Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
Forex multi account manager | Forex investment trading requires extensive knowledge and experience: covering a series of aspects such as reading, listening, vision, and practical operations.
In the field of forex investment trading, the accumulation of experience is extremely crucial. True "extensive knowledge and experience" is not only theoretical knowledge obtained by reading books, studying materials or reading articles, but also includes indirect experience obtained through media such as hearing and vision, like audio and video. However, the real test of cognitive level lies in the ability to distinguish the authenticity of information. In the actual operation of investment trading, the accumulation of experience is through a large number of trading practices, achieving a qualitative breakthrough through the accumulation of quantity. Encountering huge losses, although painful, is also an important component of growth and learning. It helps investors build a successful investment strategy and ultimately achieve financial freedom. Especially when the market experiences unexpectedly large fluctuations, adhering to one's own trading logic and strategy is based on a deep understanding and firm confidence in past experience.
Forex multi account manager | The trading volume of forex futures and options is relatively small, and the trading of forex spot may decrease gradually in the future.
Among the trading platforms of forex brokers, the diversification of trading varieties has become a trend. New trading varieties such as stock index futures and stock contracts for difference generally have relatively low capital access thresholds and high risk coefficients, but the potential profit scale is relatively small. At the same time, other derivatives such as commodity futures are also increasingly gaining the attention and favor of investors. Nevertheless, the categories of forex futures and options are relatively few, mainly due to the dominant position of the forex spot market. The order quantity of forex futures and options is generally low, resulting in the lack of market liquidity and making the transaction difficult to be completed. In addition, the term of forex futures is usually set at three months, and the price often consolidates within this period, which to some extent limits its attractiveness to ordinary investors. For large merchants or companies, forex futures and options play a key role in hedging risks. Even if the predicted direction is deviated, these tools can also help enterprises reduce risks because their core purpose is to meet business needs rather than pursue short-term profits. Forex itself is a manifestation of national credit and can be regarded as a national-level stock. The fluctuation range of its price is limited, so the profit space is also relatively limited. Moreover, options trading is more complex, covering many ambiguous and uncontrollable concepts. This characteristic of the options market makes it more like an art, full of uncertainty and chaos, rather than just a science.
Forex multi account manager | This is an excellent era of continuous innovation in forex investment trading in terms of theory, practice, psychology, and other aspects.
Most books are actually dross. Reading is like searching for a few pieces of gold in a sand pile. Whether you can find gold depends purely on luck. In the past, theory dominated the market and knowledge meant wealth because it did not need to be put into practical application. Now, practical application leads the market. Knowledge dissemination is both fast and convenient. There is no obstacle to obtaining knowledge. Practical application is wealth, and the experience brought by practice comes faster than knowledge. The details missing in books can be obtained by watching videos. Videos have promoted the innovation of practice and made up for the deficiency of knowledge dissemination in the demonstration link. The theory of mending the short board of the barrel in the past is out of step with the current situation. The new concept is: Instead of mending the short board, it is better to bring the strengths to the extreme, focus on the advantages of the subdivided field, and thus obtain huge investment returns. Especially in investment trading, it is necessary to cultivate excellent psychological quality, gradually adapt to the large fluctuations of the account, and still be able to maintain a stable mentality even when seeing hundreds of thousands of funds flowing in the account every day. Cultivating a strong psychological quality requires going through a long time and many difficulties and obstacles. In the past, the psychological healing and self-psychological repair of investment traders after investment setbacks could only be obtained from books. The wide application of video sharing has greatly provided a large amount of investment trading psychology materials for investment traders. In the field of investment trading psychology, investors are more resilient than those in any previous era.
Forex multi account manager | When all the negative news has been released, it becomes positive; when all the positive news has been released, it becomes negative.
In the short-term trading domain of the financial market, investors often encounter the situation of "all the negative news has been released", which is usually regarded as a signal, meaning that short positions need to take profits and exit the market at this time. In contrast, "all the positive news has been released" prompts long investors to lock in profits and close positions in a timely manner. However, for long-term investors, the interpretation and application of these signals are different. Long-term investors may view "all the negative news has been released" as a good opportunity to build or increase positions, while "all the positive news has been released" becomes a time to consider going short. This difference in strategy reflects the essential difference between short-term traders and long-term investors in market analysis and trading decisions. Even if both may face the same market conditions, their trading behaviors and strategic choices may be very different. When short-term traders complete their transactions, long-term investors may be preparing to start a new investment layout.
Forex multi account manager | The 20/80 Law of Investment | Winners | Losers | Long-Term | Short-Term.
In the investment market, there is a common phenomenon that 20% of investors can achieve significant success, and this part of the successful people are often those who adopt long-term investment strategies. In contrast, 80% of investors may face losses, and most of them tend to conduct short-term transactions. Short-term trading is often compared to gambling due to its high volatility and uncertainty, while long-term investment is regarded as a more rational and planned behavior. Even if long-term investment is regarded as a kind of gambling, it is also a kind of gambling with a higher winning rate and a greater probability of success. Judging from the statistics of the back-end customers of financial market brokers such as securities, futures, and options, the proportion of long-term investors who can ultimately achieve profits is relatively high. Therefore, for those who hope to succeed in the investment market, choosing to become a long-term investor is a wiser strategy. However, this does not mean that long-term investment is risk-free. If an investor's short-term trading skills are not solid enough, even if they switch to long-term investment, they may still face significant losses. Operations such as position building, position adding in long-term investment, and partial profit-taking and partial retention of long-term positions when encountering phased resistance in the market all depend on the investor's trading skills and abilities. These skills are often cultivated and improved through the practice of short-term trading.
Forex multi account manager | Investors also need to overcome the interference of several wrong investment psychology concepts.
In the trading field, the psychological state of investors is crucial for their success. In addition to dealing with relationships with family and friends and self-psychological adjustment, investors also have to overcome wrong investment psychology theories such as the so-called "Uselessness of 10,000 Hours". This theory implies that only reaching the top three in sports competitions can be regarded as success, but this does not work in the investment field. In fact, if investors are willing to invest 10,000 hours for in-depth exploration, most of them should be able to obtain a stable source of income for life, and the successful ones will be a group rather than just a few individuals. Investors must not be blinded by the phenomenon of champions, runners-up and third-place winners in sports competitions, which may prevent them from having a basic understanding of investment success. It may take three days to understand a person, thirty days to master an investment variety, and three years to deeply understand an industry. These are all normal learning and cognitive processes, and investors should not expect quick success. The trading industry usually considers the result to be more critical than the process, but this cognition ignores a fact: the result may be fleeting, while the process is long-term. Investors should be clear that the long-term learning and practical process is the key to achieving success.
Forex multi account manager | The more you read, the greater the loss | The more training you receive, the more you lose.
In the field of financial trading, a rather common cognitive bias is the belief that extensive reading of related books and participation in numerous training courses can directly lead to successful trading. However, such a belief often leads to a paradoxical situation: the more books one reads and the more training courses one attends, the higher the probability of loss.
The reason behind this situation is that the market is filled with a vast number of books written by those who do not make a living by trading. These people rely on the sale of books for their livelihood rather than profits from trading. Therefore, the information they provide may be misleading, causing readers to be confused and perplexed when faced with numerous conflicting viewpoints.
Similarly, many providers of training courses make a living by conducting training rather than earning income from trading. Such training courses usually lack effective after-sales services, and their promotion and publicity strategies are often aimed at attracting attention and making profits rather than truly helping students master trading skills.
Whether through reading books or listening to others' opinions, true knowledge and wisdom often stem from an individual's in-depth understanding and internal digestion. A word of true teaching may stimulate thinking more than a lengthy discourse. Only when an individual can independently filter and absorb information and transform it into his own views and strategies can these theories and knowledge exert their due utility. Otherwise, no matter how others teach, it is difficult to translate into actual trading results.
Forex multi account manager | The Devil's Gift and the Devil's Rules in Foreign Exchange Investment Trading.
High leverage in forex is like the devil's gift, and the platform providers that offer high leverage in forex are like the devil giving the gift. In the forex market, high leverage trading is often regarded as a double-edged sword. It gives traders the possibility of magnifying profits, but at the same time magnifies risks. Some platform providers attract investors who are eager to make quick profits by offering high leverage trading. To a certain extent, this approach can be regarded as a temptation, similar to the legendary "devil's gift".
Forex short-term trading and ultra-short stop-loss are like the devil's rules, and the trainers who provide short-term trading training and stop-loss training are the devils who brainwash people. Furthermore, although short-term trading and ultra-short stop-loss strategies can serve as means of risk management in some cases, overly relying on these strategies may cause traders to fall into the vicious circle of excessive trading. This behavior pattern is sometimes criticized as following a "devil's rule".
Forex multi account manager | Long-term investment experts are investment experts who can skillfully handle left-side trading and right-side trading.
Entering the position on pullback is left-side trading, and entering the position on breakout is right-side trading. Unifying terms means unifying thoughts and can avoid confusion in thinking.
For small-capital traders, buying on rallies and selling on dips belong to right-side trading, while bottom-fishing and top-picking belong to left-side trading.
The left-side trading of large-capital investors is manifested as follows: When the general trend is rising, they buy when the price pulls back to the previous low area of the stage. When the general trend is falling, they sell when the price pulls back to the previous high area of the stage.
The right-side trading of large-capital investors is as follows: When the general trend is rising, after buying when the price pulls back to the previous low area of the stage, when the pullback trend stabilizes and rises again, they make a second purchase, which is a right-side purchase. When the general trend is falling, after selling when the price pulls back to the previous high area of the stage, when the pullback trend stabilizes and falls again, they make a second sale, which is a right-side sale.
Most true short-term trading experts adopt right-side trading and use breakout entry as the method.
True long-term investment experts usually use both left-side trading and right-side trading. Entering the position on pullback is used to build a low-cost position, and entering the position on breakout is used to add to the long-term position.
Forex multi account manager | Investment Psychological Defense Mechanism Activation: Knowing the Mistake but Not Admitting It, Admitting the Mistake but Not Correcting It.
In the field of forex investment, when facing losses, some investors may, based on the psychological defense mechanism, choose to exaggerate their own profit situation to maintain self-esteem and confidence. This phenomenon is particularly significant in countries such as China that attach great importance to face culture. Social pressure and face culture may lead investors to decide to hide the truth when suffering losses to avoid being regarded as unsuccessful investors. However, such actions not only cover up the true investment results but also may prevent investors from facing their own mistakes and the timing for correction. In the field of forex investment, only investors who dare to admit and correct mistakes can succeed in the long-term investment process. However, for malicious and negative critics, one can occasionally protect oneself through white lies to avoid affecting the investment.
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+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou
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