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Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management

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In forex trading, traders often find that their losses increase as they read more books. The reasons behind this phenomenon are worth considering.

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In the forex investment field, most books are written by authors who have experienced losses themselves and have not had successful trading experiences. If traders rely solely on reading these books to learn, not only will they struggle to make a profit, they may even continue to lose money. After reading numerous books, many traders gradually realize a significant flaw in trading books on the market: even if they discover this flaw, they have already wasted years of valuable time.
Even if a trader can memorize all the information in contemporary forex trading books, it's difficult to truly learn how to trade. This is because the truly important content is often not included. Most books only offer concepts but lack specific operational details, making it difficult for traders to truly master trading skills. Many traders, when they first start learning, read numerous trading books they can find, driven by initial curiosity and a strong desire to learn. However, once they delve deeper into their studies, they find that the content often doesn't align with real-world situations. Often, the theory in the books seems simple and easy to understand, but in practice, it can be difficult to put into practice. For example, a book mentions "cut losses and let profits run," but crucial details like how to cut losses, when to cut them, and how much to cut are never mentioned. Another example is "don't trade too frequently," but what exactly does frequent trading mean? How is it defined? Different traders have different trading frequencies. Some day traders trade several trades a day, while others trade for months without opening a single trade, and they all make money. This makes the definition of "frequent trading" ambiguous. For another example, many books emphasize the importance of a trading system, but with so many systems available, which one should you use? How do you determine entry and exit points? Furthermore, concepts like mindset management and controlling your emotions often contradict each other in books.
Such situations often lead traders to doubt and confusion. They began to question whether the traders who wrote the books truly understood trading, alternating between skepticism and faith. Faith came from comparing their own trading experiences, and they seemed to sense a vague guiding thread, suggesting that some of the content in the books was indeed effective. Disbelief, however, came from the fact that, despite reading every trading book they could find, they still couldn't find a truly effective method. It wasn't until they found a teacher who regularly traded that these problems were truly resolved. Looking back, I see two main reasons: First, most authors, whether modern or older, simply can't truly teach trading because they themselves don't understand it. Second, the few who truly understand trading, for various reasons, only offer concepts but lack details. Those who truly understand trading know that details are often the key to success or failure, but unfortunately, these experts don't usually write books.
This is why many people read countless trading books yet still can't make money trading. To truly learn trading, the best way is to seek direct guidance from someone who truly knows how to trade; this is the most effective method. Learning on your own is not only difficult but also prone to a cycle of confusion and losses.

In the two-way trading landscape of forex investment, a particularly significant phenomenon is the stark difference between the real and fake attitudes of forex traders regarding the topic of "making big money" in both the real world and the virtual online world.

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This discrepancy stems not from a conflicting understanding of the market among traders themselves, but rather from the different social environments, interpersonal relationships, and underlying interests in the two settings. This profoundly reflects the fundamental difference between real-life communication and online interaction in forex trading, and indirectly reveals the underlying logic behind some online information. Specifically, in two-way forex trading, when forex traders are in the real world, their descriptions of the difficulty of making money are often more realistic. This is because in the offline environment, traders primarily communicate with people they know, such as friends, family, colleagues, or industry peers with whom they have real-world interactions. They have a certain level of mutual understanding and trust, and are aware of each other's true trading background and capabilities. In this situation, if traders go against reality and exaggerate their claims of "easy money," not only do these claims contradict their own actual trading experiences but also appear unrealistic because they contradict the perceptions of those around them. Those familiar with their trading experience are aware of the ups and downs and difficulties they face. Exaggerating profits can appear hypocritical and may even lead to doubt or ridicule due to their disconnect with reality, ultimately leading to embarrassment. Therefore, based on social rationality and self-awareness, traders tend to speak candidly offline and honestly face the reality of "hard money" in trading.
When the scene shifts to the virtual world of the internet, forex traders' attitudes toward "making big money" often become blatantly false. In online environments, communication is often with strangers, lacking a foundation of real-world understanding and trust, and lacking the social constraints of real-world interactions. At this point, if traders honestly express their true feelings about the difficulty of making money, they may face negative reactions. Some online communities tend to embrace the "profit myth" and are intolerant of expressions of losses or trading difficulties. They may even equate "difficulty in making money" with "lack of ability," leading to ridicule and disdain for traders who honestly express their feelings. This online social atmosphere makes many traders reluctant to disclose their true losses or trading difficulties. Instead, they deliberately create the illusion of "easy trading profits" to gain recognition and avoid being looked down upon.
More importantly, these false portrayals of "making big money" online are clearly motivated by commercial interests. Many of those who impersonate "experienced traders" online and deliberately exaggerate the "easy money" are not ordinary traders, but rather businesses involved in forex trading. They may be sales representatives of forex brokerage platforms, promoters of fund management teams, or sales personnel of trading training teams. The core goal of these groups is to attract potential clients by creating the illusion of easy trading profits. Forex brokers hope to induce more people to open trading accounts, thereby increasing their platform's trading volume and commission income. Fund management teams attempt to demonstrate their investment prowess, attract client funds, and earn management fees or profit sharing. Trading training teams leverage this to promote courses, teaching materials, or training services, profiting from fees and other resources. For these groups, the online "trader identity" is merely a marketing tool. "Proclaiming easy profits" is a means to attract clients and facilitate transactions, rather than a true description of their own trading experiences. Essentially, they use this virtual identity to promote their business and earn commissions or service fees, rather than profiting from actual trading.
This discrepancy between real and virtual attitudes not only reflects the complexity of the information environment in forex trading but also presents cognitive challenges for ordinary traders. While authentic offline communication can help traders understand the harshness of the market, online misinformation can mislead them about trading difficulty, leading them to believe in easy profits and making irrational trading decisions or blindly engaging in various commercial services. Therefore, for forex traders, clearly distinguishing between real-world and virtual-world information, rationally viewing online claims about "making big money," and avoiding being misled by false information are crucial prerequisites for ensuring their trading safety and profitability.

In forex trading, those who enthusiastically engage in debates between technical and fundamental analysts are often mired in losses.

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This phenomenon is not accidental, as traders who truly make money in the forex market through their own skills typically don't waste time on such pointless arguments. They understand that whether using technical or fundamental analysis, the key lies in whether it can help them achieve profitability, not in obsessing over which method is superior. Therefore, successful traders often choose to maintain a low profile, quietly accumulating wealth, rather than engaging in public debates.
In contrast, traders who haven't yet found a profitable method and are still losing money often show a keen interest in such debates. They try to find clues to their problems by engaging in discussions, hoping to discover a "universal" analytical method that can free them from their losses. However, such arguments often only deepen their confusion, as the market's complexity far exceeds the scope of any single analytical method.
In forex trading, whether technical or fundamental, only when a trader truly overcomes losses, establishes a comprehensive trading system, and achieves profitability through their own methods will they understand a simple truth: the true power lies not in a single analytical method, but in the one that delivers actual profits. Whether this method is purely technical, fundamental, or a combination of both, as long as it helps traders achieve consistent profits in the market, it is worth adopting.

In the field of forex trading, a key and often overlooked point is that the high-quality trading systems built by successful forex traders are often highly unreplicable.

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This non-replicability stems not from the complexity or confidentiality of the trading system itself, but rather from a combination of factors, including the fundamental characteristics of the forex market, the personalized nature of the trading system, and individual differences among traders. Many retail traders fail to recognize this principle and blindly attempt to copy others' successful trading systems, often failing to achieve their desired results and even falling into trading difficulties.
To understand the non-replicability of trading systems, we must first acknowledge the core nature of the forex investment market: it is a living, dynamic system. It is not a fixed, mechanical model, but is constantly influenced by a variety of variables, including global macroeconomic data releases, central bank policy adjustments, geopolitical events, shifting market capital flows, and fluctuations in trader sentiment. These factors intertwine and evolve dynamically, making market trends highly uncertain and complex. In such a dynamic market environment, forex traders who attempt to use a rigid, fixed, and unchanging "dead" trading system to predict "live" market trends are essentially using a static mindset to cope with dynamic changes. Not only will they struggle to adapt to real-time market adjustments, but they may also miss opportunities or amplify risks during market fluctuations due to system lags or limitations. This is one of the underlying reasons why copying others' trading systems is difficult to succeed.
From the perspective of the boundary between replicability and non-replicability, in the two-way trading of forex investment, the only tools that traders can truly effectively copy and learn from are technical analysis theory and technical analysis indicators. This is because technical analysis theory and technical indicators are essentially summaries and quantitative representations of objective patterns in price trends, historical fluctuations, and shifts in market forces. They are universal, standardized, and objective, unaffected by individual trader subjective factors. Therefore, they transcend time and individual differences, becoming fundamental tools that all traders can learn, master, and apply. For example, the trend direction patterns reflected by moving averages and the bull-bear market signals presented by candlestick charts are all derived from the objective characteristics of price movements. Through systematic study and practice, any trader can understand their logic and apply it to analysis.
However, trading systems are distinct from technical analysis theories and indicators. They are highly individual, deeply rooted in the trader's subjective nature. Trading behavior is not simply the application of technical analysis; it is the interaction between the trader's subjective consciousness and objective market trends. A trader's emotions (such as greed in the face of profits and fear in the face of losses), temperament (such as decisiveness or hesitation in decision-making, patience or impatience in the face of volatility), and even short-term luck all directly influence their judgment of trading signals, selection of entry and exit points, and implementation of risk control, ultimately impacting trading results. It is precisely this non-replicability of subjective factors that makes trading systems tailored for specific traders difficult to adapt to others.
Many retail traders lack a clear understanding of this difference and often fall into the misconception that simply copying the rules and parameters of a master's trading system will lead to similarly successful trading. They overlook a crucial fact: any successful trading system is tailored to its creator's individual circumstances. On the one hand, such systems are tailored to the creator's core characteristics, including risk tolerance, capital size, and preferred trading cycle (e.g., day trading, swing trading, or long-term trading). For example, a conservative trader's system often uses stricter stop-loss settings, while a trader pursuing high returns may adopt more aggressive position management strategies. On the other hand, the creator of a trading system typically possesses solid technical analysis skills and sophisticated trading discipline. Their understanding of market dynamics, ability to discern signals, and awareness of risk management allow them to maximize the effectiveness of this "tool," creating a "tiger with wings."
In contrast, those who attempt to copy others' trading systems often struggle to adapt to the system's core logic or master it, due to significant differences in their own risk appetite, capital position, and technical foundation. This can lead to significant difficulties in actual operation. These difficulties may include frequent stop-losses due to a mismatch between the system's stop-loss rules and their own risk tolerance, or they may misjudge market trends due to an inability to accurately assess the market context in which system signals appear. Ultimately, these trading results deviate significantly from the system's intended profitability.
At its core, technical analysis theories and indicators are "popular." tools represent the common knowledge accumulated over the development of the forex market and serve as a foundational learning tool for all traders. Trading systems, on the other hand, are "personalized" products, formed by traders integrating common technical theories with their own unique characteristics to create a personalized operational framework. The two operate at completely different levels of cognition and application. Therefore, a personal trading system is by no means a simple translation or direct application of technical analysis theory. The two differ fundamentally in their attributes, functions, and intended applications, and should not be lumped together.
Unfortunately, many traders fail to recognize this fundamental difference and view others' personal trading systems as the "holy grail" of stable profits, dedicating considerable time and energy to copying and imitating them. However, the results are often counterproductive: a system that generates consistent profits in the hands of others becomes inefficient or even loss-making in their own hands. It's a case of "you treasure it, but it's nothing but a blade of grass in your hands." For retail traders, the most urgent task is to clarify the core direction of their learning. They must identify which knowledge and skills are worth learning and mastering, and which are difficult to replicate and should not be blindly pursued. This is to avoid the mistake of "grasping everything at once" during the learning process, wasting time and energy on learning miscellaneous and unrealistic content.
Looking back at the centuries-long development of the foreign exchange market, various personal trading systems have emerged in an endless stream, reaching a "huge number." However, the vast majority have been eliminated by the market over time, lost in the long river of history, and failed to establish sustainable dissemination value. In contrast, classic technical analysis theories (such as Dow Theory, which remains the cornerstone of trend analysis to this day) and core technical indicators (such as moving averages, which are widely used in various trading scenarios) have been passed down through the ages, becoming a crucial foundation for traders' analytical decisions. This stark contrast further demonstrates the universal value of technical analysis theories and indicators, as well as the individual limitations and replication difficulties of personal trading systems. It also provides clear guidance for retail traders on the direction of learning.

In forex trading, certain indicators are often overrated. Among them, the MACD is the most overrated indicator, followed by the RSI, and finally the KDJ.

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These indicators are independent of price action; they are presented separately from the price itself and displayed as independent charts. In contrast, indicators that directly interact with or overlay price action, such as moving averages and candlestick charts, are often more practical. They can more intuitively reflect price dynamics and provide traders with a more direct basis for decision-making.
In forex trading, the role of any indicator should be properly understood. Indicators can only identify dynamic changes within a trade; they cannot directly determine the starting and ending points of a trade. However, traders can build an understanding of both ends through analysis of the process; this is the essence of indicators and their proper use. Despite this, in the real world of forex investment, especially among successful technical teams, asset management teams, funds, and institutions, the use of indicators like MACD, RSI, and KDJ is rare. Consistently profitable traders, whether individual or large, rarely rely on these indicators.
Many documentaries about Wall Street traders also fail to show any institutional traders using these indicators. This suggests that, whether individuals or professional teams, using MACD, RSI, or KDJ indicators in trading practice is not essential. In fact, those who frequently mention these indicators are often beginners, while experienced traders rarely mention them. As trading experience accumulates, traders gradually realize that true trading wisdom lies in a deep understanding of market fundamentals and a precise grasp of price behavior, rather than an over-reliance on complex indicators.

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13711580480@139.com

+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

z.x.n@139.com

Mr. Z-X-N

China · Guangzhou

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