAM | PAMM | POA.
Forex prop firm | Asset management company | Personal large funds.
Formal starting from $500,000, test starting from $50,000.
Profits are shared by half (50%), and losses are shared by a quarter (25%).
Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management
In forex trading, the more books a trader reads, the greater their losses are likely to be. This is because the more strategies there are, the more difficult it is to adapt and choose the right one.
Too many strategies and methods can lead to a dilemma and prevent one from making wise decisions.
In traditional society, if people only needed to wear a watch to tell the time, everything would be simple and clear. However, if a person wears two or even ten watches, attempting to keep time to the second, they will be faced with a multitude of choices and be at a loss as to where to start. Similarly, if a person seeks advice, two people might get a relatively consistent opinion, but ten people will likely give ten different answers, further confusing the person seeking an answer.
In forex trading, a trader's strategy should be as simple and pure as possible. Too many forex trading strategies can lead to a dilemma and prevent effective execution. The simplest way leads to the same destination. Truly effective methods are often simple and consistent; they don't need to be overly complex.
The more forex books a trader reads, the more strategies and methods they learn. However, an overabundance of strategies and methods can leave traders overwhelmed. In reality, truly effective trading methods are often not complex but simple and easy to implement. Traders should focus on mastering a few proven strategies rather than trying to master every possible method. This not only improves decision-making efficiency but also reduces the psychological burden and potential risks associated with overwhelmed choices.
In the world of forex trading, all traders sooner or later come to realize that forex trading technique isn't the key; the difference lies in how quickly they grasp it. Letting go of the obsession and worship of forex trading techniques can not only save significant time but also lead to significant breakthroughs in forex trading.
In forex trading, when traders focus on probability, they no longer obsess over technique. Although they fully understand that capital size is paramount, with mindset secondary, understanding this truth should naturally lead them to stop obsessing over technical skills. Understanding the insignificance of technical skills, there's no need to obsess over and worship them.
However, for retail investors with small capital, not focusing on technical skills means they have little value or advantage in the market competition. Small capital is an unchangeable reality, and the effects of mindset training are intangible. Only forex trading techniques offer a wealth of knowledge to learn, accumulate, and build upon, which can provide emotional comfort.
In forex trading, successful traders always emphasize disseminating basic knowledge and point out that day trading and short-term trading discussions are unnecessary, as these techniques are driven by a gambling mentality and fall outside the mindset and technical requirements of long-term investment. However, retail investors with small capital cannot afford to ignore such content, as they inherently face capital constraints and lack the resources for long-term investment. If they embrace the long-term investment philosophy, they'll just sit around waiting. Furthermore, achieving financial freedom with minimal capital is nearly impossible for retail investors, unless they treat forex trading as a hobby or an investment game. Otherwise, small capital can't even be considered a risk-diversifying investment strategy; it's not even close to that level.
In forex trading, the size of a trader's capital plays a crucial role.
Generally speaking, large capital yields large returns, while small capital yields smaller profits. This conforms to basic economic principles. However, those who expect to earn large returns with small capital are mentally imbalanced, and this mindset sets the stage for significant future losses.
In any investment field, whether traditional or financial, those who achieve enormous wealth are mostly those who already possess considerable wealth. In reality, accumulating large fortunes from small capital is extremely rare. Those with significant wealth often possess greater intelligence and insight into the nature of the capital market.
Forex trading is plagued by the desire to get rich quick. Most traders view it as a high-risk gamble. They rely on luck, and once they profit, they believe they possess a natural talent for forex trading, even believing they can make a living from it. However, they overlook a fundamental fact: profits and losses come from the same source; money earned through luck can ultimately be lost due to bad luck. Even if one possesses natural talent, treating forex trading as a career or a career without years or even decades of experience is tantamount to gambling.
Forex trading doesn't require excessive effort; it requires the use of both brain and heart. While the phrase "use your brain and heart" may sound concise, truly putting it into action and persevering through it can take ten or even twenty years. How many more decades do we have in our lives? We only have one chance.
In the world of forex trading, traders must possess a sense of purpose and aspiration to effectively resist the distractions of greed and fear.
In traditional society, those without ambitions often lack a strong drive for progress. They find it difficult to change their destiny through education, nor do they pursue higher education. However, in the forex market, greed and fear are the most taboo emotions, severely hindering a trader's success.
Furthermore, another phenomenon is worth noting: in forex trading, traders who view themselves as "fools" often profit, while those who consider themselves intelligent often lose money. This is because intelligent people are accustomed to controlling, manipulating, and managing others, and applying this mindset to the investment market can have the opposite effect. Highly educated individuals, in particular, should learn to follow the market, adapt to it, and submit to it. Only in this way can they reap rich returns in forex trading.
Another common phenomenon is that no matter how high one's academic credentials are, even if they hold a PhD, they may still be only a student in the field you excel in. With this understanding, we shouldn't blindly idolize those with high academic credentials. Of course, we are also students in the fields of research conducted by highly educated PhDs. Therefore, we should maintain a humble attitude. This is also a manifestation of fairness, and we shouldn't develop a rebellious attitude towards higher education.
Finally, forex traders need to be aware that lack of desire will slow us down, while excessive desire will lead to a loss of peace of mind. Therefore, traders should always maintain a sense of mission and aspiration. When the forex market experiences a pullback, when fear strikes, we should remember our mission and aspiration and not give up on our pursuit. When the market trend extends, when greed tempts us, we should also remember our mission and aspiration and not give up on our pursuit.
In forex trading, traders often compare it to a craft, ranging from basic, rough work like masonry or carpentry to more refined and complex crafts like moldmaking or mechanics.
In traditional society, whether it's masonry or carpentry, it typically takes three to five years of learning and practice to reach proficiency; moldmaking or mechanics might take five to ten years to reach proficiency. Even so, the final product still varies, from rough to refined, depending entirely on the practitioner's dedication.
In forex trading, if traders view it as a craft, they may better understand and complete the corresponding training process. Otherwise, they may not realize that forex trading also requires systematic training. As a craft, forex trading requires learning, practice, and reflection, and this process is repeated over and over again. Through the accumulation of extensive experience, a qualitative leap can ultimately be achieved.
Forex trading techniques themselves are not complex; any trader with normal intelligence can master them with training. However, honing a trader's mindset is a long and arduous task, and for many traders, it may be a lifetime goal they never fully achieve.
Of course, the most crucial aspect of forex trading is having sufficient capital. Secondly, cultivating a trader's mindset is also crucial. In addition to mastering investment knowledge and common sense, cultivating a trader's mindset is perhaps the most important area for traders to focus on.
In contrast, forex trading techniques are relatively secondary. Many traders mistakenly believe that simply learning to place orders at support and resistance levels is sufficient to navigate the market. This view is clearly one-sided.
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou