Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
In trading fields such as foreign exchange, futures, gold, and crude oil, the breakout opening method is a common trading strategy.
Its core lies in accurately identifying and fully utilizing the breakout points of market trends. Confirming the effective breakout of the market is a key link in the trading process, but it does not mean that one should enter the market immediately once a breakout occurs. The truly appropriate time to buy is after the breakout occurs and the market can stabilize at a new level. The initial breakout is usually accompanied by a price pullback, and this process is actually a test of whether the market can stabilize at a new price level. No matter at which point one enters the market, the key is to identify strong trends, because such trends often do not give too much room for pullbacks, or only have a small pullback after a large rally. In this case, for the strategy of waiting for a pullback, you need to make a choice of entering the market or standing aside.
The Turtle trading rule is a method that focuses on breakout trading. Successful breakout trading not only depends on technical analysis but more importantly on money management strategies. Even at present, some people can succeed by relying on the Turtle trading rule, while some people cannot. This is not because there is a secret in the strategy itself, but because this strategy tests the humanity and discipline of traders.
The trading strategy of light position and long-term investment is usually not realistic for small-capital foreign exchange investors.
In the foreign exchange market, for many ordinary investors, adopting a long-term and light-position trading strategy is often not practically feasible. On the one hand, ordinary family investors may lack sufficient patience to wait for long-term investment returns and it is also difficult for them to bear the corresponding risks. On the other hand, for investors with relatively abundant funds and those who aspire to become well-known figures in the trading field, the light-position and long-term strategy may have a certain degree of feasibility. However, most investors often have to choose a more active trading method due to reasons such as life pressure.
If investors decide to adopt a light-position and long-term strategy and expect to achieve remarkable results in the foreign exchange market, they need to set ambitious goals. For example, set the asset growth goal to 10 times or even 100 times, and insist on not selling and not increasing investment until the goal is reached. Such a strategy requires investors to have great patience, firm belief, and a profound understanding of the long-term market trends.
In the field of foreign exchange investment and trading, the more professional traders are, the more they usually tend to avoid excessive talk about the professional issues of foreign exchange investment and trading.
This is mainly because, as they continue to explore and learn deeply in this field, they will gradually realize that when their knowledge reserve is constantly increasing, they will instead more deeply realize that the knowledge they have mastered is still very limited. Foreign exchange investment and trading covers many complex aspects and links, including macroeconomic situations, policy dynamics of various countries, technical analysis methods, and market psychology. Each aspect is like a treasure trove of knowledge. In the process of continuous excavation, professional traders will increasingly clearly realize that they are only tiny individuals exploring in this vast ocean.
At the same time, they also know deeply that different subdivided professional fields have their own uniqueness, and excessive talk has no practical benefits. In foreign exchange investment and trading, different subdivided fields such as trading strategies, risk control methods, and the application of technical indicators all need in-depth study and practice to be truly mastered. For people who are not familiar with these fields, even if professional traders try their best to explain, it is difficult for the other party to truly understand the essence and key points. If the other party does not understand the relevant content, they may think that the trader is showing off and may even counterattack, thereby bringing unnecessary trouble to the trader himself. After all, everyone has different levels of cognition and understanding of foreign exchange investment and trading. When there is a large gap between the views of professional traders and the cognition of the other party, misunderstandings and conflicts are easily triggered. This unnecessary dispute will not only consume time and energy but also may have a negative impact on the trader's mentality and decision-making, which is not conducive to maintaining calmness and rationality in foreign exchange investment and trading.
Choosing to enter the foreign exchange investment and trading market is often based on the pursuit of engaging in the profession of foreign exchange investment and trading.
In the field of the stock market, due to its high volatility and from the historical performance, it shows the characteristics of a short bull market and a relatively long bear market, which makes obtaining stable cash flow face greater challenges. Although there are certain investment opportunities in the US stock market, not all trading platforms are formal and under effective supervision.
In this case, the futures and foreign exchange investment and trading markets have become a more attractive option due to their formal trading platforms and short-selling mechanisms. The deferred delivery products and futures contracts of gold and silver give investors more flexibility and investment opportunities. However, futures trading is by no means easy. It requires investors to have in-depth knowledge of the market and strict risk control.
In the futures market, stable monthly cash flow is not common, and annual returns are relatively more likely to be achieved. Financial investment largely depends on market conditions, and what investors can mainly control is their own risk management. Profit usually requires the cooperation of the market, and the exit strategy is a complex system engineering. Therefore, for young investors, establishing a good risk control mechanism is extremely important.
In the process of pursuing financial freedom, people usually exhibit a higher degree of frugal behavior.
Full-time foreign exchange investment traders are similar to those engaged in business activities in that they both need to face the uncertainties of the market and challenges in fund management. Compared with people with fixed salary incomes, foreign exchange investors are more deeply aware of the difficulty of making money and are therefore more cautious in consumption.
In daily life, when the experience difference of products or services is not significant, people often tend to choose options with lower costs. Full-time foreign exchange investors will not use all their earnings for consumption but will retain most of their funds to achieve compound interest growth, resist inflation and increase wealth accumulation. Frugality is a rational consumption behavior. Avoiding buying luxury goods, reducing luxury travel, maintaining a low-key lifestyle and avoiding frequent social engagements are all effective financial management methods.
People engaged in foreign exchange investment pay more attention to the accumulation of funds because investment requires sufficient principal to achieve rapid wealth growth. Fear of capital requirements and investment risks makes them more cautious in consumption. If there are more children in the family, the future career development is unclear or the family's income is unstable, the economic pressure faced by the family will increase, and family members will also be more frugal to cope with future uncertainties.
If family members have unrealistic expectations for the funds in the foreign exchange investment account or engage in excessive consumption, it will bring additional pressure to the family's economy. In this case, maintaining a rational consumption concept is particularly important.
Finally, foreign exchange investment and financial management are a long-term process that requires patience and reasonable strategies. Full-time foreign exchange investors regard funds as a work platform and tool rather than a one-time consumption resource. This is the key to achieving financial freedom. Through reasonable planning and prudent management, financial goals can be gradually achieved even in the face of family and economic pressure.
In the current investment environment, professional foreign exchange investment trading websites are extremely scarce.
The main reason is that in the field of foreign exchange investment trading, the number of participants has been relatively limited for a long time and it has always been in a relatively niche industry position. Given its niche characteristics, the scale of the user group it can attract is relatively small, which makes it difficult for professional foreign exchange investment trading websites to obtain a large enough user base to support their continuous and stable development. From a capital perspective, when making investment decisions, large capitals usually comprehensively consider various factors such as market size, user needs, and return on investment. In the field of foreign exchange investment trading, due to its niche nature and the current situation where it is difficult to quickly form a large-scale user group, large capitals generally consider that the investment risk is relatively high, and the expected return may not be ideal. Therefore, large capitals usually will not invest a large amount of resources to enter this field and carefully build a large professional foreign exchange investment trading website. After all, capital often tends to flow to areas with broader market prospects and higher return potential.
In the long process of foreign exchange trading, traders deeply perceive the unique sense of loneliness that this profession endows.
Due to long-term separation from the traditional workplace environment, traders gradually notice the continuous shrinking of their social circles. Sometimes they even extremely miss the days when they were in the office, and miss the warmth brought by teamwork and collective activities. As their understanding of trading concepts continues to deepen, traders find that communication with ordinary investors becomes increasingly difficult. So they choose to remain silent and never take the initiative to discuss trading topics unless asked. Even when asked, traders will simplify their explanations as much as possible because they have realized that the other party is likely not really interested.
However, once traders adapt to this professional loneliness, they will be pleasantly surprised to find that their lives can actually be extremely fulfilling and colorful. Due to focusing on long-term trading, traders actually don't need to spend too much time on trading. This provides them with abundant free time, enabling them to pursue their childhood dreams and interests. In their leisure time, traders will also share their insights and thoughts on social platforms and can also balance family life well.
In short, although traders may feel lonely at the professional level, by pursuing personal hobbies and improving the quality of life, they have found their own value and sense of satisfaction, and thus no longer feel lonely.
In the field of foreign exchange investment, "bottom fishing and top catching" belongs to the category of long-term investment concepts, while "don't bottom fish or top touch and only eat the fish body" is classified as a short-term trading concept.
In the process of foreign exchange investment and trading, there is a short-term trading concept widely recognized in the industry, that is, "avoid bottom fishing and top touching and only focus on obtaining relatively certain partial returns in the middle of market trends, which is the so-called only eating the fish body." This concept means that in short-term foreign exchange trading operations, traders should avoid high-risk attempt behaviors at the bottom or top of the market and concentrate on grasping the relatively certain middle links in market trends to achieve relatively stable income acquisition. The reason is that in short-term foreign exchange investment trading, the act of bottom fishing and top catching is usually accompanied by an extremely high risk coefficient. Since it is extremely difficult to accurately determine the bottom and top of the market, a slight mistake may lead to a large-scale loss.
In sharp contrast, "bottom fishing and top catching" is precisely a specific manifestation of a long-term investment concept. In long-term foreign exchange trading investment, based on in-depth analysis and long-term judgment of many factors such as economic fundamentals and industry development trends, investors believe that making strategic layouts in the bottom area of the market can reap rich returns when the market rebounds in the future; and selling in a timely manner in the top area of the market can achieve income locking and effectively avoid losses caused by market declines. However, putting this long-term investment concept of bottom fishing and top catching into practice is by no means easy. It requires investors to have profound analysis and judgment abilities, firm investment beliefs, and sufficient patience and determination.
As the world's largest retail foreign exchange market, Japan's status is established thanks to the negative interest rate and ultra-low interest rate policy of the yen.
The click365 platform can be divided into a foreign exchange investment trading platform and a stock index trading platform, and the position reports are submitted separately. The foreign exchange investment trading platform mainly conducts transactions of more than 30 major currency pairs related to the yen, including mainstream currency pairs such as EUR/USD and GBP/USD, while USD/JPY is the currency pair with the largest trading volume. The stock index trading platform trades more than ten major stock indexes including Nikkei 225, FT100, DAX30, S&P500, DJA, NASDAQ, etc., among which Nikkei 225 is the index with the largest trading volume. There are obvious differences between foreign exchange and stock indexes. All stock market indexes have long-term upward trends and characteristics. Maintaining the prosperity of the stock market falls within the category of basic national policies. Usually, it shows a slow upward trend all year round and almost never declines. Once it declines, it will fall sharply in a short period of time and then rise again. This provides a rare money-making opportunity for heavy-position short-term investors. However, the phenomenon of such a long-term trend is relatively rare in foreign exchange currency pairs. The situations of long-term rises and long-term falls roughly account for half each. Making the domestic currency fall or depreciate in the long term is aimed at maintaining the long-term growth of foreign trade exports and maintaining the long-term advantages of foreign trade growth. The most typical example is the yen. This is also the reason why Japanese retail investors account for half of the global total. Japanese yen carry trade also makes Japan a country that accounts for half of the global share in the global retail foreign exchange market.
It should be noted that the statement in the text that "stock market indexes usually show a slow upward trend all year round and almost never decline. Once they decline, they will fall sharply within a few days and then rise again" is not completely accurate. The trend of stock market indexes is affected by many factors and is uncertain, and it does not necessarily show such a pattern. At the same time, the expression that "the situations of long-term rises and long-term falls of foreign exchange currency pairs roughly account for half each" is also relatively absolute. The foreign exchange market is also affected by many complex factors, and its trend is difficult to be divided in such a simple way.
In Japan's foreign exchange investment trading, the click365 platform has certain deficiencies.
The platform has relatively high handling fees and price spreads. For ordinary retail investors, it is not very suitable for short-term trading. Especially when the one-way position reaches 4 to 5 billion U.S. dollars, the available funds of retail investors will be greatly reduced, making it difficult to add positions. At this time, there may be a situation where large international capital traders snipe at retail investors.
The foreign exchange market is a place of "zero-sum" game. There must be a situation where if someone makes a profit, someone else will suffer a loss. If 85% of foreign exchange investors suffer losses, then 15% of people will obtain huge profits. As the world's largest retail foreign exchange market, Japan has created 35% to 40% of global retail foreign exchange trading volume. The major foreign exchange platform providers are the most representative giants in the Japanese foreign exchange industry. Their trading volume almost accounts for more than half of the entire Japanese foreign exchange industry. According to the Bank of Japan's funds circulation statement in 2006, Japanese households account for 63% of the comprehensive settlement investment of yen and foreign currencies in foreign exchange investment, far exceeding financial institutions. Exchange trading is mainly conducted through the Click365 platform. This platform was launched by the Tokyo Stock Exchange in 2005 and is the official foreign exchange margin trading platform in Japan. This measure has successfully introduced foreign exchange margin trading, which is mainly over-the-counter trading, into the exchange. First of all, from the perspective of the yen exchange rate, the yen has a large currency issuance and is a low-interest currency. It is often used to arbitrage interest rate differentials in foreign exchange trading. Coupled with the free circulation of the yen, the yen has become one of the main safe-haven currencies in the foreign exchange market, which in turn has promoted the rise of local Japanese brokers and the foreign exchange investment behavior of Japanese housewives.
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