Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment.
Forex MAM account manager | Short-term trading doesn't require large funds. | Long-term investment does need large funds.
Short-term trading doesn't demand large funds. The act of seeking huge gains with small capital and randomly abusing leverage is actually a short-term trading concept with a gambling mindset, which is incorrect. Long-term investment requires large funds. Adhering to the viewpoint of seeking small gains with large capital and using leverage rationally or not at all is the concept of long-term investment with an investment mentality, which is correct. All great writers are penning down their own biases, and all great philosophers are constructing their own biases. The same holds true for ordinary people, who are all expressing their own cognition and biases within the limited scope of experience. Short-term traders are merely constrained by their thinking due to the limitation of funds, and thus have to adhere to the viewpoint of seeking huge gains with small capital. When they possess large funds one day, they will completely transform this gambling mentality of seeking huge gains with small capital. Why? Circumstances and status change people. Who would still engage in trading when having large funds? People with this mentality have simply never witnessed large sums of money. When having large funds for investment, it's no longer for making money, but for fulfilling dreams, achieving ambitions, and even making a name for oneself. In terms of operation methods, it's merely regarded as a game, entertainment, or hobby.
Forex MAM account manager | Attempting to acquire investment trading experience through books can be a fatal misconception and even a waste of money.
Knowledge can alter destiny, but not that of everyone. Only the destinies of a very few can be transformed. Diplomas do not have substantive effects. Reading good books is of value. Reading is merely an indirect form of learning, while practice and hands-on operation belong to direct learning. Worse still, diplomas sometimes give people a sense of accomplishment and thereby cause them to cease learning, unfortunately ending the habit of reading good books at a certain stage of life. The reason why reading good books is useful is that those who are capable of and fond of reading can change their destinies through it. However, the group of people with the talent and passion for reading is extremely rare. For those who have no love for reading, reading is simply a waste of time. Efforts might not be able to change destiny. The vast majority of people find it difficult to do so, but a very few can achieve an against-the-odds transformation, just like those who are good at and love reading. Life is a process of continuous cultivation and self-transformation. Only in this way can people gradually become mature and perfect. Forex investment traders attempting to obtain trading experience from books available on the market. Based on my personal experience of nearly 20 years, most of the forex trading books sold in China were either useless or even incorrect. Reading not only failed to help but might have been detrimental, giving people a feeling that reading was burning money or even throwing it into the sea.
Forex MAM account manager | The young traders who are employed are valued by investment institutions for their strong physiques.
The elderly self-employed traders, who invest for their own families, rely on the rich experience accumulated as they grow older | The human body begins to decline after reaching its peak in youth, yet the human mind grows throughout life and is always in a process of upward ascent. One must have a sense of growth. If one harbors the subconsciousness of continuous growth, the human mind will continue to mature and grow. If the subconsciousness believes that there is no need to grow anymore and lacks the awareness of growth, the human mind will stagnate and freeze at certain stages of life. The process of growth inevitably goes through hardships, setbacks, failures, adversities, etc., so that people can remember this process. At the same time, the process of growth will make people feel happy and learn to appreciate themselves, and then be able to experience the happiness that has never been felt before. If one cannot grow, one cannot appreciate and accept oneself, either falling into the ignorance-is-bliss type of loss and narcissism, or into the self-abandonment type of inferiority and self-loathing. When the mind grows to the realm of self-realization, there will be feelings and experiences of the peak of the mind, accompanied by the mysterious feeling of reaching the peak of happiness, which people whose minds stop growing cannot appreciate. The same is true for investment trading experience. With the increase of age, investment experience becomes richer and richer, and rich investment trading experience can be called invaluable.
Forex MAM account manager | The long-term investment trading experience of investment managers involves implementing breakout operations in trends and conducting pullback operations during consolidation.
When making breakouts in trends, the position should be relatively light. When making pullback positions during consolidation, the position can be appropriately increased. Long-term investment refers to long-term trading with positions held for several years. The key lies in having a low cost. In an uptrend: When the trend begins to pull back to the key support area, adopt batch positive pyramid-style position building. Wait for the end of the trend pullback and the resumption of the rise, and establish the moving average breakout position when the moving averages cross. When the uptrend continues to rise and the candlestick chart breaks through, establish the candlestick breakout position above the previous high. The order of position size is: Pullback support area position > Moving average breakout position > Candlestick breakout position above the previous high. In a downtrend: When the trend begins to pull back to the key resistance area, adopt batch inverted pyramid-style position building. Wait for the end of the trend pullback and the resumption of the decline, and establish the moving average breakout position when the moving averages cross. When the downtrend continues to decline and the candlestick chart breaks through, establish the candlestick breakout position below the previous low. The order of position size is: Pullback resistance area position > Moving average breakout position > Candlestick breakout position below the previous low.
Forex MAM account manager | There is the operation of position rollover and contract switch in foreign exchange futures, but this problem does not exist in the spot foreign exchange market.
Do not mistake it as a direct transfer of the opening position at the previous opening price to the new contract. Instead, you need to manually close the previous old position first, and then open a new contract position. Position rollover and contract switch, in layman's terms, means: closing the contract of the nearby month and opening the contract of the distant month. Close the futures contract of the nearby month held and simultaneously open a position of the same quantity and in the same direction of the distant month contract of the same variety. The main purpose of position rollover and contract switch is to avoid forced position closing of the contract of the nearby month, which is not conducive to long-term holding to obtain large directional profits in the long term. Regarding the positions of retail investors, 95% do not have this problem because the holding time of the vast majority of retail investors is relatively short. This is also an important reason why futures are not very suitable for retail investors but are more suitable for sovereign wealth institutions, major investment banks, major foreign exchange market makers, and large enterprises that use foreign exchange. Cost is not their primary consideration factor, while for retail investors, the primary considerations are cost, profit, and return.
Forex MAM account manager | Reasons why retail investors have difficulty succeeding in futures trading: In terms of time, the urgency of position rollover and contract switching poses a constraint.
Besides the transaction fees for opening and closing positions, the most worrying aspect is the occurrence of significant losses. Once the position is rolled over, it means the position is closed, and retail investors often find it difficult to summon the courage to re-open positions after incurring losses. There is a drawback in position rollover and contract switching, that is, the transaction cost - futures transaction fees. Investors need to first close the near-term contract and pay a transaction fee for it, then open a new long-term contract and pay another transaction fee. Futures is like a time-limited game. When the contract expires, either the position is closed or rolled over. However, all these operations come at a cost. Suppose the position is rolled over. If the price of the subsequent contract is lower than that of the current contract, the situation is still optimistic; but if the price of the subsequent contract is higher than that of the current contract, the holding cost is not only limited to the increased transaction fees but also includes the contract price difference. Because position rollover is necessary for contract switching, this reduces the possibility of holding onto losing positions until they become profitable. Once retail investors suffer losses, either their funds decrease, making it impossible to reopen positions, or they are too scared to do so. Using excessive leverage will increase the difficulty of holding onto losing positions until they become profitable. Contracts of foreign exchange futures are scarce products. Sometimes, you want to buy but cannot find sellers in the market, and there is no chance of a transaction at all. However, futures also have advantages. There is no overnight interest spread. For situations where you need to pay high overnight interest spreads for going long or short, futures can be chosen.
Forex MAM account manager | Wise investment traders should explore the advantages in investment to obtain huge returns.
Seeking the advantage of time: The longer the time, the clearer the trend. Only by holding positions for a long enough time can one gain more investment advantages and substantial profits. This is why large funds generally choose long-term investment. Therefore, large funds are never seen in short-term, ultra-short-term, and high-frequency trading, both domestically and internationally. Conclusion: Be a long-term investor, not a short-term trader. Seeking the advantage of funds: Timid funds are difficult to win, and scarce funds are even more difficult to win. Only when the scale of the position funds is large enough can substantial profits be reaped. This also explains why sovereign wealth institutions, major investment banks, and large foreign exchange market makers can be regulars on the global wealth list, precisely because their funds are extremely large. Conclusion: Be a long-term investor with large funds, not a short-term trader with small funds. Seeking the advantage of information: Only when one knows someone's information well enough can one have an in-depth understanding of them. Similarly, only when one has sufficient information can one filter out the essence from the accumulation of a large amount of information and discover an advantageous investment strategy. An investment strategy is essentially another name for rich information resources. Conclusion: Be a long-term investor with rich information resources, not a short-term trader with scarce information.
Forex MAM account manager | There is a profound connection between international foreign exchange market investment transactions and NASDAQ and ECN.
NASDAQ, namely the National Association of Securities Dealers Automated Quotations, whose full English name is National Association of Securities Dealers Automated Quotations, is an automated quotation system. In 1991, Bernard Madoff became the chairman of the NASDAQ board. He was reported in 1999, his crime was exposed in 2008, he was sentenced in 2009, and passed away in 2021. Bernard Madoff's contribution to NASDAQ was the introduction of an electronic quotation platform, abandoning the traditional manual bidding method, thus opening a new chapter of global electronic trading quotations. This measure was soon followed by foreign exchange investment, enabling global retail investors to compete on the same platform as institutional investors. In May 2003, Robert Greifeld joined NASDAQ and served as the chief executive officer. The burst of the Internet bubble in 2000 led to an 80% plunge in NASDAQ, with only a few enterprises such as Microsoft and Amazon surviving. In 2003, NASDAQ was on the verge of collapse, losing $250,000 every day. Under his leadership, NASDAQ acquired BrutECN and implemented a series of strategic measures aimed at consolidating its market position. ECN refers to the Electronic Communications Network, which is the electronic automatic matching transaction model. This model was soon borrowed by foreign exchange investment, resulting in the gradual decline of broker platforms that manually manipulate foreign exchange market prices, and only a few foreign exchange banks have an advantage globally.
Forex MAM account manager | The methods and means adopted by the central banks of sovereign countries, the world's top forex banks, large forex investment banks and large forex investment institutions in dealing with forex prices and forex earnings are different.
When the central bank of a sovereign country ensures the stability of its forex price and foreign trade advantages, it will use a huge amount of its own currency or forex to intervene in the forex market. When forex reserves are abundant, it usually does not take into account costs and earnings, but only focuses on whether the effect achieved by the intervention is close to the established goals and policies. This situation is the most serious. The world's top forex banks control the global forex price. When market liquidity dries up and there may be price vacuums and blank areas, and even threaten their entire quotation system, they may provide short-term liquidity to the market. This kind of behavior generally does not consider costs and earnings. Of course, huge earnings can usually be obtained in most cases because they can dominate the market trend, and earnings are just additional rewards and gifts. Large forex investment banks can manipulate prices to a certain extent only because they have the opportunity to undertake the processing and trading of large customers' extremely large orders, which is a matter of job convenience, that is, the advantage of the position of investment banks. Large forex investment institutions cannot access the excessive orders of large customers and therefore cannot participate in price manipulation. However, they have tools, software, rich experience and sufficient information resources, etc. They will filter, analyze, excavate and discover through these numerous factors and data, and take advantage of these investment opportunities to obtain huge profits.
Forex MAM account manager | Dealing with detours in life and detours in investment transactions, if reasonable detour predictions can be made, they can be promptly remedied.
No one wants to take detours, and no one wants to encounter setbacks. Especially since Chinese people generally have a mindset of seeking stability. Why do young people all expect to take the civil service examination and enter the system? Just because in this way can they have a stable job. They don't need to make decisions by themselves. Everything is arranged by the government, and they can have a peaceful, smooth, stable and worry-free life. After all, if not entering the system, one has to find one's own way. The detours in the life of going it alone cannot be avoided. Most of the detours in the growth process are inevitable for young people when they are young. Detours in investment mostly manifest when there are losses. Recognizing it, admitting it, accepting it, and letting it go can help one get out of the psychological predicament, transform the detours into experiences of the straight path, and turn losses into guidance for profits. The maximum limit of setbacks experienced by successful investment traders can serve as a historical coordinate to refer to the tolerance level when encountering extreme setbacks in the future. It can be roughly predicted and contingency plans can be made in advance. Understanding this principle, even if encountering setbacks, one can quickly recover. If one doesn't understand this principle, one might suffer setbacks for a longer period.
My office is near CHINA IMPORT AND EXPORT FAIR | Visit Office
Office is 2 stops away from CHINA IMPORT AND EXPORT FAIR
Office is 3km away from CHINA IMPORT AND EXPORT FAIR
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou
Visit appointment 2 weeks in advance!
Scan Whatsapp contact me
Scan Wechat contact me