Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
Forex multi account manager | Don't accept gifts from the truly poor, don't manage account for the wealth of the newly rich, and don't manage timid funds.
There is a phenomenon in real life: when an acquaintance in need seeks help and is genuinely poor, those with good interpersonal skills typically offer sincere assistance without expecting lavish gifts. The genuine poverty of the individual makes it difficult for people with a conscience to accept anything in return, and even those driven by greed dare not accept. If the assistance is successful, it's wonderful; if not, it could lead to complications, so it's best to help others sincerely and build positive karma.
The term to individuals who appear wealthy on the outside but are actually financially poor. Their wealth hasn't truly accumulated, and their mindset hasn't been cultivated. Even in the Western fund management sector, while account managers can assist in managing investment accounts, they may excessively intervene if there's a slight loss or significant profit decline, disrupting your trading process. This interference can lead to feelings of irritability, distraction, and anxiety, ultimately impacting your investment choices. The potential consequences may not justify the risks!
Some people make money very easily, even if they have wealth, but they are still timid about the money and afraid of losing it. Even if you are asked to manage the account, you will politely refuse, because he may be too concerned about losses and will often interfere with your investment. Timid funds will not succeed, why? Because money is courage, and timidity is due to insufficient funds. The root of the problem goes back to the fact that scarce funds will not succeed. The children of rich people, even if they can inherit the inheritance, generally will not make investment transactions, because investment transactions are likely to lose money. Since you are so rich, why not enjoy life instead of suffering? Suffering for investment transactions? Unless it is for dreams and passion, and you want to achieve extraordinary success in this field, then it is another matter.
Forex multi account manager | Investment trading psychology: If the investment is successful, it's called perseverance; if it fails, it's called stubbornness.When an investment trader is fully devoted to the field of investment trading to the extent that there is no time for socializing, eating or even sleeping, it may send a wrong signal to the outside world, acquaintances and people around, appearing overly distinctive. Even so, people's evaluations of you vary: those who admire and respect you will think this is perseverance; those who are not convinced or look down on you will consider it stubbornness. From the cognitive perspective: those with a high cognitive level show perseverance, while those with a low cognitive level are stubborn. The distinction between perseverance and stubbornness in the investment field lies in: the perseverant can accommodate any different trading methods, investment experiences and unique insights; the stubborn, however, cannot tolerate trading methods, investment experiences and unique insights other than their own. In conclusion, whether it is perseverance or stubbornness depends entirely on one's own cognition and perception. One should neither be affected by harsh words and become depressed, nor should one ignore the valuable trading experiences of others. One should be inclusive and integrate different ideas. Stones from other hills may serve to polish the jade of this one.
Forex multi account manager | Investment Trading Psychology: Even the most conservative short-term trading, to a certain extent, also shows aggressive characteristics; while the most aggressive long-term investment, when observed from a different perspective, is actually a conservative performance.
Regarding the conservatism and aggressiveness of trading methods, there are different interpretations based on different time periods and entry perspectives. The most conservative short-term trading methods, if placed in the long-term perspective, are all regarded as aggressive behaviors. The most aggressive long-term investment methods, if examined from the short-term perspective, are all considered conservative operations. For example, in the field of short-term trading, high-frequency trading, in terms of frequency, belongs to excessive trading in the field of long-term investment, except for the cases of establishing historical bottom positions and top positions. Breakout trading in short-term trading, in terms of cost, is considered risky trading in long-term investment. Similarly, the situations of establishing historical bottom positions and top positions are not included. From the perspective of long-term investment, buying historical bottom positions and top positions that occur once every few years are extremely prudent and conservative choices at the long-term investment level. However, from the perspective of short-term trading, any bottom-buying and top-buying are risky behaviors. The reason is that in their eyes, several so-called historical bottoms and tops may appear in a week. While in the eyes of long-term investors, a historical opportunity may emerge only once every few years. There are differences in short-term and long-term trading methods, mainly due to the significant differences in the time periods they refer to.
Forex multi account manager | There are some differences between industrial investment and financial investment transactions.
In terms of the number of employees, investment transactions and industries are different. If the main investment traders are experts, even if the capital scale is huge, they can handle it with ease. However, once an industry receives a huge order volume, it may need to expand the scale in terms of personnel allocation, and the operation of management personnel is also extremely complex. If there is a mistake in the industry, it may trigger mistakes in an entire reaction chain, while investment mistakes usually only require one person to bear all the troubles. No one can avoid mistakes, including investments. As long as it is not fixed income and as long as it belongs to venture capital, both large investors and small retail investors are at the same starting point. Large investors have an advantage in capital. Even if there are mistakes, they will not be down and out or in a predicament. However, once small retail investors make mistakes, the consequences may be fatal and they may even withdraw from the investment market. In addition, institutional large investors can obtain more information and have an advantage in information resources. For industries, such as factories, large companies and small companies are not on the same starting line, and large companies have obvious advantages. The closure of an industry is much more complicated than investment transactions. It is not easy for an industry to close. Complicated employee compensation processes, equipment sales, and tax liquidation may cause a lot of headaches. For investment losses, a one-click liquidation on the investment platform can settle it, straightforwardly. Admittedly, for introverted people, things like expanding personal connections in business and maintaining external interpersonal relationships are all headaches. However, in the field of investment and trading, these factors can be completely excluded.
Forex multi account manager | The difficulty level of investment transactions.
Nothing is difficult in the world. As long as you keep doing it, difficult things will become easy. If you don't do it, easy things will also become difficult. Similarly, for anyone engaged in investment transactions, it is from difficult to easy. There is only one secret: keep taking action and practicing repeatedly. Even if it is an extremely simple thing, if you don't do it, it means you are unwilling to do it mentally. Even if it is an extremely difficult thing, as long as you keep doing it and repeat it, after becoming proficient, it will also become relatively easy. If you really want to make things easy, apart from proficiency, there is only one way left, which is interest, that is, whether you want to do it or not. Life goals, life ideals, and life dreams sound easy, but they are just a matter of opening and closing your mouth. However, it is extremely difficult to actually do them. It requires decades of consistent effort and step-by-step practice until they are achieved. Ordinary people often just talk but don't act, while successful people, once they say it, they will definitely do it.
Forex multi account manager | Spread betting and Contract for Difference mainly focus on whether there is a transaction tax and the status of the counterparty.
Spread betting has developed extremely rapidly in the UK. In the UK and some other European countries, the gains from spread betting can enjoy tax-exempt treatment. Although spread betting is regulated by the Financial Services Authority in the UK, the tax authorities in the UK and these European countries regard spread betting as gambling rather than investment, thus avoiding capital gains tax and income tax. In the UK, spread betting and Contract for Difference may be intertwined on the platform, often making it difficult for investors to distinguish the subtle differences. Contract for Difference is traded through brokers or market makers, and traders face counterparty risk. Generally speaking, the trader is your betting opponent, and the trading platform is the betting platform. If the broker or market maker encounters financial problems or insolvency, it may affect the trader's position and the ability to obtain funds. Choosing a reputable and regulated broker is crucial for reducing counterparty risk. In foreign exchange platforms, people are still debating the issue of A book and B book, while Contract for Difference trading directly indicates betting, which is the direct reason why such trading is prohibited in the United States: the prohibition of online gambling. There are also more significant disadvantages: there is an accumulation of overnight spread costs. If the position is held for several years, the cost will be particularly high and is not suitable for long-term investors with large funds. Of course, there are also advantages: it is possible to short naked, which is not available on real stock trading platforms. But if you make a lot of money and the platform operator loses, the risk of default will increase because your funds are with them and you are naturally in a vulnerable position.
Forex multi account manager | Stock CFDs are not as fair as you might think, and forex margin trading is not as unfair as you might believe.
The fair operation of stock CFDs is as follows: Scenario one, for example, when I purchase a CFD of a U.S. stock of a certain company, at the time of purchase, the broker will use their own stock account to purchase the U.S. stock on the exchange, and the order will be sent directly to the exchange. Scenario two, when I purchase a CFD of a U.S. stock of a certain company, the broker will immediately take the opposite position for hedging. The reason is that among a large number of users, some go long on CFDs, and some go short on CFDs. However, the actual situation is that the broker is your counterparty, the broker platform is a betting platform, and stock CFDs are financial derivatives. The fair principle of forex margin trading lies in: When you buy or sell a currency pair, the broker will take the opposite position and send the hedging order to the global forex financial market. But in fact, many forex brokers are betting platforms. The brokers do not take the opposite position to throw the hedging orders to the global forex financial market but directly become your counterparty. Judging from a human nature perspective: As long as it is your counterparty, situations such as slippage hitting stop-losses and finding excuses to embezzle the principal are all normal manifestations of human nature because your interests are opposed and conflicting. Of course, some forex banks around the world use ECN electronic automatic matching quotations, which are theoretically relatively fair, but this cannot ensure absolute fairness either. After all, all transaction data is kept confidential and it is difficult for us to know the truth. This is the real reason why the United States strictly prohibits CFD trading and restricts forex margin trading. It will also conduct irregular spot checks on whether the platform orders of forex margin trading are indeed thrown into the forex market.
Forex multi account manager | Enhancing one's cognition does not necessarily lead to a change in fate. Only by enhancing cognition in the aspect of investment can one's fate be altered.
Ordinary people often struggle with a lack of money throughout their lives. A prevailing theory in the market suggests that as long as one enhances their cognition, they can change their fate. Everyone is a prisoner of their own thoughts, and the length of the imprisonment is determined by themselves. Thus, liberating the mind is the true liberation of oneself. If one enhances their cognition but still lacks money in life, then such cognition is inadequate. Only by possessing cognition in investment and trading and being able to earn income from the market to support the family can the issue of cognition be truly resolved. From this perspective, people need to continuously learn investment knowledge, trading common sense, investment experience, trading skills, etc., in order to reach the realm of investment cognition. The process of learning investment is not merely about transporting and collecting theories and experiences. Just imagine, constantly moving daily necessities home and filling the house – what's the use? The key lies in sorting; otherwise, it will only become more and more chaotic. Only by classifying, filtering, extracting the essence, and constantly refining the collected investment theories and trading experiences and applying them to oneself can one truly achieve financial freedom. Once financial freedom is attained, the mood becomes liberated, and cognition can be monetized.
Forex multi account manager | When operating with niche varieties in the foreign exchange market, even if encountering drawbacks and having difficulty obtaining market information, one can still avoid being disturbed.
Over the past nearly 20 years, in the global foreign exchange market, currencies have generally presented a normal state of narrow fluctuations. The mainstream currency pairs have fluctuated up and down, giving the impression that foreign exchange seems to be a paradise for short-term trading rather than an excellent variety suitable for long-term investment over several years. Especially when operating with niche varieties for long-term investment in foreign exchange for several years, once there is a large capital drawback, one will feel quite frightened. Particularly for carry trade long-term investment, one can have a good accumulated income of interest spreads every month. The currency pair is at the historical bottom or top, and both the fundamentals and the interest theory are in line. However, the currency pair is affected by other related currency pairs. Due to continuous conversions and adjustments of prices, the currency pair's price draws back. It is reluctant to close the position, and holding the position is nerve-racking. Persistence has turned into stubborn insistence. Since it is an unpopular currency pair, there are no related comments and news in the market. This has instead become a good thing, as it can avoid psychological wavering that affects the position holding. From another perspective, this is also a good thing. This is the moment to test the psychological quality of investors. As long as there are no flaws in the investment principle, one should firmly hold the position until the day when lucrative profits arrive.
Forex multi account manager | Investment has suffered a major loss and it takes some time to recover. Once the recovery is complete, you can acquire valuable experience that those who haven't gone through it precisely lack.
In daily life, people often say: "One won't turn back until hitting the south wall, won't give up until reaching the Yellow River, and won't shed tears until seeing the coffin." However, different people obtain different results. Some people suddenly understand after the hit, some become disheartened, some can never recover, and some are enlightened instead! Facing a huge loss in investment, no one will not feel sad and sorrowful. This is a normal manifestation of human nature. The recovery after the setback in investment inevitably requires a process, which is similar to the situation of a fracture in reality. Recovery definitely takes time, and the lesson learned after the fracture might be to be doubly careful in the future. When the investment setback is overcome and recovery is achieved, valuable investment experience will be gained. In investment transactions, any valuable experience comes from the verification of funds and must be experienced personally. Just like in reality, families engaged in business and trading have the opportunity to understand the hidden rules of human nature and society because they have many opportunities to experience various things, while ordinary families rarely have such opportunities. True investment trading masters don't care about the outcome of one or two transactions, and the number of transactions in the later stage is also very small. Because in the trading market, making big money truly relies on less operation rather than frequent trading throughout the day. Only by earning large profits can the final outcome be changed. Maintaining patience and waiting after entering the market, with less or even no operation, can help you earn big money, rather than frequent operation.
Forex multi account manager | Look at the moving averages horizontally and observe the candlestick chart vertically. Long-term investment focuses on moving averages, and short-term trading depends on candlestick charts.
In the technical analysis of financial markets, moving averages and candlestick charts are two core tools, corresponding to different trading strategies respectively. Moving averages are usually used to guide long-term investment decisions, while candlestick charts are more suitable for the analysis of short-term trading. Through programming skills, an in-depth reprogramming and empirical test of numerous trading indicators were conducted, and the results showed that the majority of indicators have limited effects in actual trading. Especially those auxiliary indicators that are not synchronized with the price trend, such as MACD, their practicality is even more questionable. Among numerous indicators, moving averages stand out due to their direct relation to the price. Although they may lose their guiding role when multiple moving averages are intertwined, the best strategy at this time is to wait and observe and avoid blind operations. Moving averages serve as a horizontal analysis tool, and candlestick charts act as a vertical analysis tool, complementing each other. Focusing on weekly charts and adopting weekly strategies reflects a long-term and large-capital thinking mode, which can usually avoid significant losses. Especially when leverage is not used, investors can face market fluctuations more calmly. Ultimately, an investor's vision determines the excellence of their strategy.
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+86 137 1158 0480
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