Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
In the field of foreign exchange investment and trading, every foreign exchange investor and trader needs to maintain confidence and must not develop an inferiority complex due to the achievements of others.
Small foreign exchange investors should not belittle themselves because of the success of large investors. After all, success does not only depend on technology. Luck also plays an important role that cannot be ignored. There is no need to feel inferior in the face of power because the use of power is not always reasonable and legitimate, and power is not completely equivalent to personal value.
In interpersonal relationships, an individual's value should not be defined by the evaluations of others. In some aspects, such as appearance, wealth, or power, people may develop an inferiority complex, but this inferiority often stems from excessive attention to these factors. If a person does not care too much about these external factors, then even in the face of people who perform outstandingly in these fields, they will not feel inferior.
An intellectual who has no interest in money is unlikely to feel inferior in front of rich people. Similarly, a person who is focused on their own field will not develop an inferiority complex due to the wealth or fame of others.
What is important is that we should maintain a balanced attitude, neither underestimating nor overly emphasizing external factors. In this way, our lives will be more resilient and we will be able to face various situations with a peaceful mindset. We will neither be self-abased and discouraged nor arrogant and conceited. In this way, we can better focus on our own growth and development without being influenced by external evaluations.
Will successful foreign exchange investment traders pass on their trading skills to the next generation?
Can their children inherit this skill and thus ensure that the family can maintain a stable life through trading for generations? Although there is a possibility of imparting knowledge, the probability of successful inheritance is actually relatively low. Trading skills are somewhat similar to the talents of athletes or actors and have a certain degree of congenital nature to some extent. Even top foreign exchange investment traders cannot ensure that their children have the same trading talent as themselves. However, if parents can teach some basic trading knowledge in advance, then at least when children become interested in trading, they can help them avoid some common pitfalls.
Foreign exchange investment trading is an extremely challenging field. Without sufficient enthusiasm and a certain talent, it is difficult for ordinary people to succeed in the foreign exchange investment trading industry. Even if they are interested, the difficulties in the learning process and the investment of time and money are also a huge test for many people. This is relatively similar to starting a business. The probability of success is very low, and failure may seriously affect the quality of life. But if parents can give guidance and support and reduce the cost and risk of trying, this is undoubtedly very valuable.
Although children are their descendants, they are also independent individuals with their own thoughts and choices. What parents should do first is to respect the wishes of their children instead of imposing their own wishes on them. The final decision should be based on the interests and preferences of the children.
In the field of foreign exchange investment and trading, "bottom fishing and top touching" refers to the operational behavior of buying when the market is at its lowest point and selling at the highest point.
This is usually regarded as an extremely difficult and highly risky investment strategy. Different stages reflect the continuous deepening of investors' understanding of the market and the gradual evolution of strategies.
I. Primary stage
In the primary stage of foreign exchange investment and trading, traders may frequently try to identify the top and bottom of the market. There may be several such so-called "opportunities" every week. At this stage, they will realize that the behavior of frequently trying to bottom fish and top touch is not a wise move. This is just like seeing a mountain for the first time and simply intuitively thinking that it is just a mountain.
II. Intermediate stage
As experience gradually accumulates, foreign exchange investment traders begin to reduce the frequency of trying to bottom fish and top touch. There may be only a few times a year. They begin to realize that although they previously thought that bottom fishing and top touching were wrong practices, with a deeper understanding of the market, this strategy may be feasible. This is like looking at the mountain again and beginning to realize that the mountain is not just what it seems on the surface. There are more meanings and possibilities behind it.
III. Advanced stage
For experienced foreign exchange investment traders, there may be only one opportunity to bottom fish and top touch every few years. At this stage, they already have a profound understanding of market dynamics and realize that bottom fishing and top touching at the right time can bring丰厚 returns. This is just like looking at the mountain for the third time. The mountain in their eyes is still a mountain, but they can already perceive the whole picture of the mountain and the deeper meaning it represents.
People who truly understand the market will recognize that bottom fishing and top touching can become a lucrative strategy under appropriate conditions, but this is mainly applicable to medium and long-term trading. For intraday short-term trading, due to its complexity and uncertainty, I am not familiar with it and thus cannot make an accurate assessment.
The personality traits of foreign exchange investment traders play a crucial role in the entire trading process.
It should be clear that only by finding a trading method that best matches one's own personality is it possible to achieve stable profitability. However, it is regrettable that many people still cannot accurately analyze their own personality types even after a long time. This is indeed a problem worthy of in-depth thinking because the implementation of the trading system is closely related to one's own personality. Only those trading systems that fully conform to one's own personality traits can be stably implemented in the long-term trading process.
We must clearly recognize that other people's trading systems may not be suitable for ourselves. Just as in the trading field, everyone has a unique personality code, and this code determines the trading method suitable for oneself. For example, some people can tolerate a large proportion of drawdowns, perhaps because they have stronger psychological endurance and risk preferences. For those who cannot tolerate a large proportion of drawdowns, their trading systems are obviously not suitable. Because once facing a large drawdown, such people may fall into anxiety and uneasiness, which in turn will affect subsequent trading decisions. Therefore, we cannot blindly imitate other people's trading systems. Instead, we should deeply understand our own personality characteristics and find the trading method that is truly suitable for us. Only in this way can we walk more steadily and for a longer time on the road of foreign exchange investment trading.
In the field of futures and foreign exchange investment and trading, even if investors successfully accumulate huge wealth, such as reaching a scale of 1 billion, however, when considered from various aspects, this kind of success may still be inferior in some specific aspects to the stability and social status possessed by a grass-roots civil servant.
The work of grass-roots civil servants usually has a relatively stable source of income, a clear and definite career development path, and a high degree of social recognition. In futures and foreign exchange trading, although the accumulation of wealth may be quite remarkable, market uncertainties and risks always accompany it.
If taking a profit of 5 million as the measurement standard, compared with grass-roots civil servants, it may indeed lack sufficient attraction. In addition to stable salary and treatment, grass-roots civil servants also enjoy a relatively complete social security system and a certain sense of professional honor. In futures and foreign exchange trading, although a profit of 5 million can also be regarded as a considerable amount of wealth, considering the risks and uncertainties in the trading process and the possible market fluctuations that may be faced later, its attractiveness is relatively limited.
However, when wealth accumulates to the billion-level, a major qualitative breakthrough has been achieved. This influence stems not only from the amount of funds, but also from the meaning represented behind it. At this time, funds are no longer just simple currency, but represent the power of capital, means of production, labor force, and resource allocation.
For ordinary people, money is to a certain extent a symbol of power and also an important tool for exercising power. Having sufficient wealth can play a role in many aspects, such as supporting charitable causes, promoting social progress, and realizing personal dreams and goals. However, we should also recognize that money is not omnipotent and it cannot replace important values such as morality, emotion, and interpersonal relationships. In the process of pursuing wealth, we should also pay attention to our own moral cultivation and social responsibilities to achieve more comprehensive and sustainable development.
In the field of foreign exchange investment trading, success benefits from the organic combination of intelligence, persistent efforts and appropriate strategies.
The daily fluctuations of gold and US dollar gold are relatively stable. However, at specific stages, their fluctuations will significantly increase. For intraday short-term traders, avoiding extreme fluctuation situations and focusing on consolidation periods is more appropriate. In this case, the Martin strategy usually performs outstandingly.
The returns of foreign exchange investment traders mainly come from in-depth exploration within their cognitive range. Reaching the peak state in a specific field means having an extremely broad vision. Losers often fall into the predicament of short-term trading, while most profit makers are not over-reliant on short-term trading. Although intraday trading has certain attractiveness, there are not good opportunities every day. Frequent trading will only increase risks. The flexibility of the foreign exchange market attracts many investors, but success cannot be easily replicated.
Ordinary investors, with an adventurous spirit and risk tolerance, dare to try because they are not afraid of losing. Trading provides an independent development path for those who have obstacles in social interaction. There is no need to rely on interpersonal relationships and the degree of freedom is extremely high. But it must be regarded as a profession and continuous learning and training are required.
In short-term trading of foreign exchange investment margin, a stable stop-loss strategy is extremely important. Losses caused by slippage should be avoided and a prudent attitude towards funds should be maintained. Foreign exchange investment traders need to attract account entrusted clients with long-term stable and considerable returns and let results speak. Even if there is no client entrusting an investment account, independent profitability can be achieved through good trading and then their own needs can be met.
In the trading process, accepting losses and mistakes is undoubtedly an extremely challenging task.
However, by adjusting the mindset and focusing on the overall winning rate and profit-loss ratio, the trading experience can be significantly enhanced. It is of utmost importance to maintain confidence and must not overly worship others or underestimate oneself. Success does not solely depend on talent; effort also plays a crucial role. Short-term trading, due to its high-risk nature, needs to be treated with caution to avoid making wrong decisions due to emotional fluctuations.
Light position operation, trend trading, and reducing intraday trading are effective measures to reduce risks. Fund management is extremely important. For example, for large accounts, the position holding should be controlled to avoid full position operations to reduce the risk of large one-time losses. Trading should not be the whole of life. Family, health, and friends should not be overlooked either.
In the financial market, there are diverse sources of profits, including hedging, central bank interest, etc., and it is not only due to the mistakes of others. For training and trading, there should be a clear understanding: Capital usually does not favor pure training but is more inclined towards actual trading and asset management. Brokers and exchanges make profits by charging commissions and fees, while training is regarded as a suboptimal choice.
In the field of foreign exchange investment and trading training, the key elements of success include the communication skills of trainers and an accurate grasp of market demand.
However, the effectiveness of training is often questioned. The reason is that true trading skills are difficult to obtain solely through training and depend more on personal practice and understanding. Foreign exchange investment and trading training may be regarded as a “legal fraud” in some cases, mainly because it often attracts people who lack trading knowledge.
There is a paradox in foreign exchange investment and trading training: if the training content is indeed effective, then why don't trainers focus on foreign exchange investment and trading itself? This makes the trading training industry often be regarded as suspected of “harvesting leeks”. In the futures and foreign exchange market, only a few people are suitable for investment and trading because this field requires a high level of cognitive ability, craftsmanship spirit, a peaceful mindset, and self-discipline. In the end, personal foreign exchange investment and trading experience and self-awareness during the investment process are the most reliable basis.
In the field of foreign exchange investment, individuals with high IQs do have certain advantages in learning.
However, this does not mean that they will necessarily achieve success in trading. In fact, high IQ is not equivalent to having strong trading skills. On the contrary, traders who have both a relatively high intellectual level and are willing to put in effort can often learn more quickly and better execute trading strategies by mastering correct trading methods.
However, from another perspective, traders who perform poorly in foreign exchange investment may lack necessary advantages and may even be at a disadvantage due to certain unfavorable factors. It is worth noting that overconfident traders with high IQs may sometimes, due to over-reliance on their own intelligence, neglect the cultivation and practice of trading skills. This overconfidence may lead them to make wrong decisions in trading, which in turn has a negative impact on trading performance.
In conclusion, the success of foreign exchange trading depends on the combined effect of multiple factors, including but not limited to intelligence, effort, mastery of strategies, and practical experience. High IQ is certainly an advantage, but more importantly, continuous learning and practice, as well as strict adherence to trading discipline.
In academia, writing books and holding a professorship are highly respected. However, these theories are not always effective in actual trading scenarios.
The success of trading is usually not measured by emotions or sentiments. Reading books is indeed necessary for understanding trading theories, but they do not always successfully transform into actual trading skills.
Most books on foreign exchange investment trading are written by people who have not achieved significant success in the market. On the other hand, truly successful foreign exchange investment traders often do not share their core secrets through books. Therefore, many traders may be misled by these books, and the number of people who can truly break through these limitations with their own insight and experience is extremely limited.
Masters in the field of futures and foreign exchange investment rarely publicly show off their achievements and are even unwilling to be interviewed. This is not because they are unwilling to share, but because the true meaning of trading cannot be taught through words. It requires personal experience and understanding. The same words may have different meanings and insights at different times and in different situations.
Those who are always keen to talk about investment and their own trading concepts are often not true trading masters. They may have had good luck in trading, but they are by no means consistent winners. Truly successful traders are usually cautious in their words and will not show off their success or complain about their failures in public. These experiences are personal and private matters and there is no need to show them to others.
In different segmented investment trading markets, there is a wealth of content that requires in-depth research and understanding for true value investment. Successful trading is not only about making money, but also involves a profound understanding of the market, human nature, and self-awareness.
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