---

Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management

---



---

In the two-way trading world of forex, the path to stable profits doesn't rely on complex technical models or high-frequency trading techniques. Instead, traders often need to return to the "simple and steadfast" "hard-nosed" approach. The core of this approach is to abandon short-term speculative thinking and achieve cumulative returns through strict control of the trading rhythm and long-term adherence to the strategy.

---

Specifically, effective "hard-nosed" approaches fall into two main categories: one is to deploy a full position all at once and hold it for the long term, without using leverage; the other is to establish a trading system that suits one's risk tolerance and market understanding, patiently waiting for viable trading opportunities within that system. For example, employing a light-weight, long-term strategy involves diversifying into numerous small positions, gradually increasing and holding onto them as the trend progresses, until the account reaches the expected profit target, and then closing the position to secure the profit. These two methods may seem clumsy, lacking the flexibility and lucrative potential of short-term trading. However, they precisely align with the underlying principles of the long-term operation of the foreign exchange market. Their robustness and practicality are particularly prominent in the current market environment of weakening trends and narrowing volatility. The former leverages the long-term value of currencies to mitigate short-term volatility risks, while the latter balances risk and reward through position control and trend following. Both effectively mitigate losses caused by frequent trading or strategic fluctuations.
The effectiveness of the first "clumsy" method—the unleveraged, all-at-once, large-scale investment—lies at its core in the "mean reversion" characteristic common to major global currencies. In the foreign exchange market, short-term fluctuations in currency exchange rates are influenced by a complex interplay of factors, including subjective variables such as market sentiment and investor expectations (for example, the release of unexpected economic data from a country may trigger optimistic market expectations for its currency, driving a short-term rise in the exchange rate) and objective supply and demand factors such as international trade balances and the size of foreign exchange reserves (for example, sustained export growth in a country, leading to an increase in foreign exchange supply, may suppress the exchange rate). While these factors can push currency prices away from their intrinsic value (which is typically determined by core indicators such as a country's economic fundamentals, inflation levels, and interest rate policy) in the short term, they cannot permanently alter the currency's core value anchor. For example, a country's currency may experience excessive depreciation due to short-term market panic or become overvalued due to an influx of speculative funds. However, over the long term, the exchange rate will ultimately return to a reasonable level commensurate with the country's economic strength. This is a concrete manifestation of mean reversion. Without the use of leverage, even if a trader misjudges the currency's short-term trends and incurs a paper loss after entering a position, there is no need to worry about the risk of a margin call caused by the leverage amplification effect. The loss will be strictly limited to the principal. Over time, as the currency price gradually returns to its intrinsic value, the previous paper loss may not only be gradually offset but may even be converted into positive returns. However, the successful implementation of this approach requires a key prerequisite: the overnight interest rate spread of the currency must not be excessively negative. If the overnight interest rate spread of a currency pair remains significantly negative for an extended period, the interest costs incurred during long-term holding may continue to erode the account principal. Even if the exchange rate eventually returns to positive territory, this may be offset by the interest losses, or even result in an overall loss. Therefore, it is important to assess the overnight interest rate spread before choosing a currency pair to trade.
Let's look at the second "dumb" approach—a strategy of holding a small position for the long term and gradually increasing the position. Its underlying logic is also based on the fundamental principle of the foreign exchange market: currency prices fluctuate around intrinsic value. Furthermore, position management further strengthens risk mitigation. Unlike a single, heavy investment, this strategy emphasizes a combination of "diversification" and "trend following." Initially establishing a position with a light position limits losses on individual trades in the event of a trend misjudgment, while also leaving room for subsequent increases if the trend aligns with expectations. Once the trend is confirmed to align with the path of return to intrinsic value (for example, if a currency enters a long-term appreciation phase due to improving economic fundamentals, and the exchange rate hasn't deviated significantly from its intrinsic value), gradually increasing the position in batches maximizes the gains from the trend while avoiding the risk concentration associated with a single, all-inclusive increase. The mean-reversion property suggests that while subjective expectations, supply-demand imbalances, and other factors may cause currency prices to fluctuate in the short term, the long-term trend of major global currencies will consistently converge toward their intrinsic value, providing certainty for long-term holding. Even if short-term pullbacks occur during the process of increasing positions, a light position mitigates the psychological pressure of unrealized losses and helps traders adhere to their strategies and wait for price recovery. It's also important to consider the impact of overnight interest rate differentials. If the overnight interest rate differential is positive during long-term holding, the continued interest income can bring additional value to the account. If the differential is negative, it's important to balance the interest cost with the potential exchange rate gains to avoid undermining the strategy's profitability due to excessive costs. Furthermore, this strategy requires a higher level of patience and discipline from the trader. From initial position establishment to full trend development and profit target achievement, it often takes months or even years, potentially facing numerous short-term fluctuations. Only by strictly adhering to the discipline of "not closing a position until the target is reached" can one truly "let profits run" and ultimately reap substantial returns through continued position expansion and long-term holding.
Overall, while these two "simplistic" methods have different operational logics, they both fundamentally respect and apply the "long-term laws of the foreign exchange market." The former leverages the mean-reversion nature of currencies to mitigate short-term fluctuations through "no leverage and long-term holding." The latter, based on mean reversion, balances risk and reward through "light positions and increasing positions." Their common core is to abandon the illusion of short-term profits in favor of long-term, stable returns. Against the backdrop of ongoing global central bank intervention and weakening market trends, these "hard-nosed" methods, compared to strategies that rely on short-term breakouts or high-frequency trading, can help traders avoid market pitfalls and achieve steady account growth. This is because they don't require traders to precisely capture every short-term fluctuation. Instead, they simplify trading decisions into a clear "open-hold-close" process by understanding long-term trends and currency values. This reduces the chance of errors caused by complex strategies or frequent operations, and is the key reason for their enduring vitality in forex trading.

In the two-way nature of forex trading, the stable profits of successful forex traders aren't derived from one-time statistics, but rather from the accumulation of countless trades. This profit model isn't achieved overnight; it's gradually achieved through long-term, sustained trading practice.

---

Immature forex traders often mistakenly believe that stable profits mean a high win rate and a large profit-loss ratio, and even expect to achieve returns that are several times greater than their original value within a single year. However, this expectation is unrealistic in actual trading and often leads to overtrading and frequent losses.
The actual model for stable profits for mature, successful long-term traders is quite different. Their profit-making process is more like patiently cultivating the market, experiencing countless small losses and small gains. Eventually, when a major market trend emerges, they leverage their long-term, accumulated, light-weight positions to achieve a wave of substantial gains. This strategy requires traders to possess a high degree of patience and discipline, able to remain calm amidst market fluctuations and not be swayed by short-term gains and losses.
Many strategies in forex trading can indeed generate stable profits, but these strategies often require time to prove their effectiveness. While experienced traders are willing to share their success stories, these experiences are often difficult for most retail traders with small capital to replicate. Forex trading is a process of building from scratch and then continuously accumulating results, requiring traders to persevere through tedious, repetitive processes. This repetition is not easy, and many traders find the monotony unbearable and ultimately give up.
Forex traders must be aware that short-term trading not only makes it difficult to achieve stable profits, but can actually lead to consistent losses. It's no coincidence that the vast majority of those who lose money in the forex market are retail traders with small capital. A key reason is that most retail traders tend to choose short-term trading. They hope to reap high profits through quick trades, but often overlook the complexity and risks of the market. This impulsive mentality leads them to make frequent mistakes amidst market fluctuations, ultimately leading to losses.

In the two-way trading world of forex, there's no single source of motivation or path for traders to acquire core experience and expertise. Based on market practice, there are two main types: One is to experience significant losses and then, through a process of "reflection and proactive cultivation," drive self-improvement, building a knowledge system through painful practical lessons. The other is to fortuitously encounter an investment expert with deep practical experience (or "noble person"), whose targeted guidance helps them avoid detours and accelerate their improvement.

---

Though these two paths differ in their starting points and processes, both essentially rely on the trader's own subjective initiative. The former relies on "the unwillingness and determination to accept losses," while the latter relies on "a humble learning attitude and the ability to seize opportunities." Together, these two paths constitute the key pathway for traders to advance from "novice" to "professional," differing only significantly in terms of time cost and growth efficiency.
From the perspective of the first core path, "Loss-Driven Learning," a trader's reactions and actions after experiencing a significant loss often directly determine whether they can truly learn from their failure. Normally, the psychological impact and motivation for action brought about by such losses will show obvious differences depending on the "source attributes" of the losing funds: if the lost funds are previous profits from the foreign exchange market, the trader's "pain" of the loss is relatively weak, and he or she may subconsciously regard it as "normal market feedback", and thus lack a strong determination to deeply explore the root causes of the loss. The motivation for learning often remains at the level of "superficial review", and it is difficult to touch the core loopholes of the trading system; but if the lost funds come from the "hard-earned money" accumulated from decades of running factories or enterprises, the situation is completely different. This type of funds carries the trader's long-term efforts and dedication. The loss brings not only financial pressure, but also "reluctance" to give up past efforts. This emotion will be transformed into extraordinary determination and perseverance, driving the trader to "understand the truth of foreign exchange trading", not only to find out the specific reasons for the losses (such as strategic logic flaws, lack of risk control, unbalanced mentality management, etc.), but also to systematically make up for his or her own shortcomings in professional ability. Driven by this powerful motivation, traders will proactively invest significant time and energy in deeply studying the full breadth of forex trading—from fundamental currency pair characteristics and macroeconomic indicator interpretation to advanced technical analysis tools, trend prediction logic, and advanced trading psychology and money management strategies. They even review every losing trade, breaking down details like entry timing, holding mentality, and closing decisions frame by frame to identify irrational behavior and systemic flaws. This learning process often spans over a decade, undergoing multiple cycles of theoretical study, simulation validation, small-scale real-world trial and error, and large-scale practical optimization. However, as long as one maintains a firm belief in "recovering losses and regaining hard-earned profits," they will likely achieve a qualitative transformation in their trading capabilities and develop a stable, profitable system that suits them. This will, however, come at a significant cost in both time and opportunity.
Looking at the second path, "guidance from a noble person," this is essentially a "low-probability, high-efficiency" growth model, centered on the dual influence of "serendipity" and personal attitude. A typical scenario for this type of approach is that traders, throughout their long journey of exploration, maintain a humble learning attitude, adhering to a philosophy of "visiting renowned teachers and paying homage to everyone they meet," never disregarding any potential learning partner, and even proactively seeking advice from seemingly ordinary industry professionals. It's this open-mindedness that allows them to occasionally encounter a forex trading master with top-tier practical skills but a low-key presence (similar to the "master disguised as a sweeping monk" in martial arts novels). Such masters, drawing on their extensive market experience, often quickly discern a trader's core issues: identifying fatal flaws in trading habits from past trading experiences, identifying psychological weaknesses from psychological manifestations (such as the interference of emotions like greed, fear, and arrogance in decision-making), and pointing out flaws in strategy logic from technical applications (such as unclear trend judgment criteria and inappropriate stop-loss and take-profit settings). They then provide targeted "diagnostic solutions" and "improvement paths"—for example, helping traders restructure the core logic of their trading systems, correcting misconceptions in fund management, or providing strategies for adjusting their mindset to cope with extreme market conditions. This precise guidance can help traders avoid the cognitive misunderstandings and practical pitfalls that most novices fall into, compressing a growth cycle that might otherwise take ten years into a few years, allowing them to quickly progress from "immaturity" to "professionalism," and even grow into successful investors capable of achieving substantial profits. However, it's important to understand that acquiring these opportunities is highly dependent on "luck," and the prerequisite for this luck is the trader's own "humility." If a trader is arrogant, prejudiced against others' opinions, or even "dislikes everyone," they will actively block potential guidance opportunities. Even if there are true trading masters around them, they may find it difficult to recognize their value, ultimately missing out on the opportunity to avoid detours. Such traders' growth paths often revert to a long, loss-driven cycle, and they may even be unable to break through bottlenecks in their abilities due to their continued arrogance and stubbornness.
Overall, while these two paths to acquiring experience and skills have their own unique characteristics, they both reveal the core principle of advanced forex trading: whether it's "deepening your practice after a loss" or "seeking guidance from a mentor," ultimately improving your skills lies in the trader's own "subjective willingness"—the former requires a "determination to never accept failure" to support long-term learning, while the latter requires a "humility" to seize potential opportunities. Market practice shows that most traders' growth begins with "loss-driven" growth, as the chance of "mentoring from a mentor" is extremely low. Only traders who maintain a passion for learning and proactively reflect after experiencing losses are likely to, after building a solid foundation, develop the ability to identify and seize "opportunities from mentors." Conversely, those who choose to give up or complain after a loss, or who consistently treat the market and others with arrogance, will find it difficult to achieve true growth. Therefore, for most forex traders, the primary task is to recognize the value of losses, transforming them into motivation for learning while maintaining an open and humble attitude. Only in this way can one find the right path for advancement between the two growth paths and gradually build their own professional trading capabilities.

In forex trading, adopting a long-term strategy with a small position size can relatively minimize the impact of both floating losses and floating gains.

---

The core of this strategy lies in participating in the market with a steady mindset and a long-term perspective, rather than being swayed by short-term price fluctuations. By operating with a small position size, traders can effectively reduce the risk of individual trades, and even if adverse market fluctuations occur, they will not significantly impact their overall capital. Furthermore, a long-term approach allows traders to patiently wait for market trends to form and continue, thereby accumulating substantial profits over a longer period of time.
In contrast, forex traders who employ heavy, short-term positions need to pay close attention to floating losses, as excessively large positions significantly increase the risk of a margin call. However, over the past decade, participation in short-term forex trading has dwindled, and the global forex investment market has become increasingly quiet. This is primarily due to the significant weakening of the trending nature of forex currencies. Major central banks worldwide have generally implemented low or even negative interest rates, and interest rates for major currencies are closely linked to those of the US dollar, resulting in relatively stable currency values ​​and a lack of clear trends. Currencies tend to fluctuate within narrow ranges, making it difficult for short-term traders to find sufficient opportunities for profit. In this market environment, heavy, short-term trading not only fails to protect against short-term market fluctuations, but can also lead to frequent losses due to emotional decisions.
In contrast, traders who adopt a light, long-term strategy are more prudent. They avoid rushing for quick results and patiently wait for market opportunities. When floating profits are significant, they gradually increase their positions, achieving long-term wealth growth through the accumulation of small, steady profits. This strategy not only effectively mitigates the fear of floating losses, but also curbs the greed that arises from floating profits. Traders can face market fluctuations with a more calm and rational attitude, thereby achieving sustainable development in the complex and volatile foreign exchange market.

In the two-way trading landscape of foreign exchange investment, long-term carry investing, as a strategy that leverages interest rate differentials and long-term currency trends, offers unique advantages. In particular, long-term carry investing that pairs new currencies with the Japanese yen not only provides traders with an effective path to steady wealth growth but also caters to their leisure and wellness needs.

---

This strategy eliminates the need for frequent market monitoring and trading. By selecting appropriate currency pairs and holding long-term positions, traders can earn consistent interest rate differentials while avoiding the psychological pressure of short-term volatility. This allows traders to achieve asset appreciation with relative ease, making it a high-quality investment option that balances returns with quality of life.
From an investment perspective, "sitting at home on the couch and easily clicking the mouse to achieve substantial profits" is the ultimate aspiration for most traders. While this "passive income" investment approach may seem idealistic, long-term carry investing is undoubtedly one of the strategies that most closely aligns with this goal. Its core principle is to buy high-interest currencies (such as the currencies of some emerging countries, which often maintain high interest rates due to economic development needs or monetary policy) and sell low-interest currencies (such as the Japanese yen, which has long maintained low or even zero interest rates and possesses stable low-interest properties). Holding these positions for a long time allows investors to earn consistent overnight interest rate differentials between the two currencies while also profiting from exchange rate fluctuations based on the long-term exchange rate trends of the two currencies, creating a dual profit stream of "interest rate differential + exchange rate." This profit model doesn't rely on accurate predictions of short-term market fluctuations, nor does it require a significant investment of time for market tracking and trading decisions. Traders only need to initially screen currency pairs, plan their positions, and assess risk. Subsequently, they can gradually accumulate returns through long-term holdings. This significantly reduces the impact of investment operations on daily life, truly achieving the balance between investment and daily life, and perfectly aligning with the need for "leisure and wellness."
Based on market practice and currency characteristics, Japan, as the country with the largest number of retail traders globally, offers valuable insights into the investment choices of its retail investor community. Japanese retail investors rarely engage in short-term trading, instead generally preferring long-term carry investments. This phenomenon not only dispels the stereotype that most retail investors are market losers, but also demonstrates the feasibility and appeal of long-term carry investments. The core reason Japanese retail investors choose this strategy is the visibility and calculability of returns from long-term carry investments: interest rate differentials can be calculated in advance using the overnight interest rate differential between currency pairs, making the cumulative interest rate differential from long-term holdings clear and controllable. While the potential gains from exchange rate fluctuations are uncertain, analyzing the currency pair's long-term fundamentals (such as economic growth, inflation levels, and monetary policy trends) allows for reasonable expectations of exchange rate trends, mitigating the risk of unknown returns. Furthermore, currency pairs suitable for long-term carry investments often exhibit relatively stable volatility. For example, the Swiss franc and the Japanese yen are both characterized by narrow fluctuations. Influenced by the Swiss National Bank's policy intervention and its inherent safe-haven properties, the Swiss franc's exchange rate fluctuates very little throughout the year, even approaching the stability of fixed-rate currencies. While the Japanese yen exhibits slightly greater volatility than the Swiss franc, it maintains a low interest rate over a long period of time, and its exchange rate fluctuations exhibit both cyclicality and trend characteristics. Pairing the yen with a high-yielding currency offers both the potential to generate interest rate differentials through stable, low interest rates and the ability to generate additional returns through relatively predictable exchange rate trends. Therefore, pairing the yen with high-yielding currencies remains a popular choice in the global carry investment market.
However, long-term carry investing is not without its challenges. This is particularly true given the narrow range-bound nature of the global foreign exchange market over the past two decades, with frequent fluctuations in the exchange rates of major currency pairs. This has led some traders to question the suitability of forex for multi-year, long-term investments. This skepticism is particularly pronounced in long-term carry investing in niche currency pairs: when significant drawdowns occur during the holding period, traders can easily become anxious. While the stable monthly interest rate differentials yield cumulative returns, and the currency pair's current price is within its historical bottom or top range, fundamentals and interest rate differentials support long-term holdings, the transmission of fluctuations in related currency pairs (different currency pairs in the foreign exchange market exhibit complex linkages, and significant fluctuations in a major currency pair can be transmitted through exchange rate conversion and market sentiment, triggering price adjustments in smaller currency pairs) can lead to short-term price pullbacks in the currency pairs held. This often leaves traders caught in a dilemma: unwilling to close their positions (for fear of missing out on subsequent gains) but uneasy about holding onto them (for fear of a further drawdown, leading to losses). Holding onto their positions becomes a struggle.
From another perspective, however, this challenge also holds positive implications. On the one hand, niche currency pairs, due to their low market attention, are virtually free of related commentary and news, effectively preventing traders from making irrational position adjustments influenced by external information and reducing the impact of emotional fluctuations on strategy execution. On the other hand, drawdown periods are a crucial test of a trader's psychological fortitude and strategic conviction. As long as the initial investment logic (such as interest rate differential stability, currency pair fundamental support, and long-term trend analysis) is not fundamentally flawed, short-term drawdowns are essentially part of normal market fluctuations. Holding on firmly to positions during these times not only allows traders to continue to profit from interest rate differentials but also allows them to wait for the exchange rate to return to a reasonable range, ultimately reaping the benefits of both. Therefore, in long-term carry investing, a trader's psychological fortitude and strategic focus are crucial. Only by maintaining rationality in the face of short-term fluctuations and adhering to proven investment logic can one fully leverage the advantages of long-term carry investing, achieve steady wealth growth over the long term, and truly enjoy the "relaxation and wellness" investment experience.
Overall, long-term carry investments pairing new national currencies with the Japanese yen offer significant practical value in the current foreign exchange market environment. Their low operational effort and high, stable returns meet both the core needs of wealth growth and the pursuit of a leisurely and healthy lifestyle. Furthermore, when facing challenges like short-term drawdowns, as long as traders maintain firm strategic conviction and a healthy mindset, they can effectively mitigate risks and fully tap into the dual profit potential of "interest rate differentials + exchange rates," making them a highly competitive long-term investment strategy in two-way foreign exchange trading.

---

---

• 
• 

---

13711580480@139.com

+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

z.x.n@139.com

Mr. Z-X-N

China · Guangzhou

---