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 trading, whether an individual is persistent in technology is not determined by their own subjective will, but depends on their actual situation and the stage of life they are in.
Only by admitting, understanding, accepting and deeply realizing this key point can one avoid carrying any psychological burden and then achieve transparency and success in the life course of foreign exchange investment trading.
Essentially, the principle is very simple. When an individual is in a state of lack of funds, only by relying on technology and exchanging technology for wealth, the importance of technology is self-evident at this time. When an individual has extremely abundant funds, they must necessarily fully protect their wealth. At this time, mentality becomes particularly crucial, and technology may no longer be applicable. Just as "Time, situation, destiny, and luck change people according to their positions." All of this is not within the control of individuals. Instead, when life develops to a specific stage, the focus will naturally converge here. In order to understand the importance of foreign exchange investment trading technology more clearly and definitely, it can be subdivided into three different stages.
When foreign exchange investment traders are in the initial stage of beginners, they have very little capital and a high trading frequency. At this stage, the importance of technology is the most prominent, ranking first; mentality is second, ranking second; capital is relatively the least important and ranks third. Because the lack of capital is a known situation, traders must rely on technology to obtain profits.
When foreign exchange investment traders are in the intermediate stage of proficiency, they have a medium amount of capital and a decreased trading frequency. At this time, technology and mentality are equally important and rank first equally; capital ranks second. At this stage, it is necessary to gradually increase the importance of mentality, otherwise the hard-earned funds will be difficult to preserve.
When foreign exchange investment traders are in the advanced stage of masters, they have a large amount of capital and a lower trading frequency. At this time, mentality is the most important and ranks first; capital is second and ranks second; technology ranks third.
In the foreign exchange market, investors will inevitably experience different psychological stages in the investment process. This is an inevitable law of human psychological development and cannot be avoided.
These investors aim to achieve continuous profit and capital growth through the foreign exchange market. By means of carefully planned trading plans and strict risk management measures, they achieve financial goals and ensure the continuity of profitability. Returns are the main form of return and source of trading motivation for investors, while capital growth depends on reinvestment strategies. However, achieving these goals is not an easy task, because the foreign exchange market is full of uncertainties and risks, which requires investors to have profound insight, rich experience and firm principles. Only through continuous learning and practice can investors master the core essence of trading and then obtain stable returns.
In the initial stage of foreign exchange trading, foreign exchange investment traders usually long for rapid success and wealth, and expect to achieve financial freedom and reach the pinnacle of life.
In the middle stage, as funds gradually accumulate, some foreign exchange investment traders may try to take risks to pursue higher wealth, but soon they will find that this goal is difficult to achieve, so they return to a more stable lifestyle. At this stage, the ambitions of foreign exchange investment traders may expand. This is the most exciting but also the most frustrating period for them. Especially for those who have achieved financial freedom before entering the foreign exchange market, they originally expected to move from financial freedom to wealth freedom and achieve a substantial increase in wealth.
In the later stage, investors may no longer pursue money, but pay more attention to spiritual satisfaction; they no longer need to compete in complex interpersonal relationships, but seek a more peaceful and leisurely lifestyle.
In the field of foreign exchange investment trading, if one can accurately identify who is an expert, it means that one has already become an expert.
When one can distinguish which investment system or method is effective, one becomes a mature foreign exchange investment trader. When one can determine which foreign exchange investment trading book is a good book, one is already a successful foreign exchange investment trader.
This is a peculiar phenomenon and paradox existing in the foreign exchange investment trading industry. At the novice stage, although one has the desire to express, no one listens; after becoming an expert, when others are eager to listen, one does not want to speak. In the novice stage, one worries that speaking worthless words will be ridiculed; even if one has become an expert now, one is also worried that one's remarks will be laughed at by masters at a higher level. Therefore, the more one knows, the less willing one is to speak.
Many foreign exchange investment traders are trying their best to find foreign exchange investment masters. However, in fact, even if a master stands in front of them, they may not be able to be recognized at all. The reason is simple: when one can distinguish who is a foreign exchange investment trading master, one is already a foreign exchange investment trading master, because without the corresponding level, it is impossible to distinguish at all.
In the knowledge, common sense cognition and experience insights of foreign exchange investment trading, many problems of foreign exchange investment trading already contain answers in themselves and actually have answered all the questions. It's just that we can't distinguish them when we don't understand. For example: Why does frequent trading fail? The reason is that trading is too frequent.
In the category of investment and trading in the foreign exchange market, achieving continuous and stable returns is undoubtedly an extremely challenging task.
Especially in short-term trading, the success probability is generally low, which has become a consensus in the industry. Not only is it difficult to achieve profits in intraday trading, but even for long-term investment, accurately judging market trends and making profits from them is by no means easy. Due to the high degree of unpredictability of high-frequency short-term trading, it is even more difficult to achieve profit goals. Moreover, this situation is not limited to the field of foreign exchange investment. From the perspective of the entire financial investment field, the chance of success is originally not high. Pessimists are usually more rational, have a clearer understanding of reality, and sometimes can make more prudent decisions. However, from historical experience, successful people are often those who maintain an optimistic attitude towards low-probability events. After all, success itself is a low-probability event. Success does not depend on conclusive evidence, but requires firmly believing that one can succeed and having firm beliefs, sufficient confidence, and persistent determination.
At the micro level of the foreign exchange market, randomness and uncertainty are ubiquitous states, while at the macro level, more obvious regularity and inclusiveness are exhibited. Small-scale market fluctuations are easily affected by random events, while large-scale trends can absorb these randomness. Therefore, paying attention to major trends helps reduce unnecessary anxiety and improve the efficiency of investment decisions.
In the smaller market trends of the foreign exchange market, the certainty is relatively low, while large-scale trends show more regularity. To increase the profit probability of investment, investors should strive to expand this ratio, because certainty is the basis for improving the profit probability. All foreign exchange investment strategies should be constructed around how to improve the profit probability.
Foreign exchange investors should not be restricted by trading cycles but should flexibly adjust their strategies. Simply pursuing a fixed profit probability or relying only on certain technical indicators to end transactions may not be able to ensure a high winning rate and an ideal profit probability at the same time. In fact, if one can seize several key trading opportunities during the year and allocate funds reasonably to achieve a profit goal several times that of the stop-loss point, one can obtain profits relatively easily and safely.
In the major trends of the foreign exchange market, achieving a profit goal several times that of the stop-loss point is feasible. The key lies in accurately identifying and closely following these trends rather than being busy chasing small profits every day. In this way, investors can not only reduce stress but also improve the safety and efficiency of investment.
In the field of foreign exchange trading, achieving continuous success is a daunting task.
Investors must constantly practice and learn. The foreign exchange market is highly complex and uncertain. Therefore, investors not only need to firmly grasp theoretical knowledge but also accumulate rich experience through practical operations. The essence of foreign exchange trading lies in practice. Trading skills are mostly honed gradually through continuous attempts and mistakes. This process requires investors to invest tremendous effort and patience. Only by personally experiencing market fluctuations can they truly understand the complexity and uncertainty of the foreign exchange market.
Investors need to fully recognize that there is a significant gap between theoretical knowledge and practical operations. Relying solely on book knowledge is far from enough. Investors should actively participate in foreign exchange trading and continuously adjust and optimize trading strategies during the practice process. As the foreign exchange market continues to change, investors need to respond flexibly and always maintain a sense of awe.
Paying attention to one's own trading behavior, regularly reviewing the trading process and learning and reflecting from it is the key to improving execution. In foreign exchange trading, investors often face anti-human nature challenges such as greed and fear. Correct decisions often need to be formed through the accumulation of practice and experience. Some investors may understand this quickly, while others may take a longer time or even never be able to do it.
As trading experience accumulates continuously, investors will gradually form unique trading logics, which usually go against the public's intuition. Because following intuition often leads to losses. Successful foreign exchange trading strategies often have anti-human nature characteristics. This is difficult for the public to understand in the field of foreign exchange trading and is also likely to cause misunderstandings and resistances from customers. Therefore, foreign exchange traders who are willing to share are often advised to conform to the wishes of customers to facilitate transactions, although doing so may make them feel lonely.
Foreign exchange trading is more like swimming, mainly relying on muscle memory rather than formula derivation. Many people mistakenly think that foreign exchange trading relies on some mysterious formula to obtain profits. However, looking for "trading secrets" is in vain. Mature foreign exchange traders emphasize the simplicity and effectiveness of strategies, but this view is often questioned. If people believe that complex trading strategies can bring high returns, then they may blame themselves for not working hard enough or having insufficient resources. And if people believe in simple trading strategies but fail to achieve profits, then they may think that they lack wisdom, which is even more unacceptable.
As time goes by, foreign exchange traders may become more and more lonely. They may choose to respond to others' remarks in a mild way to avoid conflicts and ensure business success.
In the foreign exchange investment and trading market, frequent trading does not necessarily have fatal consequences.
However, frequent trading without reasonable basis often leads to trading failure. For the growth of small amounts of funds, the key element is not frequent trading, but the insight and cognitive level of foreign exchange investment traders. The growth process of foreign exchange investment and trading funds is not based on popular technical means in the foreign exchange investment and trading market, but is achieved by deeply understanding the basic logic of the market and improving cognition.
Foreign exchange investment traders must understand that not all foreign exchange investment traders are suitable for realizing wealth growth by relying on compound interest every day. This concept is often ignored because it is extremely difficult to implement. Those who tend to trade frequently often lack the ability to distinguish market opportunities and the quality of patience. Most people's frequent trading behavior is out of speculative instinct and the desire to obtain wealth quickly. However, foreign exchange investment and trading is anti-human nature in essence. Only foreign exchange investment traders with excellent cognition can stand out in the market.
When foreign exchange investment traders have not reached a certain level of cognitive understanding of foreign exchange investment and trading, they are often easily reduced to victims of the foreign exchange investment and trading market, whether it is a loss after a profit or a continuous state of loss. All the market cognition of foreign exchange investment traders is obtained through continuous exploration and learning in the market. In the process of foreign exchange investment and trading, they have also experienced various attempts from short-term trading to long-term trading, from frequent trading to low-frequency trading, and from light positions to heavy positions, but all end in losses. A foreign exchange investment trader cannot establish a profound cognition immediately upon entering the market. Only through continuous practice and learning can one gradually approach the road to profitability.
The foreign exchange investment and trading market varies from trader to trader. Some people are good at trend trading, some are good at trading in volatile markets, some focus on scalping trading, some focus on band trading, and some focus on reverse operations after value regression or exhaustion. These different foreign exchange investment and trading strategies have their applicable groups. The diversity of the market is where its charm lies. If everyone adopts the same strategy, the foreign exchange investment and trading market will become lifeless and lose its trading vitality.
True foreign exchange investment and trading cognition should be based on three underlying logics: first, the understanding of human nature. Frequent trading may lead to overconfidence, ignoring the unpredictability and risks of the market, and then lead to emotional fluctuations and irrational decisions. Second, mathematical facts. Each transaction will generate costs. Frequent trading will quickly accumulate these costs and erode profits or even principal. Finally, there is opportunity cost. Continuously paying attention to market dynamics will consume a lot of energy and may cause missing other more favorable long-term investment opportunities. These three factors, alone or in combination, may all lead to the final failure of investors.
As foreign exchange investment and trading experience continues to accumulate, foreign exchange investment traders gradually realize that trading is actually a part of life. Personal weaknesses and shortcomings need to be overcome through continuous self-discovery and improvement. Foreign exchange investment and trading contains too many complex factors. If one does not look for reasons from oneself, one will never find the right direction. In a person's life, focusing on this one thing is enough.
In daily life, we are surrounded by various rules, including traffic rules, moral norms, and legal systems. These rules jointly build the basic framework of society and play a guiding role in our behavior.
However, the situation in the field of foreign exchange trading is different. There are no hard and fast rules in this field to limit trading time. Investors must formulate their own rules to ensure the rationality and orderliness of trading.
In a conventional social environment, our behavior is constrained by rules. In foreign exchange trading, external constraints are lifted. Investors need to decide on buying and selling opportunities in the absence of clear guidelines. This is like being in an unmarked desert and is easy to get lost. The core challenge of foreign exchange trading lies in establishing a rule system suitable for oneself, thus transforming from a rule follower to a rule maker, reducing arbitrariness and subjectivity, and making trading decisions more orderly and based on evidence. Just as social rules can restrain negative factors in human nature, foreign exchange traders also need self-restraint to avoid impulsive and disorderly trading so as to move forward steadily and reduce losses. In short, the difficulty of foreign exchange trading lies in the lack of external rule constraints, and its charm also lies in this. By formulating rules on their own, investors can better control their trading behavior and achieve success.
Many people spend their entire lives exploring the mysteries of foreign exchange investment and trading, but often end up with regret. This requires not only personal unremitting efforts but also a certain degree of favor from fate. Foreign exchange traders face many challenges brought by the market. Lack of mature psychological quality can easily lead to unrealistic expectations and pursuits. They often try to seize various opportunities, whether real or illusory. This may eventually make them physically and mentally exhausted. In some cases, the failure rate may even approach 100%. Professional foreign exchange traders are relatively better off. They know their own limitations, understand how to accept and adapt to various situations, follow the principle of "do one's best and leave the rest to fate", and can conduct reflection and adjustment in a timely manner.
Success in foreign exchange trading requires years of tempering. Its core principle is to control greed and fear in human nature, maintain selectivity and self-discipline, choose opportunities suitable for oneself, have a trading strategy that adapts to market signals and market conditions, and accept the fact that losses are part of trading. Behind the trading strategy is a large amount of market analysis and review. When foreign exchange traders have a feeling for the market, it is time to execute. This feeling is obtained through trading strategies and market experience and cannot be replaced by others. In the execution stage, keep it simple, don't be confused by market fluctuations, and stick to one's own trading plan. Foreign exchange traders should act at the right time. Trading is lonely, and many times they are waiting for the right opportunity. Even if engaged in full-time foreign exchange trading, one also needs to control one's trading behavior.
In the field of foreign exchange investment and trading, Chinese people with large amounts of capital overseas do indeed have certain unique advantages.
Foreign exchange investment and trading covers four paths that are considered to achieve rapid profitability in currency speculation, namely information disparity, cognitive disparity, execution disparity, and competition disparity. However, the Chinese government has implemented restrictive measures on individual foreign exchange investment. At present, in China, there is a lack of a complete ecosystem and professional training mechanism for foreign exchange investment. Therefore, the vast majority of Chinese people not only find it difficult to obtain an information advantage in foreign exchange investment and trading, but also do not have a cognitive advantage. Due to the lack of a good investment environment and training system, the number of people familiar with foreign exchange investment is extremely limited, and those who are proficient are even rarer. In addition, personal currency exchange and remittances to overseas banks are strictly restricted. In conclusion, the vast majority of Chinese people actually have almost no opportunity to participate in foreign exchange investment. In the absence of participation opportunities, there is no way to talk about action and execution. Without participation and execution, there is naturally no possibility of competition. Without the opportunity to participate, it is simply impossible to obtain a competitive opportunity.
Therefore, for Chinese people with large amounts of capital overseas, they should seize this rare opportunity. In particular, they can consider participating in low-risk and high-return foreign exchange value investments, such as carry trade, to obtain substantial returns. Otherwise, they may feel regret in the future. For Chinese people proficient in foreign exchange investment technology, they can make up for the shortcoming of resource disparity by conducting extensive advertising and promotion on an international scale and taking advantage of the opportunity of multi-account manager regulation to manage investment accounts for global clients and earn considerable profits. However, it is not recommended to mainly target Chinese accounts, because the issues of information disparity and cognitive disparity can be temporarily ignored. Even if there are Chinese people who hope to entrust them to manage investment accounts, due to the $50,000 limit on foreign exchange exchange and remittance, even if the remittance is successfully sent and an account is opened, a $50,000 account size is difficult to achieve significant investment results.
There is a close interrelationship between logic and technology in foreign exchange investment. The two complement each other and neither can be lacking.
Logic provides solid theoretical support for technology, while technology puts logic into practice effectively. At different cognitive levels, there are significant differences in the understanding of technology.
Under the concept of "technology supremacy", people often think that there is a certain secret technology that can bring continuous profits. Therefore, they will learn many technical analysis methods such as moving average theory. However, the actual situation is that these methods are difficult to achieve a high winning rate. At this time, people face three choices: continue to deeply study existing technologies, learn new technologies, or realize that there is no so-called secret technology and everything is probability. If one is in the first two choices, there is still a long way to go to achieve stable profits.
When people recognize the uncertainty of the market, they will understand that there is no trading secret, but view trading from a probabilistic perspective. Pursuing a high winning rate by fitting various trading signals will lead to the dilemma of choosing between heavy losses caused by heavy positions or continuing to look for new signals. Returning to simplicity enters the stage of "technical simplification".
In the stage of technical simplification, people realize that technology can be very simple, and its essence lies in determining the market conditions they need. Focus on the trading signals that make them feel comfortable, clarify the timing of opening positions, setting stop losses and taking profits, and understand the advantages of their own trading models through backtesting of underlying logic. Although they may have started to make profits, the profit state is still unstable, so they strive for stable profits.
After realizing that relying solely on technology is difficult to ensure stable profits, one will understand that fund management is the key. In theory, stable profits can be achieved by controlling drawdowns. If one still fails to make profits, then one will face the hurdle of human nature.
Analyzing trading behaviors, it can be found that non-systematic orders and emotional orders often lead to significant losses, so it is extremely important to attach importance to consistent output. Consistent output is based on patience. Only by having a big pattern and a big mind can one earn substantial profits and realize that the essence of trading is actually trading oneself.
The leap in cognition is extremely difficult. Recognizing market uncertainty, controlling losses, and trading oneself are the keys to achieving stable profits.
In the field of foreign exchange investment, foreign exchange investment logic needs to be implemented through foreign exchange trading technology, while foreign exchange trading technology needs foreign exchange investment logic as a strong support. Both are of great significance, but their degrees of importance are not completely the same.
Foreign exchange investment logic can be regarded as the core soul of foreign exchange trading, and foreign exchange trading technology acts as a key tool for foreign exchange trading. Without foreign exchange investment logic, investors will not be able to clarify the operation content they are conducting; without foreign exchange trading technology, investors will also have difficulty knowing the specific operation methods. Strictly speaking, in foreign exchange investment, logic is more important than technology. If investors have first-class trading logic, then even using third-rate technology can achieve profitability; if investors only have third-rate trading logic, even if they use first-rate technology, they may still face losses. When the capital scale is relatively small, the importance of technology is relatively more prominent; when the capital scale is larger, the importance of logic is more significant.
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