Forex multi account manager | Use your trading account operating, investing, trading | Assist in self management of family office investment
In the course of life, it can essentially be regarded as a journey of experience. In terms of foreign exchange investment and trading, the experience and techniques therein can only be deeply understood through personal practice.
However, the achievement of experience requires specific conditions, and the primary condition is carefulness. Careless people often find it difficult to obtain richer experiences. This is not because they are unwilling subjectively, but because they may lack the trait of carefulness at the genetic level. Although people with a quick temper have certain shortcomings, careful people in the group of people with a quick temper still have this natural advantage.
Whether foreign exchange investment and trading is successful or not fundamentally depends on whether more and more accurate information can be mastered. In the process of searching, summarizing, filtering and summarizing useful investment information, it completely depends on the quality of carefulness. People who lack concentration cannot do it, careless people cannot do it either, and people with a quick temper also face difficulties in this regard. Therefore, there is no doubt that the winners of foreign exchange investment and trading must be careful people.
If it is believed that success in life is usually produced by being forced by external factors, then the same is true for the success of foreign exchange investment and trading. If there is no strong desire for money, no clear dream, no ruthless blow when lacking funds, no being forced when living in distress, and so on. If this forced state is regarded as an external condition, then carefulness can be regarded as an internal condition. Being forced by poverty is an external factor, and carefulness may be a natural internal factor or determined by genes. Here, we should be grateful for the careful gene, which to a certain extent has contributed to the success of foreign exchange investment.
Of course, it is an inaccurate perception to attribute success completely to genes. Traits such as carefulness can be obtained and continuously strengthened through cultivation and training in the later stage. At the same time, the success of foreign exchange investment is comprehensively affected by multiple factors, including knowledge reserve, market analysis ability, risk control ability, etc., and does not depend solely on a single trait of carefulness.
In the field of foreign exchange investment and trading, short-term trading requires high-frequency operations and rapid response capabilities. This requires traders to have keen insight and a profound understanding of human nature and group behavior. At the same time, precise skills are required.
Long-term foreign exchange investment focuses on the fundamentals of currency pairs, currency trends, and national macroeconomic analysis. Successful long-term investors can identify and adhere to investment concepts and remain calm when the market fluctuates. However, they need to face risks and resist the temptation of short-term fluctuations.
There is a misunderstanding in long-term foreign exchange investment. That is, some people think that the length of holding time determines returns, while ignoring the quality of investment decisions and in-depth understanding of the market. Successful long-term foreign exchange investment requires careful planning and continuous tracking.
Common mistakes in short-term foreign exchange trading include overtrading and lack of effective risk management. Traders are prone to exit prematurely when the trend is obvious and hold on in a contrarian trend, resulting in losses.
The success of long-term foreign exchange investment lies in evaluating long-term value and maintaining patience. The success of short-term foreign exchange trading lies in grasping market sentiment and group behavior and implementing effective risk control.
The key to success in foreign exchange investment is to improve the fault tolerance rate of positions and respond flexibly to market changes. This also explains why successful foreign exchange investors tend to adopt long-term strategies, because this strategy focuses on fundamental analysis and the realization of long-term value.
Understanding the common mistakes made by most short-term retail investors, that is, exiting prematurely in the trend and holding on in the contrarian trend, resulting in small profits and large losses. Successful trading requires holding positions correctly at the right time and stopping losses decisively to avoid unnecessary losses.
In the research on the formation of foreign exchange investment and trading preferences, people usually focus on the technical level of foreign exchange investment and trading, but often ignore the impact of personality factors.
There is a view that through learning technical analysis and mastering trading skills, it is possible to obtain profits in market fluctuations. However, professionals who have been engaged in foreign exchange investment and trading for a long time will find that technology is not a decisive factor, and perseverance and extraordinary courage are the keys. Foreign exchange trading is more like a process of tempering personal qualities. Technology can be regarded as an extension of personality, and risk preference is the basic element.
Foreign exchange short-term trading has extremely high requirements for the timeliness and execution of decision-making. Due to the lack of a fixed signal model, foreign exchange investment traders usually rely on intuition and experience to perceive changes in market momentum. The so-called "trading sense" is actually an unconscious decision-making system formed by daily operations and experience accumulation, which stems from the recognition of market behavior and the accumulation of lessons. Although the trading sense plays an important role, it is often overlooked. In addition, in foreign exchange short-term trading, the point advantage is very important, but it is fleeting. Technical analysis has a certain role in post-analysis, but in the actual operation process, traders often do not have enough time for in-depth analysis. Therefore, efficient action instinct and sensitive response to market signals are the key factors for the success of foreign exchange short-term trading.
Long-term foreign exchange investment is more likely to be recognized by ordinary investors because it involves trend judgment and patient position holding. However, long-term foreign exchange investment is also full of challenges, such as the definition of trend establishment, the contradiction between short-term interests and long-term planning, and the implementation of the added positions strategy (adding position strategy). This requires foreign exchange investment traders to have a high degree of self-discipline and a deep understanding of the market.
In short, whether it is foreign exchange short-term trading or long-term investment, success not only depends on technology, but more reflects personal character and quality. Foreign exchange investment traders need to continuously learn and practice, cultivate market sensitivity and risk control ability, and recognize that there is no absolute truth in the foreign exchange investment and trading market, only relative truth. Only through continuous self-improvement and in-depth understanding of the market can foreign exchange investment traders continue to make progress in this field.
In the field of foreign exchange investment and trading, multi-account managers among long-term foreign exchange investors can often obtain higher profit margins with their abundant capital scale, strong fundraising ability and effective publicity means, and can attract many followers, thus occupying a dominant position in the market.
Short-term foreign exchange investors are often mistakenly regarded as gambling due to the lack of effective trading skills. In fact, some top high-frequency traders may have astonishing profit curves, while some short-term foreign exchange investors cannot adopt high-profile behavior due to their small capital scale. Medium and long-term foreign exchange investors focus on medium-term trends. Their trading strategies are relatively comfortable and can carry a large amount of capital.
In foreign exchange investment and trading, people who can achieve profitability can usually be divided into two categories: one is to engage in things that others do not know, and the other is to do things that others cannot bear. Medium and long-term foreign exchange investment trading is conducive to wealth growth. Intra-day trading in foreign exchange investment is only for passing the time. Foreign exchange investment trading experience has formed a kind of inertia. If you don't look at the market, you will feel uneasy. Looking for intra-day trading opportunities is just for fun rather than for making money.
Too many foreign exchange investors overuse leverage when trading and stare at the market all day for small-scale trading. This behavior is like being engaged in small businesses all one's life. There are only a few major market conditions in foreign exchange investment trading in a year. It is necessary to combine fundamental and technical analysis to seize the opportunity to earn huge profits. Ultra-short-term intra-day traders in foreign exchange investment trading may be overextending their lives and it is also difficult to obtain good results. An excellent foreign exchange investment trading system can achieve a balance between life and investment.
In the field of foreign exchange investment and trading, those professionals who are good at short-term trading are usually not known to the public.
Some foreign exchange investment traders perform well in short-term trading. They do not intentionally keep a low profile. Instead, they think there is no need to show off and don't think they are so extraordinary, so there is no need to show their wealth to others.
For foreign exchange investment traders, if they focus on investing in niche currency varieties, then long-term investors in foreign exchange investment trading need to pay attention to value investment, that is, long-term carry trade investment in foreign exchange currency. Large amounts of capital usually adopt a gradual position-building method and cannot obtain returns by relying on short-term trend trading.
The essence of short-term foreign exchange investment trading is loneliness, and flamboyant behavior is of no benefit. Of course, short-term foreign exchange speculation is insignificant in the face of power or reputation. As long as it can meet the living needs of family members, it is already very good. Successful short-term foreign exchange investment traders have almost no significant presence in the market because they have not reached the level where they can experience the vanity fair. They either continue to engage in short-term foreign exchange trading because they enjoy the fun brought by foreign exchange investment trading. However, when the trading scale expands to a certain extent, it is difficult to have new breakthroughs; or they turn to long-term foreign exchange trading investment and use foreign exchange investment trading experience to attract principals and open a new investment model; or they choose to retire and live a leisurely life of growing flowers and fishing. In short, there is no need for others to know that they have obtained wealth through short-term foreign exchange investment trading. Foreign exchange speculation has nothing much to boast about.
In the field of foreign exchange investment and trading, to achieve substantial profit acquisition, it is necessary to rely on fundamental analysis and accurate grasp of the long-term trend.
Excessive focus on short-term trading is highly likely to miss major market conditions and also lead to the lack of a macroscopic perspective. In the context of foreign exchange investment and trading, those situations where the capital can increase a hundredfold within a few months are mainly achieved by relying on high leverage rather than high-frequency short-term operations. The effectiveness of short-term foreign exchange investment trading is usually poor. Under the same trading system, there are situations where some people make profits and some people incur losses, and even the differences are extremely significant. In the same team, at the same time point for the same currency pair, some people go short and some people go long, and the result may be a win-win or a double loss. The weakness of short-term foreign exchange investment trading lies in the weak stop-loss ability, so it is difficult to achieve profitability.
For large-capital foreign exchange investors, if they come from a wealthy family, there will be no such widely spread counterattack story. Only those who start from scratch and rise from the grassroots can achieve a legend. Long-term foreign exchange investment trading should be the approach adopted by firm value investors, and they usually add positions when the trend experiences a pullback. The investment concept is more crucial than the trading system. When the capital scale is large and stable, it is possible to patiently wait and persevere.
The return rate expectations of large-capital foreign exchange investment are lower than those of small retail investors. Small retail investors expect their capital to double, while large-capital investors will be satisfied with a 20% return rate. Therefore, long-term investment is more suitable for the majority. Moreover, the test of value understanding and risk control ability in long-term investment is not difficult to understand. Long-term foreign exchange investment is not simply holding for several years or decades mechanically but is determined according to the fluctuation range.
Long-term foreign exchange investment taboos blind imitation and should be flexibly applied. When there is a carry trade opportunity, carry out the carry trade operation; when there is a bottom-fishing opportunity, resolutely bottom-fish; when there is a top-catching opportunity, promptly catch the top. Just holding for several years does not necessarily mean it is long-term investment; the key lies in reasonable returns.
Finally, a long-lived foreign exchange investor is itself an opportunity. As long as the mind is clear, the opportunity for wealth index growth exists because the older one is, the more valuable the experience becomes. Long-term investment is suitable for the longevity era. When one is old, it is difficult to frequently engage in short-term trading. Short-term trading is too tiring and easily causes health problems. The elderly also do not hinder them from becoming the leading figures of a powerful investment group. Long-term value investment can last a lifetime. In the longevity era, there will be more periodic big opportunities. Long-term investment is long-term in the sense of the fluctuation range of returns rather than simply in the time dimension.
In the traditional industry, people who frequently change careers rarely achieve significant accomplishments. Similarly, in the field of foreign exchange trading, frequent trading behaviors usually hardly bring success.
People often feel puzzled about why frequent trading is difficult to succeed. In fact, the answer to the question lies in the question itself. Frequent trading is easy to make people lose their direction, lose rationality, and even lead to physical and mental exhaustion. In the field of foreign exchange investment, there is a common understanding: short-term trading is very difficult to succeed, and frequent short-term trading is even more difficult. Short-term trading refers to the operation of buying and selling in a short period of time in order to expect to obtain profits quickly. This way usually does not require a large amount of initial capital or external financing. However, frequent trading is easy to make beginners feel frustrated and even give up trading due to continuous negative feedback. This rapid feedback loop is sometimes mistaken for gambling behavior, thus having a negative impact on its reputation.
In the field of foreign exchange investment, it is extremely rare to rely on short-term trading to achieve stable profits in the long term. The uncertainty of short-term trading is extremely high, similar to gambling. Although huge profits may be obtained in the short term, it often ends in losses in the long run. Those foreign exchange investors who focus on short-term trading must strictly abide by the rules of stop-profit and stop-loss and continue to operate. However, if they stop-loss frequently and do not have enough profits to offset, the funds in the account will soon be exhausted. What's worse, often after the stop-loss, the market will rebound again. Foreign exchange short-term traders may discover an effective short-term trading strategy in a certain period, but as time goes by, this strategy and trading system may become invalid, resulting in investors missing good opportunities or suffering losses. Fundamental analysis is necessary, but it cannot be overly relied on. It needs to be comprehensively considered in combination with the market environment. Technical analysis is important, but it is not invariable. Even if there are more strategies, if one persists in a single one, it is easy to cause capital losses.
In contrast, the holding period of foreign exchange long-term investment is longer and the trading frequency is lower. When trading is successfully carried out, foreign exchange investors are more likely to feel the joy of success. Long-term investment may involve overnight positions, which increases the risk of open positions. When the foreign exchange market is unfavorable and there is not enough floating profit to provide a buffer, investors may be forced to stop-loss, and in extreme cases, it may even lead to serious financial losses and then have an impact on mental health.
In the foreign exchange investment and trading market, there is a close relationship between the applicability of investment strategies and the scale of funds.
For investors with relatively small amounts of funds, short-term trading is often favored because it has high flexibility and the potential for quick returns. However, once the scale of funds increases, the limitations of short-term trading will gradually emerge. The reason is that the extension of market trends has certain limits. In this case, most investors will choose to turn to medium - and long-term or long-term strategies.
Long-term foreign exchange investment and trading has become the final choice of many successful investors, partly due to the limitations of market capacity and liquidity. As the amount of funds increases, the impact cost of short-term trading will rise correspondingly, and the difficulty of operation will also increase. While long-term investment can fully utilize market trends, thereby reducing the risks brought by operational errors.
In foreign exchange trading, long-term investment also faces challenges. It requires investors to have sufficient patience and accurate judgment of the long-term market trends. Its success largely depends on in-depth analysis of market fundamentals and careful selection of investment currency pairs.
For foreign exchange investment traders with relatively small amounts of funds, short-term trading may be a way to quickly accumulate capital. However, as the funds grow, it is necessary to adjust the strategy to adapt to market changes and then turn to long-term foreign exchange investment and trading.
In the field of foreign exchange investment and trading, there is no fixed success model. Different investors have different risk preferences, fund sizes, and understandings of the market. The key lies in finding a strategy suitable for oneself and being able to flexibly adjust to adapt to the foreign exchange investment and trading market.
When investors choose strategies, they should fully consider their own fund conditions, risk tolerance, and market environment. Short-term foreign exchange investment and trading is suitable for those who pursue quick returns and can bear higher risks, while long-term foreign exchange investment and trading is suitable for those foreign exchange investment traders who pursue stable growth and are willing to wait patiently.
Finally, in foreign exchange investment and trading, whether it is short-term investment or long-term investment, the key lies in formulating a trading model suitable for oneself and effectively controlling risks. The strategy that suits oneself is the best strategy, and continuous profitability and effective risk control are the key elements of investment success.
In foreign exchange investment trading strategies, the debate between short-term and long-term has always been like the controversy between the pursuit of quick returns in short-term trading and the pursuit of long-term value appreciation in long-term investment.
Short-term trading requires delicate operations, while long-term investment has the phenomenon of survivor bias. In fact, there is no inevitable connection between wealth accumulation and investment duration.
The success of long-term foreign exchange investment trading depends on an in-depth understanding of aspects such as national currency interest rates and international currency linkages. The success of short-term foreign exchange investment trading relies more on insights into human group behavior. Long-term investment failures are usually because foreign exchange investment traders show both cowardice and greed. They expect to avoid risks and also desire huge profits. Short-term foreign exchange investment traders fail mostly due to losses caused by chasing highs and selling lows. The bias that short-term trading is not profitable and long-term trading is easier to be profitable stems from the fact that long-term failures are not easily detected. Investors can attribute it to value investment and then increase their positions. Survivors of long-term investment will also promote the advantages of long-term investment. The success of short-term traders means that they have extremely high market analysis and understanding abilities. If the winning rate is lower than 90%, funds are easily exhausted, prone to failure, and easy to leave. This is the main reason for short-term traders to leave the foreign exchange market.
Short-term foreign exchange investment trading requires quick decision-making and action, and one must closely monitor the foreign exchange investment trading market. Frequent trading and high stop losses will gradually erode profits. It is not easy for short-term traders to achieve success. They need to face the complexity and uncertainty of the market. Short-term foreign exchange traders have a relatively high probability of success in a strong trend state, while in volatile or consolidating market conditions, they will waste time and funds. They often lack a macroscopic overall perspective. After years of frequent operations, they may gain nothing. The operating space for short-term trading is also relatively limited, and only frequent stop loss operations can be carried out.
Why not choose long-term foreign exchange investment? This is mainly because young people often have an impatient mindset, wanting to make money quickly and not willing to wait until old age to become rich. They only focus on immediate interests and ignore long-term planning. They are not willing to accept long-term and significant adjustments. However, this is the only way to obtain huge wealth. In intraday trading, most traders become victims of frequent trading. In theory, there is no superiority or inferiority between short-term and long-term trading. It is only a difference in holding periods. It is not realistic to turn short-term traders into long-term investors. This is not only because trading logic is difficult to change but also because they usually do not have a large amount of funds. But the amount of funds is not the main factor limiting short-term trading. Short-term and long-term trading each have their own characteristics and challenges. The key is for investors to choose a strategy suitable for themselves based on their own personalities, knowledge, and understanding of the market.
In the field of foreign exchange investment and trading, the operation at the micro level is generally the responsibility of foreign exchange investment traders, who focus on immediate price changes.
The speed of mastering this skill is relatively fast. By familiarizing with the trading system, they can achieve proficient operation in a relatively short period of time and then achieve stable profitability. The work at the macro level is undertaken by foreign exchange investment and trading analysts, which involves factors in multiple dimensions. The accumulation of knowledge in this field requires a long time period and can be improved by reading professional reports or listening to expert opinions. At the same time, it is necessary to avoid being influenced by non-professional analysts.
When foreign exchange investment traders achieve certain achievements at both micro and macro levels, often only a suitable opportunity is lacking for the accumulation of wealth. In the foreign exchange investment and trading market, successful investors can accurately grasp macro trends and continuously accumulate advantages at the micro level to achieve wealth growth. However, such opportunities are not common and difficult to predict. Most successful foreign exchange investment and trading teams have analysts formulate strategies, and foreign exchange investment traders operate on the basis of this strategy, such as adjusting positions and hedging risks.
Although many foreign exchange investment and trading enthusiasts have read a large number of books and learned various techniques, they are still in a state of loss. As people often say, no one is willing to achieve wealth growth slowly. Everyone is eager to master techniques to obtain wealth. In the process of learning trading, foreign exchange investment traders are even more tragic if they have learned many techniques but cannot be effectively applied than if they had not learned any techniques. The true meaning of foreign exchange investment and trading does not exist in books. Those who write books may not be able to make a living through trading. Therefore, answers should be sought from the foreign exchange investment and trading market. The foreign exchange investment and trading market is like a good teacher. Trading needs to be learned and trained in practice.
Sometimes, the process of foreign exchange investment and trading is similar to learning at school. Among many students, only a few can enter top universities. Those who cannot enter do not mean that they have not studied hard, but only that their strength may be lacking. The foreign exchange investment and trading market is highly competitive. Funds are usually increased by earning the funds of others. Investors compete with each other. They not only need to cover costs but also earn funds from others. This is a difficult task, so it is understandable that most people fail.
Most foreign exchange investment and trading books have problems. Either the people who write books do not conduct actual trading, or the people who conduct trading do not write books. In addition, even if the content of the book is correct, there may be a situation where the essence is not grasped but only details are focused on. After grasping the essence, it also needs to be flexibly applied. Some people mechanically execute the trading system, while others will think about how to optimize to reduce stop losses, increase returns, and improve trading strategies. The same thing can reflect the differences in people's levels.
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