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

In the field of foreign exchange trading, many highly educated practitioners from other industries often perform worse than entrepreneurs with lower educational backgrounds.

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There are significant differences in their understanding and control of risks. Employees usually tend to avoid risks, while entrepreneurs are relatively more risk-tolerant.
The same is true in the identification of foreign exchange investment and trading books. Highly educated people with an employee mindset are more likely to firmly believe in the effectiveness of books. However, in this regard, a high education level may instead cause misdirection. Entrepreneurs with lower educational backgrounds are relatively less convinced of the powerful role of books. They pay more attention to the value of practice and actual combat.
When reading foreign exchange investment and trading books, one should have a critical thinking. Since books represent the author's views, they need to be discriminated. At the same time, the books themselves should also be examined. Blindly believing in books is an irrational behavior. Generally, when a method is really effective, the author usually will not write a book about it. The completion of a book is often because the benefit from selling the book exceeds the benefit that can be obtained by using the method. Sometimes, the methods in the book are of no value to the readers. The author is only for selling the book, and such books are better not read.
When reading foreign exchange investment and trading books, if you feel that trading has become simple, then you need to be vigilant because nothing in the world is so simple. Some foreign exchange investment and trading technical books often choose trending market conditions as examples, which can easily mislead readers. In fact, the market is in a consolidation state most of the time. Everyone longs for big market conditions, but it is unrealistic to claim that every big market condition can be captured by the methods in the book. The real big market conditions in the market are extremely rare every year. Operating according to the methods in the book often leads to errors because the signals of true and false trends are the same in the initial stage and need to be distinguished through actual trading. Books that frequently use rare big market conditions as examples are best avoided because believing their content is likely to lead to losses. The existence of the speculative market is based on the existence of risks, not the popularization of technology. Trading technology is the analysis of market conditions and has strong personalized characteristics. If there is a technology that can ensure that a certain price will definitely rise, then no one will sell at this price. Without buying and selling, the market will hardly survive.
Foreign exchange investment and trading is not only a technical issue but also involves multiple dimensions such as capital, mentality, and execution. Excellent technology requires capital support, abundant capital requires a good mentality, and a stable mentality requires strong execution. The lack of any one link can easily turn a profit into a loss. It is extremely naive to think that there will be no loss just by knowing some technology.
In foreign exchange investment and trading, there is no cost-free situation. If you think there is no cost, it may be that you do not fully understand it or may even have fallen into a scam. The costs of foreign exchange investment and trading include margin, which is actually a kind of liability. In addition, the same signals of true and false trends will bring the cost of trial and error, that is, losses. The superposition of these two risks can easily lead to significant losses of funds. People who overuse leverage often suffer such losses.
In foreign exchange investment and trading, losses are inevitable. The key lies in turning losses into valuable lessons. If there is a misoperation, it should not affect the mood and the decision-making of the next transaction. If the operation is correct, one should be able to obtain a potential profit of more than three times. If the loss is really necessary, it also has value because obtaining experience from it is also a kind of gain. What is terrifying is not recognizing the necessity of losses or being unwilling to bear any losses.

From a professional perspective, the so-called employee mindset refers to the group of people who rely on working for others to receive a fixed monthly salary to maintain their livelihood.

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They face relatively small risks and usually do not need to take the initiative to take risks. If there is no income for a month, they will fall into extreme panic and even dare not ask for leave. Losing one day's income may make them feel uneasy. The entrepreneurial mindset, on the other hand, is the mindset of those who work for themselves without a fixed monthly salary and must find their own ways to make a living. They are almost always at risk and are taking risks from beginning to end. They may have no income for a long period of time. At this time, they must endure hardships and persevere, and have the mental preparation of "not opening for three years, but making a profit for ten years once opened".
In the field of foreign exchange trading, many highly educated practitioners from other industries often perform worse than entrepreneurs with low educational backgrounds. There are significant differences in their understanding and control of risks. Employees usually tend to avoid risks, while entrepreneurs relatively have stronger risk tolerance. The same is true in the discrimination of foreign exchange investment and trading books. Highly educated people with an employee mindset are more likely to firmly believe in the effectiveness of books. However, in this regard, a high education level may instead cause misdirection. Entrepreneurs with low educational backgrounds are relatively less convinced of the powerful role of books, and they pay more attention to the value of practice and actual combat.
Analyzing from the perspective of high probability, even if an entrepreneur with a poor mindset enters the foreign exchange investment and trading market, their mindset is better than that of an employee. Because entrepreneurs have been forced to practice and adapt to the ability to take risks, and fate has urged them to learn the awareness of taking risks. And even if an employee with a good mindset enters the foreign exchange investment and trading market, their mindset is also difficult to compare with that of an entrepreneur, because they have not experienced risks and do not want to take risks, and they are in a blank state in terms of risk-taking.
Of course, even if a successful entrepreneur enters the foreign exchange investment and trading market, although they have advantages in risk control and mindset, they also have shortcomings in fund management. Because independent entrepreneurs earn hard-earned money, which is not easy to come by and they are unwilling to lose it. Therefore, they will be more cautious in fund control, dare not fight boldly, and are easy to miss good opportunities in the face of major market trends. Therefore, timid funds are difficult to succeed. Even if they have achieved financial freedom before entering the foreign exchange investment and trading market, it is also difficult to achieve wealth freedom and the opportunity to be on the wealth list.

In foreign exchange investment and trading, overly relying on book knowledge while ignoring practice is undoubtedly abandoning the real learning opportunity.

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Although being familiar with military strategies can provide profound insights at the strategic level, if lacking practical experience, it is still difficult to achieve victory on this "battlefield". In the field of foreign exchange investment and trading, theoretical knowledge often lags behind the development process of the market. Therefore, relying only on outdated book knowledge to cope with the rapidly changing market is difficult to achieve the profit goal.
The success in the field of foreign exchange investment and trading does not solely depend on reading a large number of books or mastering numerous techniques. The definition of success varies from individual to individual, but it usually means achieving profitability in the long term, steadily increasing the net worth of wealth and reaping rewards at the end of the year, rather than being in vain in the fluctuations of the foreign exchange investment and trading market. To achieve this goal, the key lies in accurately judging the market trend and conducting buying and selling operations at the appropriate time. However, even if the extension of the trend is correctly predicted during the fluctuation of foreign exchange currency prices, it may also need to go through a long period of no income. Therefore, both correct judgment of the foreign exchange investment and trading market and the grasp of timing are of crucial importance. Only by organically combining these two points can success in the market be ensured. Obviously, this is not an easy thing. If it could be achieved simply by reading trading books and learning techniques, then the foreign exchange investment and trading market would be full of winners.

In the field of foreign exchange investment and trading, there is a significant difference between book knowledge and practical operation.

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Although the industry is not short of academic elites and highly educated talents, success is not solely determined by academic achievements. In the initial stage of foreign exchange investment traders, due to the lack of systematic knowledge, they will try to learn the technical indicators of the foreign exchange investment and trading market and the currency history of mainstream countries. However, foreign exchange investment traders will gradually realize that these knowledge are not practically useful for achieving stable profits, because technical indicators reflect past market trends rather than predictions for the future.
Therefore, foreign exchange investment traders will abandon these traditional tools and turn to develop their own technical systems. In the foreign exchange investment and trading industry, what is really needed is innovation ability, not just learning ability. Capable people usually do not choose to write books, because even if the content is extremely excellent, if there is a lack of popularity, it is difficult to attract readers. Communicating with successful foreign exchange investment traders and successful people who really rely on trading to make profits is the shortcut to achieve rapid improvement and move towards success.
Foreign exchange investment and trading cannot become a master just by reading books. Books can only expand the scope of knowledge, while real experience needs to be accumulated through actual combat. Many theorists are no different from beginners in actual operation because they lack the experience of practical application of knowledge. Most foreign exchange investment and trading books can only provide basic knowledge and may be helpful to readers with a certain foundation, but once those public foreign exchange investment and trading methods are made public, it often means that they have become ineffective. In foreign exchange investment and trading, those who make money earn the losses of those who lose money. If you use public methods, your operations will be completely mastered by the opponents, thus losing the chance of winning.
The loss in foreign exchange investment and trading is not the fault of reading, but the problem of the type of books selected and personal understanding. Reading can help us understand the rules and principles of the foreign exchange investment and trading market, provide solutions, stimulate thinking and expand horizons, but this needs to be combined with personal experience and practice. In the field of foreign exchange investment and trading, practice is the only criterion for testing truth. If both theory and practice are not clear, then success will be more difficult. Choosing the right books is extremely important because the market is full of a large amount of useless information. Foreign exchange investment and trading requires pure and consistent values, and multiple sets of values will lead to confusion and wrong decisions.
Reading orthodox foreign exchange investment and trading books can firm the mind and remove ambiguous concepts, just like removing impurities in steel forging. Foreign exchange investment traders should spend a lot of time screening out some valuable books, which are the materials for insiders to learn. If foreign exchange investment traders have not read these books yet, then you may need to be more cautious in choosing your own learning materials.

In the field of foreign exchange investment and trading, reading books related to foreign exchange investment and trading may not necessarily bring direct economic benefits.

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Although it can provide a certain degree of comfort at the psychological level, its effect is relatively limited. If one cannot deeply understand the content when reading, then as the amount of information contacted increases, the concepts are very likely to become chaotic. Reading is sometimes like a placebo, unable to directly solve practical problems, but it can provide the power to persist when people are confused. However, only through continuous persistence is it possible to enlighten wisdom. However, many people, due to the limitations of lifespan and comprehension, are difficult to obtain this kind of enlightenment and thus fall into the state of mechanical reading. Excellent foreign exchange investment and trading books are only part of the factors for success, and successful people usually keep learning throughout their lives. Reading too much but having a shallow understanding of the books is one of the main problems. This situation will make people stay in the imitation stage. Because they cannot grasp the essence, the more they read and imitate, the easier it is to have conflicts, which in turn leads to difficulties in decision-making, lack of clear standards or blurred standards, and finally results in slow trading, continuous mistakes and losses. The solution lies in focusing on one method, repeatedly reading a foreign exchange investment and trading book, and practicing the correct method to achieve proficiency. Only when fully understanding its advantages and disadvantages and being able to use it freely can one achieve profitability.
If imitating the author's foreign exchange investment and trading method can continuously make a profit, then why would the author bother to write books? Wouldn't it be okay to obtain wealth directly through trading? Some foreign exchange investment transactions mostly adopt breakthrough strategies and are relatively suitable for trend-following trading because this method is relatively simple and easy to understand. However, most foreign exchange investment traders are not suitable for the breakthrough trading method, and they are difficult to understand the essence of it. Many books cannot help people realize the pre-judgment from the post-event and in-event situations, which requires a process from simple to complex and then to simple. Although those incomplete trading methods in the books may make money, the risk is relatively large and it is impossible to understand the essence of fluctuations. When conducting foreign exchange investment and trading, innovation is needed. Don't think that the authors who write books are masters. They may just have found some sporadic techniques. If these methods are really effective, they would have achieved wealth accumulation long ago. Among the many theories in the foreign exchange investment and trading market, few people conduct in-depth research on aspects such as band fluctuation amplitude and intraday fluctuation amplitude, and this is the core challenge. Conducting foreign exchange investment and trading can make investors realize the value of life. The analysis tools that match the price fluctuations and conform to the highs and lows are very important. The changes in foreign exchange investment and trading are not complicated, but innovators are extremely rare.

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+86 137 1158 0480

+86 137 1158 0480

Mr. Zhang

China · Guangzhou