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 investment and trading, various books introduce a variety of trading methods, including long-term, medium-term, short-term, and ultra-short-term value investment.

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At specific moments in foreign exchange investment and trading, these methods may give contradictory instructions, thereby causing investors to fall into a state of confusion and chaos. Eventually, investors may frequently conduct buying and selling operations when the market fluctuates slightly, unable to maintain logical coherence, and thus fall into a dilemma of continuous losses. This is mainly because investors have not yet constructed a trading strategy suitable for themselves, so it is difficult to obtain profits stably.
When reading foreign exchange investment and trading books, the correct approach should be to think while reading and deeply explore the profit-making logic behind the content described in the books. It is necessary to consider what kind of market conditions these methods are designed to cope with? What specific problems are they aimed to solve? What are their respective advantages and disadvantages? For each foreign exchange investment and trading book, an in-depth analysis attitude should be adopted, and comparisons should be made with each other, rather than just staying at the surface level of imitation. It is necessary to deeply understand the principles and essence behind them. Then, based on one's own personality characteristics and psychological tolerance, absorb the advantages of the methods introduced in the foreign exchange investment and trading books and construct a trading system suitable for oneself.
In the process of foreign exchange investment and trading, it is necessary to continuously conduct practice, summary, and reflection. It is necessary to conduct in-depth research on a large amount of perceptual materials, accurately recognize the real objective situation, and then summarize and conclude effective methods. Oppose the approach of only learning theory and not paying attention to practical problems. Through the way of continuous practice in the process of foreign exchange investment and trading, a set of trading strategies suitable for oneself can be gradually developed, so as to obtain profits stably in the market.

In the field of foreign exchange investment and trading, there is a crucial link between mastering knowledge and practical application, that is, practice.

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It should be clear that the key between "knowing" and "obtaining" lies in "doing", and this is precisely the fundamental reason for the failure of the vast majority of foreign exchange investment traders. Simply reading books related to foreign exchange investment and trading cannot truly guarantee a complete understanding and flexible application of the learned knowledge. Only through practical experience and in-depth reflection can knowledge be truly absorbed and transformed into practical skills that match personal characteristics. It should be recognized that if there is a lack of sufficient practical experience in foreign exchange investment and trading, it is difficult for foreign exchange investment traders to deeply understand the deep connotations in foreign exchange investment and trading books. Therefore, foreign exchange investment traders should not blindly rush for quick results. Instead, they should actively engage in practical activities, conduct more in-depth reflections, rather than simply relying on reading. The book knowledge of foreign exchange investment and trading needs to be verified and absorbed in the practice process. If there is a lack of practice, foreign exchange investment traders may fall into deeper confusion and even be bound by words, leading to counterproductive results.
In foreign exchange investment and trading, the ultimate goal of reading books is to acquire knowledge. The key to avoiding losses in the process of foreign exchange investment and trading lies in making correct market entry decisions. If losses become more severe while reading volume increases, this probably means that foreign exchange investment traders have not truly grasped the core essence of trading. The essence of foreign exchange investment and trading lies in accurately identifying the intentions of the main forces in the foreign exchange investment and trading market and making wise decisions. The theory that the main forces confuse retail investors in foreign exchange investment and trading through candlestick charts, although not strictly verified, seems to have certain rationality.
In the field of foreign exchange investment and trading, the accumulation of experience is more capable of promoting foreign exchange investment traders to mature than the passage of time. Foreign exchange investment and trading books are not scientific works. Many of their contents are not absolute truths and may even be completely wrong, thus misleading readers. Reading more such books may increase understanding of basic knowledge. However, this knowledge often has situations of repetition, plagiarism, and uselessness, or it is only basic cognition and there is a large gap with higher-level understanding, just like basic knowledge in primary school cannot be compared with graduate courses. Therefore, although reading can expand our knowledge, this knowledge often stays at a lower cognitive level and may seem powerless in practical operations. Foreign exchange investment and trading knowledge is like a double-edged sword. While enriching foreign exchange investment traders, it may also have a negative impact on them. Blindly believing in books is worse than not reading at all. Reading without thinking and without practice will only make people become slaves to books and never be able to understand the true meaning of books.
Foreign exchange investment and trading also need to have the same cognition and spirit as the ten-year process of cultivating doctors. However, it is regrettable that many people rush into the foreign exchange investment and trading market eagerly after only studying for a few days or half a year. They come with funds but end up losing funds and only leave behind loss-making experiences. Studying medicine is a systematic and gradual accumulation process. The medical field will eventually be divided into different specialties, such as dentistry, internal medicine, surgery, dermatology, obstetrics, anesthesiology, etc. Each specialty has its unique learning content, and no one can be proficient in all fields. In the field of foreign exchange investment and trading, people often learn various schools without selection. They use wave theory today, adopt Dow Theory tomorrow, and turn to fundamental analysis the day after tomorrow. Such an approach is difficult to avoid losses.

In the field of foreign exchange investment and trading, although reading a large number of books related to foreign exchange investment and trading can expand one's knowledge reserve, it may sometimes lead to greater losses. There are many reasons behind this seemingly contradictory phenomenon.

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First of all, there is an obvious gap between theoretical knowledge and practical operation. Book knowledge certainly has certain value. However, the foreign exchange investment and trading market is unpredictable, which requires traders to accumulate experience through practice in order to flexibly deal with various complex situations. Experience cannot be obtained only by reading. In the field of foreign exchange investment and trading, only through practical operation can one truly master the required skills. Inexperienced traders, even if they have read a large number of books, are very likely to face a greater risk of loss.
Secondly, mindset management occupies a crucial position in foreign exchange investment and trading. In the trading process involving money, an unstable mindset is prone to errors. Sometimes, excessive reading may make people overly confident, thus leading to increased losses in actual operations. The foreign exchange investment and trading market is extremely complex and covers many factors such as economy, politics, and society. It is very difficult to achieve a comprehensive and in-depth understanding only by reading books. If the understanding of the market is not deep enough, then decision-making will become extremely difficult.
Furthermore, risk management in foreign exchange investment and trading cannot be ignored. Some people only focus on profitability but overlook risk management. Without a reasonable risk management strategy, even if one has read a large number of books, it may still cause serious losses. Therefore, successful trading requires not only reading but also practice, accumulating experience, adjusting the mindset, comprehensively understanding the market, and implementing effective risk management. Merely reading a large number of books cannot ensure trading success. The key lies in implementing a strategy to the extreme.
Many foreign exchange investment and trading books are mostly narrative in content and may contain exaggerated elements. Even those books that claim to explain techniques have relatively limited practical effects. Some knowledge, especially the techniques that can generate stable profits, is difficult to express accurately in words. Reading a lot but still not achieving success may cause an incomprehensible sense of frustration. Foreign exchange investment traders should act according to their own abilities. The market situation is clearly in front of us, and observing the market is more rewarding than reading books. Books can only provide methods, and whether the methods are reasonable, whether they can be flexibly applied, and whether different methods can inspire and optimize each other are the most crucial issues. If a person can extract core methods from books like artificial intelligence and conduct verification, optimization, and improvement, then their analytical and logical thinking abilities will be significantly enhanced.
Finally, the success of foreign exchange investment and trading depends on an individual's methods and levels rather than the number of books read. The key lies in the quality of investment. The foreign exchange investment and trading market is a process that emphasizes logic and methods rather than relying on luck. Relying too much on books for trading is like an infant who has not been weaned. To put it another way, although reading books cannot directly bring profits, it is almost impossible to succeed without reading books. Books are static, while the market is dynamic. Methods that can bring profits may also lead to losses because profit and loss have the same source.

Success in the foreign exchange market is by no means easy and cannot be mastered by simply reading a few books.

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Foreign exchange investment and trading seem simple on the surface but are extremely complex in reality. The complexity stems from the uncertainty of human nature. If success could be ensured only by reading books, then everyone would be a winner in the foreign exchange market. The difficulty of foreign exchange trading lies in the fact that market ups and downs are intertwined and constantly changing, which poses a severe test to the patience and psychological endurance of traders. Many traders suffer continuous losses because they cannot overcome internal challenges. Most trading books only provide theoretical knowledge and cannot be directly converted into profits. They can only help traders master some basic concepts.
To achieve profitability, traders need to build a trading system suitable for themselves through practice, trading, and summarization. This is far more effective than simply reading books. The number of books read is not the same as the degree of understanding of the content in the books, and the ability to understand the content and apply it in practice also varies. If knowledge cannot be converted into practical application, then reading books is of no value. Different books usually focus on specific trading methods. Beginners who are eager for quick success and try to master multiple methods are prone to making wrong decisions, which further exacerbates the phenomenon of "the more you learn, the more mistakes you make". The view that reading more books leads to greater losses is wrong. Even if you read less, there may still be an aggravated situation of losses. The psychological mechanism behind this is similar to that of gamblers or defrauded people who are eager to recover their capital. This kind of psychology can make people lose their rationality and lead to worse trading performance.
For foreign exchange traders, no matter how much information they read or hear, it is not as good as practicing personally once. In trading and life, we should read more, listen more, practice more, and at the same time abandon unrealistic greed. Only in this way can we not deviate from the right path. Books provide theory. Just like learning to swim, if you don't practice in the water, you will never learn. Some people think that they can learn by reading books and then directly go swimming in rivers, while ignoring practice in swimming pools. This is very likely to lead to drowning. The knowledge in a trader's mind is not the same as the physical skill. Real masters are obtained through muscle memory and long-term practice. Even if their postures are not very standard, they are sufficient to deal with actual situations. This fully shows that practice is more important than theory. Theory is a summary of past practice and can only be used as a reference and cannot be completely relied on.

In the field of foreign exchange trading, the technical application strategy plays a crucial decisive role in trading effectiveness.

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If investors simply rely on technical analysis to blindly chase market trends, they are very likely to face the risk of failure. However, for investors who use technical analysis as an auxiliary tool for trading decisions and only operate under specific market conditions with a relatively high probability, their success probability will be significantly improved. Many traders in a loss-making state often attempt to capture every market opportunity, while successful traders will choose to limit their trading scope and focus on market dynamics with a relatively high probability of success. Technical analysis is actually a manifestation of the psychology of market participants and can reveal the psychological state of investors behind the charts. If there is a lack of in-depth insight and rich practical experience, it will be difficult to truly master the core essence of technical analysis.
The core of technical analysis focuses on price behavior, and the fluctuations in price jointly build an independent system. In the foreign exchange market, traders form prices through buying and selling activities. Once the price is determined, the importance of its value is relatively reduced because the price can change outside of the value. Even for items with no intrinsic value, as long as there is trading, the market will exist and the price will continue to change. As long as the foreign exchange market continues to trade, the price system will continue to exist. The connection with technical analysis lies in the fact that the foreign exchange market is essentially no different from other markets, only the trading objects and values are different. Technical analysis is actually an analysis of human behavior, rather than a simple price change. If this point is ignored, technical analysis will appear rather superficial.
The foreign exchange market is like a hunting game, and competition is ongoing at all times. The market is the maker of rules and follows the law of the survival of the fittest. Resources always flow to those who can use them most effectively. In theory, funds will eventually be controlled by the strong. The foreign exchange market is an ecosystem that follows the rule of the big fish eating the small fish. Technical analysis is one of the effective means to defeat other participants in this ecosystem. For ordinary traders, it may even be the only means. The knowledge involved in technical analysis is extremely extensive, but only a few contents are truly valuable and require extremely strong insight and rich knowledge reserves to understand.
Many people have achieved success in the foreign exchange market through technical analysis, but this path is not smooth. If you think you have the corresponding ability, you can give it a try. The foreign exchange market is a silent battlefield. If you are not well prepared, it is best not to involve in easily. Whether it is technical analysis or fundamental analysis, for each method, only a few people have mastered effective knowledge, a few people have advanced tools, and most people use relatively basic tools. Each path is full of challenges, and only a few people can obtain profits from it. There are no so-called chosen ones here, and foreign exchange traders are all ordinary people. If you think you have the ability of technical analysis, you can try to enter the market and test your own strength.

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+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

Mr. Zhang

China · Guangzhou