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Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment

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In the field of foreign exchange investment and trading, a common psychological bias is manifested as follows: people often choose to hold on when facing losses, but are eager to exit when they obtain a small amount of profit.

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The key to overcoming this tendency lies in cultivating a strategy aiming at obtaining significant returns. This is not to encourage unrealistic fantasies, but to suggest establishing the mindset of a successful investor at the cognitive level. Short-sighted and impatient behaviors should be avoided, as these are usually the main reasons for the financial failure of foreign exchange investment traders. Many people are eager to cash in their gains as soon as they make a little profit in investment, thus missing major market opportunities that may change their fates. It is better to refrain from trading for a long time. Once trading, it is necessary to ensure substantial returns. However, this kind of patience and perseverance is extremely difficult to maintain. In the foreign exchange market, theoretical knowledge is often insufficient to fully guide practice. Only through continuous practice and accumulation of experience can foreign exchange investment traders gradually mature. If a foreign exchange investment trader fails to make expected progress within 3 to 5 years, then he may need a longer time, such as 5 to 8 years, or even 8 to 15 years, to master the core essentials of foreign exchange trading. If still unsuccessful, then it may take 15 to 20 years. As long as one does not give up, even the least talented person can master trading skills with sufficient time investment and financial support. If ultimately unsuccessful, it is likely due to insufficient effort or insufficient funds.

The foreign exchange market presents extremely high complexity, which requires investors to have a comprehensive and in-depth understanding and mastery of it.

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Just like a blind person can accurately find the items they placed by relying on memory, investors need to have a profound understanding and comprehension of every nuance of the market. In the field of foreign exchange trading, technical analysis is an indispensable and crucial part. If an investor's trading scale exceeds their own psychological tolerance range or if their mentality is not stable enough, then there is a great possibility that they will suffer losses. Capital is a solid foundation for investors' confidence. Having sufficient capital can provide investors with greater operational flexibility and help them stay calm, thereby increasing the probability of success.

In the foreign exchange market, success is not out of reach, but continuous efforts to achieve success undoubtedly pose a huge challenge.

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Under normal circumstances, success may require perseverance for as long as twenty years. However, many people, due to the pressure of life or survival, find it difficult to persevere until the end. If one has the conditions for continuous investment, it can be regarded as a lucky opportunity. In terms of foreign exchange trading, investing only a few thousand dollars is similar to making small bets in a casino, only seeking short-term pleasure. Real large investors often invest millions of dollars. To be exact, rather than thinking that short-term trading is difficult to succeed, it is more difficult for small amounts of capital to achieve success. In fact, the probability of success in gambling itself has always been very low. China has implemented strict controls on the outflow of foreign exchange. Currently, there are no legal foreign exchange trading platforms in China. From a certain perspective, investors who have a large amount of foreign exchange funds overseas do have unique advantages. Therefore, this rare opportunity should be cherished.

In essence, the grid trading strategy is based on predicting short-term market fluctuations.

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However, this prediction largely involves an element of luck because market behavior in extremely short periods usually presents randomness and disorder. Even so, some traders still conduct small transactions with large amounts of capital in the hope of pursuing so-called stable returns. But it must be noted that once a large loss occurs, it is very likely to completely offset the results of multiple small profits previously. In long-term foreign exchange investment, building positions unidirectionally in the direction of the major trend is an extremely correct application method of the grid trading strategy. Short-term foreign exchange trend trackers often suffer losses due to frequent stop-losses. Nevertheless, as long as foreign exchange investment traders can continuously participate in the market, they will eventually encounter market conditions suitable for them. Although long-term foreign exchange trend investment certainly has risks, compared with short-term foreign exchange trend trading, long-term foreign exchange trend investors usually have a higher probability of realizing profits, which is indubitably true. The fatal weakness of short-term foreign exchange trend trackers lies in using a small amount to gamble for a large amount and using high leverage, while the advantage of long-term foreign exchange trend trackers lies in using a large amount to gamble for a small amount and not using leverage. According to my experience, over time, whether filtering is performed or not, the performance of foreign exchange currency prices usually returns to the average level. In some periods, investors may obtain additional returns, while in other periods they may face losses. Therefore, it can be considered to incorporate the factor of luck into the trading strategy. For example, increase investment during major trends to expect a higher positive expected return.

Focusing on one thing throughout one's life usually leads to success. In the field of foreign exchange investment and trading, it is not difficult to persevere until success.

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Life is like a long movie that requires us to observe and comprehend from a broad perspective. Wise people will spend their entire life journey practicing this concept. In the limited process of life, being able to focus on one career and reach a proficient level is undoubtedly an outstanding achievement that is sufficient to surpass many individuals. True success is not the fame and fortune as generally defined by society, but being able to spend every day according to one's own will and beliefs. When fully devoting oneself to the cause of foreign exchange investment and trading and abandoning all psychological distractions and unnecessary social activities, the initial stage may not be smooth. However, if one is prepared to focus only on foreign exchange investment and trading for the rest of one's life, it will become relatively simple instead. If one accumulates a certain degree of wealth in foreign exchange investment and trading, one will find that people around seem to become more friendly, and one's self-confidence will also expand significantly. For those who have achieved success in their respective fields, there are usually admiring gazes around them. When a person reaps gains in both material and reputation, even if they make mistakes, they are often regarded as a manifestation of individuality. After all, no one is perfect. However, for those who lack wealth, once they make mistakes, they often only attract more criticism and censure. Therefore, making efforts to earn money is the right decision because money can solve 99% of problems. Getting along with people is indeed an art. Those who are proficient in this can deal with it calmly, while those who are not good at it may achieve the opposite result. If your personality is not suitable for interacting with people, and you happen to be engaged in the foreign exchange investment and trading business, then you should give full play to the advantage of this industry that does not require excessive interaction with people.

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If there is no guidance from mature foreign exchange investment traders, personal exploration may take more than ten years. If one is fortunate enough to receive personal guidance from foreign exchange investment trading experts, the learning process may be shortened to three years. For those with strong comprehension abilities, it may only take one year. Those who claim to be able to master the art of foreign exchange investment trading in a few months or even a few days are often deceptive. After all, money and life are extremely precious, and misleading others is actually a waste of life. Just imagine, a senior surgeon compiles all his experience into a book. A young person has only studied for a few days. Even if he can recite it backwards fluently, would you trust him to perform surgery on you? Experiments in the trading field show that even elites selected from many candidates, many of them ultimately fail to succeed. Only those who truly understand foreign exchange investment trading can understand your intention, while those who don't understand often only argue. Distinguishing right from wrong and distinguishing foreign exchange investment trading experts from ordinary people is in itself a skill. If you can do this, then there is no doubt that you have become a foreign exchange investment trading expert. If you master good foreign exchange investment trading capital management skills, you can make profits even if you enter the market randomly. Even if you are lucky enough to make money in business, there are very many things to worry about every day, and the work intensity may be greater than that of ordinary employees. Therefore, although many factory owners are only 35 years old, their appearance and physical condition are close to 50 years old. This is obviously the result of overwork. So, it was a correct choice to give up the factory and devote myself to the foreign exchange trading business.

At different stages of life, people have different feelings about happiness.

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Among them, being in a stage where there is no need to worry about three meals a day or worry about making money is often regarded as a state of happiness. For example, in childhood, parents bear all living expenses, and children can grow up carefree. Moreover, after achieving financial freedom, having sufficient funds to support family members, there is no need to rush around for money anymore. In addition, women whose husbands have strong economic strength and do not need to worry about economic affairs are also in a state of happiness. For successful foreign exchange investment traders, usually after achieving financial freedom, they no longer need to worry about the management troubles brought about by starting a business such as opening a factory or a company. At this time, they can fully devote themselves to foreign exchange investment trading and regard it as a game, leisure and entertainment activity. This not only solves the boredom that may be brought about by leisure time, but also can give full play to their professional abilities and investment wisdom. Therefore, it can be said that foreign exchange investment traders with abundant funds are largely in a state of happiness. They will not feel bored and have fulfilling things to do.

The dual strategy of combining the bottom-fishing or top-picking strategy with the carry trade strategy may become the development trend in the coming decades.

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In recent decades, central banks of various countries, considering maintaining trade advantages and currency stability, have implemented low-interest-rate and even negative-interest-rate policies, resulting in currencies remaining in a relatively narrow range of fluctuations for several years. The foreign exchange market obviously lacks trends, and even the view of "the death of trends" has emerged, which has led many currency funds to return funds to customers. In the future, the long-term foreign exchange carry trade strategy may be a relatively ideal choice. In this case, the currencies of emerging markets have to be mentioned. The reason is that only when the currency interest rates of emerging markets are relatively high can they have the attractiveness of carry trade investments. The trend trading strategy is only applicable for a few days or weeks when trends appear, because trends are extremely scarce, and long-term foreign exchange investors have abandoned the trend investment strategy. The dual strategy of combining the bottom-fishing or top-picking strategy with the carry trade strategy may become the development trend in the coming decades. About half of the total global retail investors are Japanese foreign exchange investors. Under the guidance of negative and low interest rates of the Japanese yen, they have become the biggest beneficiaries of long-term foreign exchange carry trade investments in the past two decades. At the same time, they have also broken the theory that the vast majority of foreign exchange traders are in losses.

Only investors who adhere to long-term investment strategies can embark on the correct investment path.

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In the field of foreign exchange markets, successful investors are committed to pursuing predictability. This is because only with predictability can the stability of returns be guaranteed. This predictability is specifically manifested in the strong regression trend of currency value, although the specific time of regression is difficult to determine. Therefore, investors need to follow the principle of value investing, maintain sufficient patience, and wait for the manifestation of the real value of currency. In this process, time plays a crucial role. In short-term foreign exchange trading, there is also a certain degree of predictability. That is, the current currency market trend is extremely clear, the success rate of trading in the short term is relatively high, and the possibility of making mistakes is small. For those who do not want to miss short-term high-yield opportunities, they may temporarily transform from long-term value investors to short-term speculators. However, novice investors often mistakenly believe that speculative trading can ensure a 100% success rate, and then pursue a high winning rate with all their strength. But in the end, they will realize that speculative trading has a low winning rate in essence, and investment results often have uncertainty. Only investors who adhere to long-term investment strategies can embark on the correct investment path.

For most people, they are often in a state of anxiety. However, human basic needs should be relatively easy to meet. Social opinion often intentionally creates anxiety.

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The reason is that only when individuals feel anxious will they be more inclined to keep working hard continuously. For the general public, it is essential to avoid always being in a state of tension. Learning to relax and maintaining a relaxed mindset is extremely important. Even if others think you are successful, it is not entirely due to personal ability but the result of the combined action of timing, luck, and fate. In the field of foreign exchange investment, the vast majority of beginners have serious anxiety. They lack the guidance of professionals and do not have the correct textbooks as a guide. They can only continuously obtain nutrition, knowledge, and cognition from the Internet. Moreover, foreign exchange investment belongs to a relatively niche knowledge category. Many knowledge is adapted from stock knowledge, but in fact, this knowledge is not completely applicable to foreign exchange investment transactions and may even be completely opposite. For example, stocks can be traded without leverage. If the general direction is judged correctly, even if the loss reaches 20% remaining, it is still in a relatively safe state. While foreign exchange trading platforms naturally have leverage. When the loss reaches 30% remaining, the platform will force a liquidation. Especially for Chinese foreign exchange investors, they face the problem of a lack of account opening platforms. The process of opening an account overseas for foreign exchange conversion is very cumbersome. Even if the conversion is successful, remitting funds is even more troublesome. Due to the lack of a foreign exchange investment trading ecosystem, there is neither an environment for sharing knowledge, common sense, experience, technology, etc., nor is it easy to even find peers for communication. There are certain restrictions on foreign exchange investment transactions in China, and the number of people engaged in this industry is relatively small. Of course, only after experiencing all the traps and taking all the detours can one gradually grow from a novice to an experienced person and then to an experienced expert. Only then can one completely get rid of anxiety and start a relaxed investment life, thus achieving a worry-free life for the rest of one's life. The long-awaited carefree life like a wild crane will truly come.

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