Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
In the field of foreign exchange investment and trading, many investors have spent a lot of time honing their trading skills. However, in the end, they are surprised to find that they have returned to the starting point.
The strategy used is still the initial strategy, and the concept is basically the same as it was at the beginning. Only the mentality has changed from the initial uneasiness to the current calmness, and from the original uncertainty to the current firmness and decisiveness. In fact, those foreign exchange trading strategies that can help achieve financial freedom are all public. Anyone with normal intelligence can learn them in a relatively short period of time and does not need any special talents. However, traders' excessive attention to the precise timing of entry is actually a trap. Many people spend a lot of time looking for the perfect entry point. Once there is a loss, they try to optimize the strategy. However, the entry timing is not a key factor. What is really important is the reasonable use of leverage, the scientific layout of positions, and the appropriate timing of exit.
Pursuing the perfect entry point is undoubtedly a trap, because even if you enter randomly, as long as the strategy is proper, you can also achieve long-term stable profits. Many people think that trading is an extremely arduous job. Most people ignore their own health due to long hours of staring at the market, but this is actually an ineffective act of toil. It may take dozens of days in the process of strategy selection, filtering, and screening. Once the layout is completed, no more time will be continuously invested for attention.
In the field of foreign exchange investment and trading, novice foreign exchange investors often lack sufficient attention to the stable returns brought by long-term investment.
They tend to pursue high returns in the short term. For example, they expect to double their capital ten times within a year. However, they often overlook the important significance of long-term position holding and frequently conduct trading operations, which makes it difficult for the final returns to reach the expected level. In fact, the core essence of investment lies in maintaining patience and achieving long-term stable growth.
Mature foreign exchange investors highly recognize the ease and stability characteristics of long-term investment. Long-term investment is suitable for the operation of large-scale funds. For small investors, such returns may be less attractive, mainly due to limited principal and relatively less corresponding returns. But for foreign exchange investors with larger principal, a 10% annual return is quite considerable. It can not only exceed the inflation rate but also meet daily living needs.
The foreign exchange investment and trading market, due to its leverage effect and two-way tradability, provides an opportunity for rapid growth of small amounts of funds. However, excessive pursuit of speed often leads to frequent trading, which is actually the fastest way to damage an account. The essence of foreign exchange investment and trading is to obtain profits by taking advantage of the fluctuations in the foreign exchange investment and trading market. If there is no fluctuation in the foreign exchange investment and trading market, then no matter how many transactions are conducted, returns cannot be achieved. The correct strategy should be to patiently wait for opportunities instead of conducting frequent transactions when there are no opportunities to avoid causing losses.
Even if foreign exchange investors can stand out, for those who plan to take foreign exchange investment and trading as a lifelong career, there is no need to be impatient. Foreign exchange investment and trading is a relatively stable profession. Many foreign exchange investment trading masters are still active in the investment field even when they are advanced in age. In terms of the accumulation of wealth in foreign exchange investment and trading, from a small perspective, it is enough to support family livelihood; from a large perspective, it can even accumulate huge wealth.
Therefore, we should slow down and not be impatient. Many people have the dream of achieving financial freedom and living a leisurely life through trading, but this should be the natural result of the accumulation of foreign exchange investment and trading skills and experience, rather than blind risk-taking. For small amounts of funds in foreign exchange investment and trading, an annualized return rate of 100% is feasible; while for large amounts of funds, 20% is already a relatively high target. Setting a reasonable goal is the first step towards success. An unreasonable goal is even worse than having no goal. In nature, organisms that move too fast often have shorter lifespans, while those that are at ease can live longer.
In conclusion, foreign exchange investment and trading require patience and wisdom rather than blindly pursuing speed and short-term returns.
In the field of foreign exchange investment and trading, which is both challenging and full of opportunities, the key element of success is by no means extraordinary talent, but rather a profound and accurate understanding of the complex and volatile foreign exchange investment and trading market.
Once investors truly understand the internal operating mechanism of the foreign exchange investment and trading market, achieving profitability is no longer a distant fantasy, but has practical feasibility. However, it needs to be clearly pointed out that even so, the specific magnitude of profitability varies from person to person due to individual differences, and it depends on many factors such as the investor's capital scale, risk tolerance, and degree of decisiveness in decision-making.
If investors can set stricter requirements for themselves and maintain a high degree of self-discipline and concentration at all times, then the situation of being alone and dejected, and falling into endless regret and pain after suffering failure in foreign exchange investment and trading will never occur. If investors have enough courage and determination to resolutely abandon those dazzling complex charts and obscure technical terms, and even set aside all books on technical analysis of foreign exchange investment and trading and no longer be bound by them, then perhaps they can successfully break free from the painful abyss of losses and instead immerse themselves in the joy of reaping wealth and counting money.
Do not waste precious time desperately searching for the seemingly mysterious laws of the foreign exchange investment and trading market, because countless practices have already proven that this is often futile. On the stage of foreign exchange investment and trading, many retail investors are keen to use special entry patterns, hoping to obtain substantial profits. However, once experienced foreign exchange investment and trading experts know this situation, they are very likely to adopt a strategy opposite to that of retail investors. In this case, they may have a greater chance of winning.
In fact, the basic principle of making money in the foreign exchange investment and trading market is far from as esoteric and complex as people imagine. It neither simply depends on fundamental analysis, that is, judging market trends by studying macroeconomic data, political situations, industry development trends and other factors; nor does it only rely on technical analysis and use various charts, indicators and models to predict price fluctuations. The essence of making money in the foreign exchange investment and trading market is actually very dull and simple. It depends more on the investor's mentality, discipline and risk management ability. Only those investors who can always maintain calmness, rationality and patience are likely to stand out in this market full of risks and opportunities and achieve long-term stable profits.
In the field of foreign exchange investment and trading, the decision-making and timing selection of foreign exchange investors are very likely to have a profound impact on their wealth status.
In the fluctuations of the foreign exchange investment and trading market, the end of a foreign exchange investor's trading career is not always caused by the exhaustion of capital or the heavy pressure of debt. Sometimes, it is only because a major growth opportunity is missed, and they choose to exit when only a meager profit is obtained. The development of life is often determined by several key turning points, and different choices will lead to completely different results. Some opportunities may never appear again once missed. In fact, the wealth accumulation of many people is often concentrated in a few short periods.
The concept of foreign exchange investors pursuing stable monthly income is essentially a typical employee mentality, expecting to obtain a fixed monthly income. However, if you have entrepreneurial experience, you will understand that most of the profits of many enterprises are realized in several key months of a year. This thinking is also applicable in the field of foreign exchange investment and trading. The essence of trading is to obtain profits by taking advantage of market fluctuations. If the market lacks fluctuations for a certain period of time, it is reasonable that no profit can be obtained.
If the trading strategy of foreign exchange investors is based on obtaining small profits every day or in each transaction, then this strategy is bound to be difficult to bring long-term success, and its trading perspective belongs to a short-term strategy. The essence of the foreign exchange investment and trading market is fluctuations. If you set an unrealistic and stable profit goal for yourself, you are likely to fall into endless self-blame and regret.
In foreign exchange investment and trading, success depends to a large extent on the foreign exchange investment and trading market environment and luck, rather than relying solely on foreign exchange investment and trading skills. Sometimes, the random operations of novice investors can double their funds within half a year, while experienced traders only obtain a 20% return during the same period through frequent trading. This shows that luck is sometimes more important than skills.
When you step into the foreign exchange investment and trading market, you have already become an entrepreneur. You need to abandon the traditional employee thinking mode and give up the persistent pursuit of stability. Only in this way can you go further. In this market, the most important thing is to ensure your own survival. As long as you survive, there will always be new opportunities. And when a major opportunity comes, you must firmly grasp it to avoid losing big because of small things. Although such opportunities are not many, once grasped, it may make you not have to worry about life for several years, and it is even possible to achieve financial freedom at one time and ensure a comfortable life for the rest of your life.
Even if the initial capital is relatively limited, there is still the possibility of achieving the goal of making a living through intraday foreign exchange investment.
The key lies in that intraday foreign exchange investors must ensure that the income obtained from the market can support their living expenses. To achieve the purpose of making a living through intraday foreign exchange investment, the selection of trading time periods is of crucial importance. Intraday foreign exchange investment has leverage effect and low transaction fees, which is its natural advantage. However, for many intraday foreign exchange investors, this is indeed a severe challenge. Use small capital to obtain large returns and keep profitable transactions going instead of setting a fixed profit-loss ratio, because it is difficult to achieve the goal in that way. Conducting only one transaction per day is a rule that must be followed. Set a very small stop-loss point and give up unfavorable trading opportunities. Abandon the strategy of pursuing a high winning rate and be clear that you are not the master of the market. A 30% success rate is already a relatively good trading system, which means that there may be consecutive losses dozens of times in extreme cases. If you can remain calm after suffering consecutive losses dozens of times, it indicates that you are fully prepared. To take a step back, even if there are ten consecutive losses according to the strategy, the loss will not be too large. In the initial stage, expenses should be saved. After one or two months, more trading positions can be added. After one year of persistence, when more trading positions can be added, the monthly income will increase and may even exceed 95% of Chinese people. As for whether to turn to long-term foreign exchange investment transactions after the scale of funds expands, that is a question that needs to be carefully considered in the future.
In the field of foreign exchange investment and trading, the truth is often obscured by interests. The foreign exchange investment and trading market also follows the law of the survival of the fittest.
In this seemingly fair arena, small investors are usually at a disadvantage because they lack the ability to manipulate the market. If small investors want to survive in this highly competitive field of foreign exchange investment and trading, they need to clearly define their role, that is, they are at a lower level of the food chain, like the prey, while those large funds are like lurking advanced predators. Predators will set various traps to lure small investors into them.
However, technical analysis of foreign exchange investment and trading has limitations. It is a self-enclosed system. Once investors are deeply trapped in it, it is extremely difficult to get out. Although some profits may be obtained in the short term, in the long run, these profits are often difficult to sustain and may even suffer more losses in the end. The laws of the foreign exchange investment and trading market seem clear, but if operations are carried out according to certain specific rules, such as going long above the moving average and going short below the moving average, it may eventually lead to continuous losses.
Just as casinos will conduct trainings to teach players how to bet, the foreign exchange investment and trading market will also teach investors how to trade. But these teachings are often not aimed at helping investors make money, but to prompt them to continue participating in this game. The market will occasionally let investors taste a little sweetness to maintain their interest. However, in the end, most people will find that their profits are just a flash in the pan.
Foreign exchange investment traders often mistakenly think that their skills are not sophisticated enough, so they continue to study hard, but they don't know that they have already fallen into an inescapable cycle. The real problem is not at the technical level of foreign exchange investment and trading, but in their thinking mode as being at the lower level of the food chain. Only by changing the way of thinking can this cycle be broken.
Nevertheless, small investors in foreign exchange investment and trading are not without opportunities. Through long-term carry trade investment, they can avoid being affected by the strategies of market predators. Although this method may take a long time and the returns are relatively limited.
To change the fate of losses, foreign exchange investment traders must jump out of this cycle and not easily believe the common remarks in the market. Because behind these remarks, there is often the drive of interests. In the face of interests, the truth is often ignored. Although mature foreign exchange investment traders will not reveal their secrets of making money, they can point out some common mistakes and traps in trading to help new foreign exchange investment traders avoid detours, and this is the source of the sense of accomplishment of foreign exchange investment trading masters.
From a theoretical perspective, short-term trading seems to present the possibility of quickly obtaining profits. However, at the practical operation level, long-term investment usually brings more stable returns.
In short, if one can accurately capture the major trend market every day, then the theoretical profit amount will be extremely considerable. In a two-way market with leverage available for trading, the theoretical profit potential is even more astonishing because it can conduct countless transactions within the same day.
However, in reality, there are indeed some high-frequency trading systems that have achieved great success through short-term trading. These systems rely on expensive equipment and nearly cost-free transactions, and realize profits by taking advantage of the tiny time difference in data transmission. The number of transactions per day can even reach hundreds of thousands.
Most investors hold a pragmatic attitude towards this situation. They will not look forward to those unrealistic high returns. They only expect to obtain stable profits to maintain family life. But in fact, this expectation is often difficult to achieve. The volatility of short-term trading is difficult to predict, and no one can ensure a 100% success rate. Even if the success rate is not 100%, transaction costs and frequent trading behaviors will also lead to negative returns.
Therefore, if there is no advantage in transaction costs, short-term trading is not a wise move. In addition, controlling losses is a necessary measure, but it should not limit profit opportunities. There is a common misconception that making a little progress every day can lead to a huge transformation after a year. This situation is also very common in the trading field. For example, earning 1% every day can lead to financial freedom after a year. But these are just unrealistic fantasies.
Those investment trading masters in history were able to accumulate wealth because they firmly grasped the major trend and added positions when making profits. If the position-adding technique is not proficient or they don't know when to exit in time, they may lose all their original profits.
Many people are keen on short-term trading mainly because it can quickly bring floating profits. Profits can be seen immediately after selling, and if not sold, the floating profits are likely to disappear or even turn into losses. In addition, full-time traders sometimes have to choose short-term trading in order to make a living.
Now, you should understand why many successful investors choose long-term trading. This is not only because their capital scale is large, but also because long-term trading can indeed bring more stable returns. When you give up short-term trading, your success probability will be significantly increased, exceeding 80% of short-term traders in the market. In this way, you can not only get rid of the pressure brought by frequent trading, but also achieve true financial freedom.
Running a small enterprise with an asset scale of tens of millions, after a year of hard work, its net profit usually fluctuates only around 10%. However, in the field of foreign exchange investment and trading, there are indeed people who can easily obtain a return of more than 20% in just a few days.
Although some people think that the success rate of foreign exchange investment and trading is low, in fact, the success rate of starting a business is even lower. According to statistical data, half of new enterprises face the risk of bankruptcy in the first year after their establishment, and more than 80% of start-up companies will declare bankruptcy within three years. For the general public, business start-up choices are often limited to low-profit and labor-intensive industries such as catering, advertising agency or intermediary services.
The road of starting a business is by no means smooth. It is often described as "the success of one general is built on the corpses of ten thousand soldiers", because most people only see the dazzling light of a few successful entrepreneurs. Those industries with huge profits are almost all controlled by large capitals, and ordinary people have almost no chance in these fields. The foreign exchange investment and trading market may be one of the few fields where ordinary people can still make a difference.
Some people issue warnings, claiming that foreign exchange investment and trading may lead to the loss of all one's possessions. But in fact, the risk of starting a business is greater. Few people will borrow money to engage in foreign exchange investment and trading, and what they lose is nothing more than their own principal. When the situation in the foreign exchange investment and trading market is unfavorable, they can choose to cut losses in time, and there is no delisting risk for foreign exchange currencies at all. Many investors may even have the opportunity to recover their costs or make a profit when waiting for the next round of foreign exchange investment and trading trends. However, starting a business is completely different. As an entrepreneur, once the company goes bankrupt, you may lose everything, while your employees can easily find new job opportunities. If you cannot pay wages, those employees who once obeyed you in everything may even sue you.
If someone tells you not to engage in foreign exchange investment and trading at all because it is impossible to make money, then he is very likely a loser himself, but his starting point may be good. A person with only a few thousand yuan in monthly income finds it hard to believe that someone can earn 100,000 yuan a month. A person who has failed in starting a business may suspect that all stories of successful entrepreneurship are fictional. A person who has suffered losses in foreign exchange investment and trading may think that no one can make money in foreign exchange investment and trading and will spread this view everywhere.
If you think you are just an ordinary person, then following these suggestions may be a wise choice, because the probability of success is indeed not high. But please be sure to remember that everyone's situation is different. If you still have pursuits, if you have a desire for money, if you still have wealth dreams, then seize the present, because time waits for no one.
In some cases, people's admiration for someone may only stem from the fact that the other person has expressed what we want to hear. Even if these words are false, they still have great deception.
In the field of foreign exchange investment and trading, lies can be seen everywhere, and their confusion is even more prominent. One of the biggest lies in foreign exchange investment and trading is that by learning technical analysis methods such as candlestick charts, moving averages, and chart patterns, one can easily obtain huge profits. However, in fact, the real role of these tools is to make investors fall into the maze of technical analysis and find it difficult to find a way out.
Telling the truth often causes dissatisfaction. When investors realize their mistakes, they may need to give up years or even decades of efforts and restart the process of cognitive induction and summary of foreign exchange investment and trading. For those who are still stubborn, they will mistakenly regard accidental success as the result of technical analysis learning.
In fact, in foreign exchange investment and trading, the way of entering the market is not important. Whether it is random entry or entry based on the signal of moving average crossing, the key lies in whether one can firmly hold the investment position. If you don't know when to exit, those who do intraday trading can leave before the close, and those who do band trading can hold for several months and exit until the trend is exhausted.
In a casino, only a small amount of chips are bet each time. If the judgment is wrong, go to the next one. As long as you have enough chips, there will always be a chance to bet on a big market, and then you can enjoy the joy of success.
However, in short-term foreign exchange investment trading, most people still cannot obtain profits. After continuous losses, people will lose their minds and find it difficult to persevere. After continuous losses for many times, people will fall into despair and self-doubt. Most foreign exchange investment traders will completely give up after six months of continuous losses.
In other words, in the foreign exchange investment and trading market, most investors are novices. Novices leave the foreign exchange market after losses, and then a new wave of novices will enter. This is also one of the reasons for the increasing lack of liquidity in the foreign exchange market, because the number of novices is getting smaller and smaller.
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In the field of foreign exchange investment and trading, many investors are often immersed in the illusion constructed by technical analysis, but they ignore the cruel nature of the market, that is, the reality of the strong annexing the weak. Successful large investors usually benefit to a certain extent from their family background at birth and the help of luck factors. If a large investor comes from an ordinary family, then he is very likely to be just an ordinary participant in the market. After all, for ordinary people, maintaining family livelihood may have consumed all their energy.
The essence of the foreign exchange market is to realize the flow of capital, and ordinary foreign exchange investment traders only provide flow support for this flow. Small traders in foreign exchange investment often have the fantasy of getting rich overnight through some magical technology, but they ignore the uncertainty of the market. Those dazzling trading techniques give foreign exchange investment small traders a false sense of security. Occasional success may cause foreign exchange investment small traders to wrongly attribute short-term profits to their own technology.
Of course, foreign exchange investment is not a bad investment tool. Instead, it aims to emphasize that one should not blindly believe in and overly rely on trading technology, because over-reliance on trading technology is a wrong trading method. Only by abandoning wrong methods can foreign exchange investment traders find the correct investment path, that is, mastering all the logic, cognition and common sense of foreign exchange investment, adhering to long-term investment or band investment, and then earning abundant profits and huge returns。
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