Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
MAM (Multi-Account Manager) investment experience sharing: It is rare to be confused with others, and it is best to keep things simple with yourself.
It is rare to feel confused; stay clear-headed first and then decide to be confused. In this moment, confusion becomes a choice. To preserve peace, you opt to feign confusion, rather than truly being confused. Inner clarity represents a superior level of wisdom.
The best approach is simple: start with complexity and then simplify. Initially, clarify all aspects of the subdivided field. Simplicity, at this stage, involves removing unnecessary complexities, focusing on wisdom and experience, rather than being ignorant.
In the process of investment and trading, when interacting with others, especially those who are not familiar with trading, maintaining a confused attitude may be the best choice. Pretending to be confused or acting as if you do not understand can help reduce unnecessary troubles.
In the process of investment and trading, it is particularly important to manage your relationship with yourself, especially when facing indecision. The best approach is to keep it simple, concise, and straightforward, eliminating the need for overthinking. This simplicity is often the optimal choice.
MAM (Multi-Account Manager) can determine at a glance: Is it a novice or an experienced trader? Is it a short-term or long-term trader?
If you are still entangled in the analysis of the details of the hourly chart, you are a short-term novice. If you look at the direction of the moving average of the weekly chart to build a position, you are a long-term old investor. If you still argue with others about the details of the trading, you are a novice. If you no longer talk about investment tradings with others, let alone argue, you are an investment old investor. In an uptrend: if you build a position during a retracement adjustment and below the average trend line, then it is a long-term thinking position building: focusing on low cost. If you build a position during a trend breakout and above the average trend line, then it is a short-term thinking position building: focusing on quick profit. In a downtrend: if you build a position during a retracement adjustment and above the average trend line, then it is a long-term thinking position building: focusing on low cost. If you build a position during a trend breakout and below the average trend line, then it is a short-term thinking position building: focusing on quick profit. Whether you are thinking short-term or long-term, you must clearly understand what you are doing. Are you investing long-term? Are you trading short-term? The positioning must be clear. Only when you know what you are doing, you will not be afraid, panic, or confused. Everything is under control.
Novice traders, novice investors, short-term traders, long-term investors? Mature small-capital traders don’t need to envy new big-capital investors too much.
Traders tend to be short-term traders, while investors tend to be long-term investors. Those who are keen on studying trading news, trading systems, trading strategies, chart patterns, trading indicators, and trading signals are likely to be novice traders. Generally speaking, investors with limited capital are more inclined to short-term or ultra-short-term trading due to their financial constraints. Conversely, even novice investors with substantial capital may initially engage in short-term trading, but their large capital base naturally steers them towards long-term investments. The scale of their capital necessitates a shift in mindset to align with the long-term investment requirements of significant funds, ultimately establishing themselves as major investors and long-term players.
Once experienced small-scale traders acquire the substantial capital needed for trading, they swiftly transition into major investors and long-term players. This transition may occur through inheriting a significant inheritance, occur through finding big shareholders or big investors, or even a stroke of luck. Comparatively, major investors tend to encounter such opportunities earlier. They might have amassed considerable wealth through their industry expertise, transitioning from successful industrial entrepreneurs to financial investors.
Of course, experienced small-scale traders need not envy new major investors excessively. Despite the latter's substantial funds, they are still novices in the investment realm and lack investment expertise, whereas you possess a mature investment skill set.
MAM (Multi-Account Manager) Perspective: The majority of investors typically lack common sense trading education and long-term investment knowledge. They tend to get caught up in short-term speculation, competing against each other, and ultimately facing collective losses.
If you use short-term thinking to build a position, then the position you build must be short-term. Your starting point and goal are to pursue small profits and stop in time, implementing a stop loss once there is a small loss. The stop loss position under short-term position building thinking is usually set near the entry point, and stop loss is a high-probability event. Conversely, if you use long-term thinking to build a position, then the position you build must be long-term. Your starting point and goal are to accumulate substantial profits and then close the position to make a profit. Even if you incur a small loss, you will persist in holding the position until it stabilizes. The stop loss position under long-term position building thinking is usually set at a farther position. If you do not use leverage, you may even choose not to set a stop loss. There is almost no risk of a margin call when building a position without leverage. The investment market adheres to the 80/20 rule. Approximately 20% of the profit earners are large funds that adopt long-term investment strategies. Even small capital investors have a high chance of success if they use leverage judiciously and maintain long-term positions. 80% of the losers are short-term traders with limited capital. High-frequency trading leads to significant frictional losses, and high costs can negate short-term profits, making it challenging to achieve long-term gains. Even for traders with substantial capital, if they consistently engage in short-term trading, use high leverage, and quickly enter and exit short-term positions, they are likely to incur losses. Long-term investment thinking and the practice of holding positions for the long term are essential. Short-term trading and ultra-short-term speculation are discouraged in investment endeavors.
MAM multi-account manager's point of view: Comprehensive factors such as capital scale, technical proficiency, experience accumulation, and psychological tolerance determine your position in investment, whether you are a long-term investor or a short-term trader.
For investors with a large capital scale, forcing them to engage in intraday trading or ultra-short trading is not feasible. The reason is simple: significant investors do not engage in high-frequency trading as it is not profitable or necessary for them to take risks for minimal gains. Conversely, for investors with a small capital scale, compelling them to make long-term investments for months or years is impractical. The reason is also simple: just like many women cannot wait until the man they like has money and marry others, traders with limited capital rely on trading income to sustain their livelihoods. They face time constraints and financial obligations that do not allow for long-term investments. However, the reality is that anxious and impatient investors struggle to succeed. Limited funds, scarcity of resources, and inadequate capital are the primary obstacles in investment tradings. Achieving a calm and composed trading environment is challenging without the necessary conditions. This is why short-term traders often face difficulties in sustaining themselves through trading. They encounter losses at the onset of tradings and operate under unfavorable conditions, hindering the creation of a conducive trading atmosphere and investment environment.
Investors' anxiety stems from their need to master technology, psychology, capital scale, and more, in order to realize their investment dreams.
They can't sleep when they have something on their mind, and they sleep well when they have nothing on their mind. This is the commonality of almost all human beings - anxiety. The vast majority of ordinary people have no financial security, and the pressure of survival is very high. They lack a sense of security. To put it bluntly, they are still short of money and dare not stop. Especially freelancers, who do not have a fixed income, will feel a strong fear and uneasiness about the unknown and uncertainty. Coupled with the comparison with the people around them, they will feel a greater gap and a sense of loss. Only by not daring to rest and continuing to work hard can we eliminate this fear and panic of the unknown and uncertainty. But from another perspective, all good luck is accompanied by anxiety. People will work hard, pursue, and struggle to achieve financial freedom only when they are anxious. If you are poor, you must change, and if you change, you will be able to get through, and if you get through, you will last long.
The anxiety experienced by investment traders often stems from a lack of comprehensive research on trading technology. Upon thorough examination of trading technology, it becomes apparent that trading psychology has not been deeply explored, leading to new anxieties. Further exploration into trading psychology reveals that the fund size may be insufficient to support the transition from small trading aspirations to larger investment goals, triggering additional concerns. Even with a slight increase in fund size, the realization of life's limitations and brevity becomes apparent. Despite the expansion of funds, the journey towards achieving success in the investment realm remains arduous, requiring individuals to set aside thoughts of fame and fortune, thereby intensifying their anxiety.
As a long-term investor, it is crucial to maintain a clear mind. Anxiety is an unavoidable aspect of long-term investments. Only by investing while enduring anxiety can you persevere. Consider the scenario where a significant portion of your long-term investment undergoes a sudden decline; hundreds of thousands of dollars could vanish within days. I am convinced that no one can remain calm, regardless of how comfortable their chair or how soft their bed is.
Forex multi account manager experiences sharing | Investors should be familiar with a niche that can bring monetary returns, rather than emotions and dreams.
Ordinary people can support their families as long as they are familiar with and proficient in a niche, such as unlocking locks and mending clothes. Niche, translated into Chinese as "niche", such as the Buddhist niche, is the small wooden house for Buddha. Simply put, niche means small grid.
The professional world is like a vast grid, comprised of countless niches. People's energy is finite, making it impossible to excel in every area. To make a living, one must specialize in a particular field, master its knowledge, and become an expert. It is important to acknowledge that in certain fields, even expertise may not guarantee success. Life presents numerous examples of this reality.
The investment field also needs to address this issue. In the realm of foreign exchange investment, it can be primarily categorized into niches such as foreign exchange spot, foreign exchange futures, and foreign exchange options. For regular investors, it is not essential to comprehend all these niches thoroughly. For instance, investment strategies like foreign exchange futures and foreign exchange options demand substantial funds and adhere to strict delivery time constraints. Ordinary investors typically lack the necessary funds and conditions to maintain positions for long-term investments.
In the sub-segment of foreign exchange spot, high interest rates can be used for long-term investment to increase interest rate. It is common in the market to hold positions for several years and get huge returns of millions of yuan. However, foreign exchange futures do not have this function. Not only is the time rush, but there are also restrictions on delivery dates. There are handling fees for opening and closing positions, but there is no overnight interest rate spread as a value-added mechanism.
Take a look at it. Forex futures and foreign exchange spot investments, along with their secrets and trading tips, can be very complex and challenging to comprehend. However, if you focus on mastering a smaller sub-segment, such as foreign exchange spot, and become a leading expert in that specific area, then life can be fulfilling. What more could you ask for? It is sufficient!
Forex MAM manager make a fair confession to American citizens: Forex investment trading is not equitable for them.
There are very few forex brokers in the United States, which limits the choices for American investors, creating an unfair situation. The US trading system follows the first-in-first-out principle. American investors cannot open transactions in two directions simultaneously. They are restricted to either buying or selling and are unable to utilize hedging technology. This puts investors who excel in hedging technology at a disadvantage. Moreover, the US profit tax rate is 37%. If an investor earns $1 million, they must pay $370,000 in profit tax. In comparison to countries or regions with zero profit tax, investors would earn $370,000 less. Some highly skilled American investors opt to open accounts with non-US forex brokers to avoid taxes. While the account opening process may be relatively lenient, when these investors make hundreds of thousands of dollars, forex brokers often decline profit withdrawal services citing the investors' US citizenship. Consequently, investors see their profits vanish, wasting several years of investment.
Why does the United States not allow global non-US forex brokers to accept US customers?
Some industry insiders suggest that this measure is aimed at ensuring the smooth operation of US foreign exchange futures and foreign exchange options, maintaining stable trading volumes, and securing substantial handling fees. Alternatively, it may be intended to ensure that investors pay a 37% profit tax. The US government's rationale for this action is to safeguard American citizens from fraudulent activities.
Forex MAM manager sharing the difference between investing and trading | frying, playing, trading, and investment - the names may differ, but the underlying cognition varies even more.
People say that in investment and trading, time is key, and mentality is even more important. Use frying to understand time, and use playing to understand mentality. Stir-fry, in English, means to stir and fry, giving people a dynamic visual. If someone asks you about your profession and you mention investing in foreign exchange, others might promptly correct you and say you are frying in foreign exchange. At that moment, you might feel uneasy because you typically hold positions for several years. How can you lightly replace the word frying? It feels like being erased, despised, and insulted. In trading, some people use the term transaction, which translates to a momentary process. Many people use trading, which may be more appropriate represents continuity, but trading itself is a noun, not a gerund formed by trade plus.
From the perspective of investment psychology, short-term, small-capital investors and long-term, large-capital investors are engaged in two distinct tradings. However, people have not thoroughly analyzed and explored the nuanced differences. Trading fundamentally differs from investment. When short-term, small-capital investors engage in trading, their underlying objective is to quickly enter and exit to generate substantial profits, often within a few days or even shorter. On the other hand, when long-term, large-capital investors discuss trading, their underlying aim is to maximize profits by gradually entering and exiting positions, with the time frame potentially spanning several years. Despite both scenarios involving trading, the subconscious cycles and timeframes are markedly disparate.
Take the phrase "buy and hold for the long term" for analysis. Buying is just a trading action, and holding for several years is an investment. Trading is just one of the countless series of actions in the investment process.
Whether in China or abroad, full-time investment traders are not valued in social status because they are often seen as adventurers, and this image is frequently associated with street thugs.
For the vast majority of traders, trading is simply a means of earning a living, aiming to live slightly better than the average person. There is no need to pursue social status, as doing so may contradict the original intention.
Some investment and trading companies in the United States have declared that they will not recruit individuals with a doctorate degree. The underlying reason for this decision is that full-time investment traders lack social status. Trading is perceived as an adventurous pursuit, often associated with a negative image akin to street thugs. Individuals with a doctorate may feel that this image does not align with their academic background. As a result, those with a doctorate degree are more inclined to pursue careers in academia or government agencies to uphold their desired image and persona. This aspect holds significant importance for them, surpassing any other accolades in life.
Chinese tradition emphasizes that being good at learning leads to becoming a scholar. Even if one works as a civil servant in a township or street, earning 3,000 yuan a month is considered a respectable job. On the other hand, being a free investor, even with a monthly income of 300,000 yuan, is viewed as being unsettled. This reflects the common belief that stability is paramount. It is perhaps not surprising that China's investment environment has left many investors at a loss, tarnishing its overall image. If the market index had been consistently rising like in the United States for decades, with most investors being long-term holders who profit, the perception might be different. However, in the current scenario, most individuals struggle to make profits in investments and trading, leading to widespread skepticism towards this industry.
In addition, most people in society have limited knowledge about the financial market. Investment concepts such as foreign exchange, futures, and stocks are unclear to them, and there is a lack of systematic investment education and training. Their understanding and perception of investment and trading are akin to the level of understanding gamblers have about gambling. Due to this lack of understanding, they tend to underestimate these investment tools. Even if they have some knowledge, they do not delve deep into studying them, leading to their investment proficiency falling behind the international standard, creating a significant gap.
Of course, from another perspective, looking down on it because you don't understand it, there is also a good side. Not being targeted by heavyweights as a money laundering tool or a money-making tool. Some funds can be fatal if you accept them. If you are famous, you can’t refuse them. Another benefit is that you can hide your assets. Think about it, if you have a $50 million factory, you will cause a lot of trouble and can’t close it. If you have a $50 million investment account, no one knows your details except your account customer service manager. If there is a good opportunity, invest in it. If there is no good opportunity, rest, relax, and have fun. At this point in life, what else can you ask for? It’s enough!
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