Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
Although people with limited economic resources do face financial difficulties, what they lack even more is knowledge and guidance.
Education is a process of inheritance. In this process, experience can be continuously accumulated, thereby promoting the gradual growth of wealth. For ordinary people who lack the support of wealth and power, the most valuable asset is undoubtedly their own intelligence.
On the path of pursuing financial growth through foreign exchange investment and trading, there are four basic strategies that are always effective: first, mastering foreign exchange investment and trading information that others do not know; second, having foreign exchange investment and trading knowledge that others cannot understand; third, when both parties are clear about the operation methods of foreign exchange investment and trading, one party takes decisive action while the other party does nothing; fourth, even if both parties take action, one party can continuously persevere and surpass the other party without slackening.
In the context of Chinese culture, people tend to choose the approach where one party continuously perseveres and surpasses the other without slackening when both parties take action. But in fact, this is an extremely unwise choice. The key lies in jumping out of the current information framework and exploring opportunities that have not been discovered by the public. In this way, the accumulation of wealth will be realized naturally. In foreign exchange investment and trading, a seriously neglected strategy is long-term carry trade investment. This belongs to the value investment method in the foreign exchange market and is only suitable for investors with large amounts of capital and patience for long-term operations.
In the initial stage of learning foreign exchange investment and trading, losses are usually difficult to be accepted by family members and relatives and friends.
When an individual's income exceeds that of peers, they often avoid letting them know that they are engaged in foreign exchange investment. When just getting involved in foreign exchange investment and trading, people around usually object because they think it is risky; when the return reaches 20%, some people will think it is just due to luck; when the return reaches 30%, everyone will fall silent; and when the return reaches 50%, some people will regret not following and participating in foreign exchange investment and trading.
The growth environment, received education and life experiences jointly determine an individual's future development direction. After the event, people often think that if different choices had been made at the beginning, there might be better results. However, due to the huge influence of the environment, even if time could be turned back, the choice is likely not to change. The wise move after the event is often just the most appropriate arrangement at present.
Foreign exchange investors should do what they think they should do, because there is a great responsibility in it. If you want to develop upward, you cannot be bound by the environment. Only by getting rid of the constraints of the environment can you see a broader world. Truly being well-informed is not about how many big cities you have been to or how grand scenes you have seen, but being able to remain calm and natural when facing human nature. Foreign exchange investment is usually an incomprehensible behavior in the eyes of relatives and friends, but due to trust, one may obtain their support.
Family's lack of support for foreign exchange investment mainly depends on whether an individual can stably make money through foreign exchange investment to support the family or even achieve wealth. The root of most family problems often lies in the economic aspect. Foreign exchange investment itself is not wrong. It is an extension of business in the financial field. However, many people have misunderstandings about it and only pay attention to the short-term price fluctuations while ignoring long-term investment. Foreign exchange long-term carry trade can be regarded as the value investment of foreign exchange.
Insufficient experience may lead to a lack of professionalism in the field of foreign exchange investment and trading.
In this case, keeping a low profile and avoiding easily revealing the specific details of one's occupation is a relatively wise choice. This can effectively avoid unnecessary misunderstandings and pressures, because different people often have different views and expectations of our work.
If you have already intervened in the financial affairs of relatives and friends and expect to withdraw, the following strategies can be adopted. First, avoid directly managing their foreign exchange investment and trading funds. Instead, you can choose to manage foreign exchange investment and trading accounts. Secondly, you can explain the risks in a way that shocks them, such as explaining the possible total loss situation. When they express dissatisfaction, remain calm and wait for the right time to tell them that in fact the principal has been preserved and is ready to be fully refunded. At the same time, you can express reservations about your own professionalism in the field of foreign exchange investment and trading and may no longer be involved in this field in the future.
To further reduce attention, you can find other occupations as a cover and not reveal any investment activities in the field of foreign exchange investment and trading.
In society, keeping a low profile and focusing on one's own achievements can be regarded as a kind of wisdom. Showing off wealth is very likely to cause unnecessary troubles and jealousy. Even if helping others succeed, they may attribute it to themselves. And if the result is not satisfactory, it may cause resentment and misunderstanding. When helping others, due to deviations in execution, even the best advice may lead to unsatisfactory results, and this is likely to be blamed on the person providing help.
Helping others in foreign exchange investment and trading decisions often triggers complex emotional and responsibility issues. If the result is good, only short-term gratitude may be obtained; if the result is not good, long-term accusations may be suffered. Therefore, remaining independent and not participating in others' foreign exchange investment and trading decisions is a more prudent strategy.
In short, in foreign exchange investment and trading decisions, it is best to maintain a private state and avoid public discussions or providing advice. This can reduce unnecessary pressure and responsibility while protecting one's financial security and personal reputation.
In the field of foreign exchange investment and trading, "simplicity" is not insulated from complexity. In fact, it is the refined extraction after going through complexity. "Simplicity" without being tempered by a complex process often tends to be superficial. Especially in the category of foreign exchange investment and trading, simplification usually means the lack of depth.
In foreign exchange investment and trading strategies, when the market trend shows an upward trend, if the current price is higher than the highest price of the previous candlestick, considering going long is an option; when the trend is downward, if the price is lower than the lowest price of the previous candlestick, then choosing to go short is possible. Examples of closing positions when rising are as follows: reaching the previous high, weakening of price upward momentum, and formation of a top pattern. Closing positions when falling are such as: reaching the previous low, weakening of price downward momentum, and formation of a bottom pattern. This is a basic trading system. Although it seems simple, if it is applied rashly without careful consideration, it is very likely to lead to losses. People may think that such foreign exchange investment and trading strategies are ineffective and even question the strategy provider. However, successful trading does not only depend on these basic rules, but requires in-depth analysis and refinement of details of these rules.
The foreign exchange investment and trading system, or foreign exchange investment and trading strategy, is only a part of technical analysis. People often think that implementing foreign exchange investment and trading strategies is the most critical link. But in fact, observing the foreign exchange investment and trading market is more important. Because we need to predict the future based on past and present information. Before opening a position, insight into the trend of the foreign exchange investment and trading market is crucial. All composure and calmness stem from a profound understanding of the foreign exchange investment and trading market. Without this understanding, it is difficult to expand the capital scale. And the expansion of the capital scale will bring greater capital fluctuations, which is very likely to have an impact on foreign exchange investment and trading decisions.
It is possible to continuously make profits in the market through a foreign exchange investment and trading method, but this does not mean that just because someone gives a method, it can be directly applied. It is necessary to deeply understand the foreign exchange investment and trading market, go from the surface to the essence, and then continuously improve and perfect this method. This requires using the actual performance of the foreign exchange investment and trading market to test and adjust foreign exchange investment and trading strategies, rather than just staying at the superficial imitation level.
In the field of foreign exchange investment and trading, after traders try many complex trading strategies, they deeply realize that continuous profitability is by no means easy.
Given the limitations of traders' technical capabilities, it is difficult to achieve stable profitability by relying on fundamental analysis or rapid market dynamics changes. These methods are either slow to respond or change too quickly. With traders' current abilities, it is indeed difficult to deal with them effectively. Behind those seemingly easy foreign exchange investment suggestions, in fact, a large amount of time and capital is often required.
Traders decide to return to the simple strategy they initially knew, that is, patiently waiting for opportunities, just like waiting for hares by sitting by a stump. Thanks to the long cultural heritage, traders have understood many principles since childhood, but only after personal experience can they truly understand themselves. In the process of pursuing perfect trading techniques, traders have lost many aspects, including money, time, and family harmony.
If traders always adhere to the simple principle, even if they only catch several major market trends in a year, perhaps they would have achieved financial freedom long ago. However, several years have passed, and traders still have not achieved this goal. After years of practice, traders have found a probability advantage framework that suits them. Set an acceptable stop-loss ratio, patiently wait for opportunities, then execute transactions, conduct regular inspections, and exit when necessary. This cycle is both simple and efficient.
Formerly, traders had a rather high opinion of themselves and thought they could find a foreign exchange investment and trading technique that could make a profit every day. But now traders already understand that slowness is actually fast, and stability is strength. For small losses, traders have learned to accept them and regard them as necessary costs. For those simple trading systems, traders suggest testing them in a simulated environment first rather than directly putting them into actual combat.
Traders once found a seemingly simple trading system, but after many attempts, they found that this system was not suitable for them. Trying to adjust the parameters, but the result was unsatisfactory. Through in-depth research and repeated testing, it was found that there are differences in trading styles between themselves and this system. This system is more inclined to frequent trading, while traders expect to enjoy profit growth after establishing a transaction.
Traders have different views on profits, which leads to differences in trend definitions and trading logics. This difference may cause confusion in entry and exit points. Traders hope to share this lesson to help everyone avoid unnecessary losses when adapting to the trading system.
In short, the simplicity of a foreign exchange investment and trading system is not a trading system that can be summarized in a few simple words. A successful foreign exchange investment and trading system needs to be continuously adjusted to adapt to market changes. Foreign exchange investment and trading itself seems simple, but behind this simplicity lies traders' years of experience and profound understanding of the market. Behind every simple decision, there may be complex analysis and profound skills.
In long-term foreign exchange investment practice, experienced traders clearly recognize that the future trend of the market is highly uncertain and cannot be accurately predicted.
They deeply perceive that there is a significant gap between their actual understanding of the market and their subjective cognition. As traders and the market continue to evolve, certain thresholds set based on capital scale are difficult to cross only through basic analysis, and this situation is only to maintain the dynamic balance of the foreign exchange market. Even if a large number of books related to the market are read, it is still extremely difficult to fully understand the essence of the market. Just as no one can predict in advance that oil prices will drop to negative values.
For those who intend to engage in full-time foreign exchange trading, they must make sufficient psychological preparations and always maintain a cautious attitude. At critical nodes, caution is a key element for survival. In foreign exchange trading, it is impossible to obtain all profits, and once there is a loss, the consequences may be extremely serious. Although leveraged trading is often regarded as a means of getting more with less, in fact, deleveraging operations are more stable. Although the leverage ratio and risk of foreign exchange trading may be higher than those of the stock market, the expected return is also relatively higher. If no leverage is used, even if small amounts of capital are used for foreign exchange trading, it will be more comfortable. Because even if trapped, as long as one waits patiently and does not use high leverage, there will be no risk of a margin call, and eventually it is possible to get out of the trap. Therefore, foreign exchange trading can be regarded as a low-risk and low-return investment option.
People often ask about the relationship between capital scale and returns. This is usually a question raised by novice foreign exchange traders. Earning more profits is not equivalent to successful trading. The stability of trading is the most critical factor, including the stability of profits and losses. The stability of profits is relatively easy to understand, while the stability of losses means that the risk is controllable. Novice foreign exchange traders may draw curves of capital and losses in the initial trading stage, but as experience accumulates, they may think these practices are rather naive and not actually helpful for investment.
Experienced foreign exchange traders emphasize the importance of compound interest earnings rather than one-time full-position investment. Compound interest earnings are less affected when dealing with the risk of a margin call, while the result of full-position investment is difficult to predict. For those who aim at professional foreign exchange trading, it must be remembered that the stability of earnings is much more important than short-term high returns.
Understanding the operating principles of the foreign exchange market is an important foundation for success in foreign exchange investment.
However, simply mastering theoretical knowledge cannot ensure profitability. The practice of principles is also of crucial significance. Not everyone is suitable for participating in foreign exchange trading. For those who are determined to engage in it, they can consider joining large investment institutions and becoming professional foreign exchange traders. Taking foreign exchange trading as a career may accelerate the process of success, but at the same time, it may also make people realize that they may not be suitable for this field and the difficulty of persisting in it.
Although many foreign exchange traders have some understanding of trading principles, they face difficulties in the actual implementation process. Do not think that simply understanding the principles can lead to successful trading. This is often an overestimation of one's own abilities. "It seems easy at first glance, but mistakes are made when doing it" is a common dilemma in foreign exchange trading. Even with abundant knowledge, success in trading cannot be guaranteed.
In foreign exchange trading, more knowledge is not necessarily better. Sometimes it may even become a disadvantage. There is a certain gap between knowledge and action. Successful traders usually stand out from many losers. When facing human nature challenges, the role of knowledge is relatively limited.
The key to success in foreign exchange trading lies in the unity of knowledge and action, strictly following trading signals and persevering. Being overly cautious may make it difficult to survive in the field of foreign exchange trading. One needs to overcome fear and greed and focus on a familiar trading system. This can increase the possibility of success.
The success of foreign exchange trading lies in repeating simple operations. Many theories may be wrong or cannot guarantee profitability. Traders who suffer losses often rely on free information and rote learning. Practical techniques rather than empty theories should be taught.
Many people learn the so-called expert techniques on the Internet and are unwilling to give up even if they suffer losses. People with normal intelligence should examine their trading methods. Most of the experts on the Internet have little practical value. In reality, experts usually have precious time and it is difficult to get their guidance even if you pay.
There are reasons for both success and failure in foreign exchange trading. Time, experience, and thinking are key factors. If you are determined to persist in engaging in foreign exchange trading, you must make efforts. Success requires a real transformation in the heart rather than just a superficial understanding.
Foreign exchange trading technology is the foundation and must ensure its practicality. Trading ability, experience, and thinking about the essence of the market require the accumulation and practice of time. First of all, one should clarify one's motives and strategies. Although it is impossible to accurately predict market trends, one can clarify one's action goals. The improvement of trading ability requires the organic combination of time, practice, and thinking, which is a long-term process.
In the investment journey in the foreign exchange market, abundant theoretical knowledge cannot ensure trading success.
Practice is the sole criterion for testing truth. True insights come from personal experience and the core principles in trading practice. In the field of foreign exchange trading, although mastering theoretical knowledge is important, applying theory to actual operations and adhering to one's own strategy in a dynamically changing market environment is where the real challenge lies.
The fluctuations in the foreign exchange market are often influenced by group behavior. Successful traders can usually get rid of the interference of these emotions and stick to their own analysis and judgment. Although traders have mastered fundamental and technical analysis methods, they still need to face market uncertainties. Successful trading requires not only a deep understanding of the market but also a comprehensive understanding of oneself, including clearly knowing one's own strengths and weaknesses.
In the field of foreign exchange trading, there is no one-time success rule. The market is in a state of constant change. Successful traders must continuously adapt to the new market environment and rules. The essence of trading is not to capture every tiny fluctuation but to patiently wait for the right opportunity. The real trading master is not those who always maintain profitability but those who can patiently wait and accurately grasp the major trend.
Therefore, for foreign exchange traders, the most crucial thing is to cultivate the ability to adapt to market changes, self-awareness, and patience. This requires the accumulation of time and experience and is also inseparable from continuous learning and practice. Foreign exchange trading is more like a marathon than a sprint. Only those who persevere can finally reach the finish line.
9
In the analysis of the foreign exchange investment and trading market, candlestick charts under different time frames present different market dynamics. Observing candlestick charts of longer periods can assist investors in controlling the general trend of the market; while short-period candlestick charts can enable investors to gain insight into short-term price fluctuations. These two are not mutually contradictory, but actually complementary. For example, even if the long-term trend may show an upward trend, it may experience a decline in the short term. This is not due to fundamental market issues, but reflects the cognitive differences between short-term and long-term perspectives of foreign exchange investment traders.
Successful foreign exchange investment trading strategies usually rely on a deep understanding and grasp of the relationships between different periods. If these foreign exchange investment trading strategies are easily shared, people are likely to mistakenly attribute them to their own talents or abilities. In the field of foreign exchange investment and trading, there is a large amount of contradictory information, and core foreign exchange investment trading strategies often require a large amount of data as support. Understanding the thinking logic behind foreign exchange investment trading strategies is not easy, because people often only pay attention to surface phenomena and it is difficult to deeply understand its underlying reasons.
In foreign exchange investment and trading, sharing scattered foreign exchange investment trading information is relatively common, but this information usually does not have important value. Only those who truly have the ability to comprehend can extract valuable foreign exchange investment trading strategies from these fragmented information. However, even if someone is willing to share, they may not be able to give the correct answer. After all, everyone's understanding and experience are different.
Foreign exchange investment traders must master basic candlestick chart analysis skills, which is the foundation of trading. At the same time, foreign exchange investment traders need to analyze the market by combining candlestick charts of different periods, determine the trend with long periods, and determine entry and exit points with short periods. The analysis of foreign exchange investment trading candlestick charts requires a solid theoretical foundation as support, so that analysis can be given depth and accuracy, and thus a higher level of foreign exchange investment trading can be achieved. Combining basic theory with candlestick charts can help traders understand the contradictions between candlestick charts of different periods and find their own trading periods.
To resolve the contradictions between candlestick charts of different periods, traders need to clarify the relationships between periods and their mutual influences, and determine their own trading periods. These in-depth analyses and understandings have gone beyond the scope of simple discussions and need to be gradually mastered by traders through practice and learning.
In the field of foreign exchange investment and trading, if traders have the ability to interpret price behavior, then even the use of indicators can play a positive role. However, if foreign exchange investment traders do not know how to analyze price behavior, even using up to ten indicators will be difficult to produce practical results.
Foreign exchange investment and trading indicators provide an important auxiliary way for traders to conduct market analysis, but they are by no means the only powerful tool for market prediction. Foreign exchange investment and trading decisions can be based on opening signals, which can be identified in many ways. Technical indicators are only one of them. In fact, some foreign exchange investment traders may not rely on indicators at all, but make decisions based on in-depth understanding of market structure and keen insight into price behavior. This trading mode emphasizes the grasp of opportunities and risk control rather than simply relying on technical indicators.
Although foreign exchange investment and trading technical indicators have certain limitations, under specific foreign exchange investment and trading market conditions, such as when the trend is obvious, some indicators (such as moving averages) can provide valuable information. However, it must be clearly recognized that technical indicators are usually derived based on historical data, so they cannot accurately predict the future direction of the market.
For the construction of a foreign exchange investment and trading system, although some people may achieve stable profits without a complex system, for most people, a carefully designed trading system can help them maintain discipline, improve execution, and achieve profit goals in the long term. Foreign exchange investment and trading not only involves the technical analysis level, but also is closely related to personal psychological state, patience and perseverance.
When choosing trading indicators, if only one can be selected, then candlestick charts and moving averages may be the most basic tools because they directly reflect price behavior, and price is generally considered to be a key element covering all market information.
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