Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
In foreign exchange investment trading, the view of "profits and losses from the same source" is often difficult to hold true in practical operations.
The concept of "profits and losses from the same source" is usually less persuasive when explained with stocks as an example. However, it is relatively feasible to explain it in the field of two-way trading such as foreign exchange and futures. But even if following the principle of "profits and losses from the same source", it is impossible to ensure victory in trading. At most, only relatively limited small profits may be obtained, mainly due to the restriction of human nature. Specifically, suppose that after a buy operation, it remains in a loss state for a period of time. But if the choice was a sell operation rather than a buy operation at the beginning, then the state at this time may be profitable rather than a loss. However, in actual situations, due to the influence of human nature, people often tend to hold on when facing losses, and will quickly close their positions when making profits. Applying the reverse engineering principle of "profits and losses from the same source", the profit that can be obtained is extremely meager. This is because people find it difficult to hold positions for a long time and are difficult to resist the temptation to quickly close profitable positions after making profits. They often close profitable positions prematurely and only obtain a small amount of profit. In a loss state, people often hold on for a long time.
In conclusion, although there is a situation of "profits and losses from the same source" and reverse opening operations are carried out, it is still difficult to win in trading. The reason lies in the defect of human nature, that is, holding on when in a loss and quickly leaving when making a profit. On the contrary, the anti-human nature approach should be to leave quickly when in a loss and hold on for a long time when making a profit.
In the field of foreign exchange trading, the account opening contract of foreign exchange banks usually clearly indicates that the bank will act as the only counterparty for all customer transactions in trading.
In practice, this situation means that there is a possibility of a bet between the two parties to the transaction. In addition, it should be noted in particular that banks are not obligated to provide customers with the best price. This point is extremely important for investors participating in foreign exchange trading because it may affect the cost and return of transactions to a certain extent.
Furthermore, some foreign exchange banks have a large number of platform agents. Facing numerous agency institutions, investors need to carefully conduct self-discrimination. Different agents may have differences in service quality, transaction fees, platform stability, and other aspects. When choosing an agency institution, investors should fully understand its background, reputation, and past customer evaluations and other information in order to make a wiser decision.
In some countries, due to legal and regulatory restrictions, only banks are permitted to conduct foreign exchange business. This makes the market structure of foreign exchange trading in these countries relatively concentrated. In this situation, investors have a relatively narrow range of choices, but at the same time, they also need to be more cautious in choosing the appropriate bank for foreign exchange trading to ensure the safety of their own funds and the smooth progress of transactions.
In short, in foreign exchange trading, investors need to fully understand the terms of the account opening contract of foreign exchange banks, carefully choose platform agents, and pay attention to the foreign exchange business regulations of different countries in order to better protect their own rights and interests and achieve investment goals in the complex and changeable foreign exchange market.
In the field of foreign exchange investment trading, which is extremely challenging and full of opportunities, the phenomenon of frequent trading usually does not stem from a lack in technical aspects or insufficient experience. Its fundamental reason lies more in the incomplete understanding of the market.
Many investors, when first entering the foreign exchange market, often hold the beautiful vision of rapidly accumulating wealth and achieving financial freedom through short-term trading. However, this concept often leads to excessive trading behavior in actual operations. They mistakenly believe that frequent short-term operations can quickly capture every subtle fluctuation in the market and thus obtain high profits, but they ignore the huge risks hidden therein.
In fact, true investment wisdom is manifested in a profound understanding of the limitations of short-term trading and the unique value of long-term investment. Although short-term trading may bring certain returns in some specific situations, it is also accompanied by extremely high uncertainty and transaction costs. The short-term fluctuations of the market are often affected by many random factors and are difficult to predict accurately. In contrast, long-term investment focuses more on grasping market trends and the long-term appreciation of assets. When investors truly realize that a long-term stable investment strategy is the key to success, they will consciously reduce the trading frequency, abandon blind following and impulsive trading behaviors, and thus make wiser investment decisions.
This kind of transformation is usually not achieved overnight but is accompanied by a profound understanding and perception of the essence of trading, which is commonly known as "trading epiphany". Through this epiphany, investors can view market fluctuations from a more objective and rational perspective and are no longer influenced by short-term interests. They will recognize the complexity and uncertainty of the market and understand that investment is not a short-term gamble but a process that requires patience, wisdom, and long-term planning. When facing market fluctuations, they can stay calm, adhere to their investment principles, and avoid making wrong trading decisions due to momentary impulses. Only in this way can investors walk more steadily on the road of foreign exchange investment and achieve real wealth appreciation and financial freedom.
In foreign exchange investment trading, the role of moving averages is like a lighthouse guiding the path of life and usually has high accuracy and rationality.
When funds are on the verge of depletion, investors will deeply realize that the trend of the foreign exchange investment market has a certain objectivity and inevitability. The reason why moving averages are often considered correct is that they accurately reflect the historical trajectory of foreign exchange prices. Looking back at past trading data, it is not difficult to find that moving averages have extremely high reference value. This is because moving averages are constructed based on accurate data. However, in actual operations, moving averages are not perfect. This is the reason why moving averages seem magical during post-mortem analysis but still need to be comprehensively analyzed in combination with other factors.
A successful life trajectory is similar to a moving average in that it closely accompanies an individual's growth process. When reviewing life, one will find that all experiences, including twists and turns and setbacks in life, seem logical. These setbacks are like taking a step back before long jumping, which is for the purpose of building up momentum so as to achieve a longer jump. In foreign exchange investment trading, a pullback is also similar to taking a step back before long jumping, and its purpose is to accumulate energy to achieve a more significant price leap.
Under normal circumstances, moving averages need to be used in combination with candlestick charts to exert their maximum effectiveness in foreign exchange investment trading and provide investors with more accurate market analysis and decision-making basis.
In the foreign exchange investment trading market, investment returns should not be over-promised. Because the foreign exchange market is usually difficult to predict accurately like traditional businesses.
For example, when running a factory, if an order from a foreign customer is received and production can be completed within three months according to the established plan, then the profit can usually be estimated. However, in the field of foreign exchange investment trading, even if customers entrust us to manage their accounts, we cannot guarantee any specific earnings, because the final profitability depends on market volatility.
If the foreign exchange market remains in a sideways consolidation state, then any assertion about earnings is very likely to be proven wrong. Only those inexperienced foreign exchange investment traders who have not experienced large-scale market fluctuations will make commitments rashly. In fact, the maximum drawdown, potential earnings, and possible losses in foreign exchange investment trading all need to be evaluated according to the actual market fluctuations, and these cannot be determined in advance before foreign exchange investment trading.
At present, foreign exchange investment transactions are mainly concentrated in regions with relatively limited geographical areas such as Hong Kong, Singapore, and Switzerland.
There are multiple reasons behind this phenomenon. As a relatively special activity type in the financial field, the foreign exchange investment industry usually needs to operate under a specific environment and regulatory framework in order to achieve stable and orderly development. As a special administrative region of China, Hong Kong has a relatively independent and relatively mature financial regulatory system, which can provide a relatively suitable development space for foreign exchange investment transactions to a certain extent. Singapore and Switzerland are highly reputed globally for their highly developed financial markets, professional financial services, and strict regulatory mechanisms.
If foreign exchange investment transactions are fully liberalized in mainland China, its influence scope may be extremely extensive. On the one hand, a large amount of capital may quickly flow into the foreign exchange market, which will pose a great challenge to the stability of the financial market. Fluctuations in the foreign exchange market may be transmitted to other financial fields such as the stock market and bond market, and then have an impact on the safety of the entire financial system. On the other hand, due to the high complexity and risk of foreign exchange investment transactions, ordinary investors may blindly participate without sufficient professional knowledge and risk awareness, which may lead to huge losses of personal wealth and may even trigger social instability factors. Therefore, at the current stage, it is a more prudent choice to control foreign exchange investment transactions within a certain small range, such as in places like Hong Kong, Singapore, and Switzerland, in order to ensure financial security and the stable operation of the market.
In the current era of increasingly fierce competition in foreign exchange investment transactions, those who are practice-oriented are often more likely to succeed, while those who overemphasize theory may face defeat.
From the current background of the times, we can clearly perceive that people in the East show a high degree of attention to theory at many levels. They are keen on in-depth study of various doctrines and concepts. Whether it is ancient philosophical thought or modern scientific theory, they can conduct meticulous discussions and reflections. In sharp contrast, Westerners usually attach greater importance to practice in terms of action. They tend to obtain experience and results through actual attempts, explorations and actions.
In the field of foreign exchange investment transactions, the current competition has already reached a white-hot level. Under such circumstances, those who pay attention to practice often stand out in the fierce competition. With decisive actions, keen market insight and continuously accumulated experience in actual operations, they can make decisions quickly and seize fleeting opportunities. On the other hand, those who only focus on theory often get into difficulties in actual transactions. They may have rich theoretical knowledge, but when facing complex and changeable market conditions, they often miss good opportunities due to lack of practical operation ability and experience, and are finally eliminated in the competition.
It must be pointed out that this is also a highly meaningful era, a good era that can prompt people to deeply understand and bravely face reality. In this era, people have to re-examine their thinking modes and behavior patterns and fully realize the importance of combining theory with practice. Only by continuously testing and improving theory in practice and using theory to guide practice can we maintain an advantage in the fierce competition. Whether in the field of foreign exchange investment transactions or in other fields, we all need to adopt a more open attitude to accept practice and apply theory with a more pragmatic attitude, so as to realize our own value in this era full of challenges and opportunities.
In the field of foreign exchange investment and trading, asking questions and giving answers are of crucial significance.
Knowledge, common sense, and cognition of foreign exchange investment have significant value. The process of asking questions can be regarded as a way to obtain intellectual wealth from others, while answering is a process of sharing intellectual wealth with others. In-depth questions can reflect the depth of thinking of the questioner, and high-value answers can show the professional level of the answerer.
In China, foreign exchange investment is subject to a certain degree of restriction, and currently, a good ecosystem for foreign exchange research has not been fully formed. High-depth foreign exchange questions can reflect the questioner's professional mastery degree and level through the value content of their questions; high-value foreign exchange answers can show the professional breadth and depth of the answerer through the value content of their answers. The time of foreign exchange professionals is extremely valuable. Being able to answer questions actually provides a certain value to the questioner. Therefore, questioners should not be too harsh. Even as customer service personnel, they have salary income.
After leaving school, those who are willing to answer your questions for free are your valuable resources. If others write answers for you and help you solve your doubts, but you feel that the answerer has a condescending attitude, then you should reflect on your own heart. In fact, you may not really want to learn, but just want to compete or challenge. When asking others for advice, the questioner is indeed in a relatively weak position. This is not a negative evaluation but an objective reality. This situation may occur because the questioner himself has a certain degree of inferiority complex but is unwilling to admit it.
In the field of foreign exchange investment and trading, there are some relatively common perceptions that only specific platforms or investors with huge amounts of capital can ensure profitability.
However, this view ignores the uncertainty and risks of the foreign exchange market. Some platforms may adopt a betting model. Under this model, transactions can be executed quickly, but they may also be deliberately delayed to simulate the trading environment of the STP (Straight Through Processing) model. In fact, the foreign exchange industry usually uses both A-Book and B-Book operating models simultaneously to cover marketing costs and maintain its own competitiveness.
In this industry, if competitors attract more customers through specific methods, then other platforms are very likely to adopt similar strategies to maintain their market position. Experienced foreign exchange investment traders always recommend that people treat foreign exchange investment and trading with caution, especially for those who are not familiar with the market. Based on the years of industry experience of mature foreign exchange investment traders, the number of investors who can truly obtain long-term profits through speculative activities in the foreign exchange market is extremely limited. In addition to foreign exchange investment traders, a few people have also succeeded in gold and stock index trading. The liquidity of these markets is relatively low and the trading difficulty is relatively small.
The high liquidity of the foreign exchange market makes it an ideal choice for large-capital investors, especially for those who cannot trade in other markets. For ordinary foreign exchange investment traders, if they hope to obtain returns in the financial market, they may need to study those currency pairs with high volatility first. Take some small risks in life moderately. Otherwise, life may be uneventful.
The Forex MAM (Multi-Account Management)/PAMM (Percentage Allocation Management Module) technology provides strong support for independent traders to manage multiple accounts, enabling them to perform similar duties as large fund managers.
The rise of the Internet has brought extremely profound changes to the trading methods of independent traders and created opportunities for outstanding individuals to become large investment managers. For example, in the field of foreign exchange investment, MAM and PAMM technologies enable individual traders to manage numerous accounts efficiently. The application of this technology enables traders to deal with a large number of accounts that need to be managed independently.
Some foreign exchange trading studios may accept managed accounts with a minimum limit of only $5,000. To a certain extent, this reflects that these studios may be facing certain financial pressures. However, the existence of studios has specific value. They can provide professional trading strategies and risk management services. If profit can be truly achieved, a trader can indeed independently undertake all trading activities.
In foreign exchange investment trading, maintaining a stress-free mindset is extremely important. Trading on behalf of clients often brings additional pressure, especially when facing difficult-to-please clients. The process of choosing clients is like panning for gold in the sand. Although valuable clients may be found under unfavorable conditions, it is undoubtedly much more difficult than looking for gold in a gold mine. Personally, I tend not to accept accounts with less than $500,000. This follows the principle of “rather lack than abuse”. I would rather stay idle than cause unnecessary troubles by accepting inappropriate clients.
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+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou
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