Forex investment experience sharing, Forex account managed and trading.
MAM | PAMM | POA.
Forex prop firm | Asset management company | Personal large funds.
Formal starting from $500,000, test starting from $50,000.
Profits are shared by half (50%), and losses are shared by a quarter (25%).
Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management
Foreign exchange traders must pass the psychological test.
The first test: let go of the obsession of getting rich overnight.
The first psychological test faced by foreign exchange traders is to let go of the obsession of getting rich overnight. Those traders who can first let go of the obsession of retaliatory trading are often the first to achieve financial freedom. The accumulation of wealth is a gradual process, just like a snowball, which needs to be accumulated continuously. The idea of getting rich overnight is not only unrealistic, but also easy to lead to impulsive trading, which will eventually lead to greater losses. Only by maintaining patience and gradually accumulating can you achieve long-term success in foreign exchange investment trading.
The second test: accept the pain of frequent stop losses.
Frequent stop losses are the second psychological test faced by foreign exchange traders. Stop losses are like a sharp blade, which directly hurts the self-esteem and self-confidence of traders. Many traders will doubt their abilities and even give up trading because of mistakes. However, successful traders understand that losses are part of foreign exchange investment trading, and accepting losses is the premise for continuous improvement. They see stop losses as part of risk management, not a sign of failure.
The third test: Overcoming greed and fear.
Greed and fear are the third psychological test for forex traders. These two emotions often lead people to make wrong choices, leading to repeated mistakes. Successful traders are able to transcend these emotions and always trade according to the plan. The real victory is not to beat the market, but to overcome the conflict in one's heart. Forex traders need to bear all this alone, and excellent traders often need to walk alone on the road to success. In the face of doubts and confusion from others, they stick to their judgment and eventually survive the adversity of forex trading.
The fourth test: Firmly implement your own judgment and decision.
The last psychological test for forex traders is to firmly implement their own judgment and decision. Setting a stop loss is not difficult, but it is difficult to implement it, and it is even more difficult to strictly implement it. Traders are always affected by various factors, including market fluctuations, emotional interference, etc. Successful traders will integrate probability into their mission. They are not competing on who is smarter, but who has more execution, action and judgment. Only by firmly executing your trading plan can you succeed in a complex market.
In foreign exchange investment trading, the market itself is actually very simple, but the human nature of traders is extremely complex.
It is the complexity of human nature that makes the market complex. Many traders try to increase their confidence through complex trading systems and numerous indicators, but this complexity often leads to difficult decisions and difficult execution. In fact, the more complex the trading system, the more difficult it is to use effectively, which shows that the trading system itself is unhealthy.
Foreign exchange investment trading strategies that can truly achieve stable profits are often very simple. For example, moving average crossover is a simple and effective strategy. Successful traders can make clear decisions without thinking too much. The simplest answer is often in line with the laws of nature, while the most complex answer is in line with human nature. Those traders who think more often find it more difficult to find the answer.
When successful foreign exchange investment traders introduce the simplest trading system to novices, novices usually don't believe it. On the contrary, if the trading system is described as complex, novices may feel that these complex systems are more valuable. But in fact, it is human nature, not the trading system, that is complex.
For new foreign exchange traders, if they eventually stay in the market and successfully transform into mature traders, their growth path is usually simple first, then complex, and finally back to simplicity. Due to the complexity of human nature, this process may be inevitable. Newbies may be attracted to simple strategies at first, but as they gain experience, they may try more complex systems. In the end, they will realize that the simplest strategies are often the most effective.
Foreign exchange traders wait for good opportunities: the wisdom of foreign exchange trading.
In foreign exchange trading, good opportunities often come through patient waiting, not through aimless frequent trading. Waiting does not mean inaction, but through careful planning and strategic layout to capture the most favorable entry opportunities in the market.
Short-term entry method: breakthrough and momentum.
Breakthrough opportunities in the uptrend.
Placing a buy stop order near the previous high of an uptrend is an effective short-term entry method. The core of this strategy is to wait for the market to break through the previous high and enter the area with the strongest momentum. Once the market breaks through the previous high, the order will be automatically triggered, allowing traders to enter the market in the area with the strongest momentum, thereby capturing the market's upward momentum. This method is suitable for short-term traders and can help them quickly profit when the market rises rapidly.
Breakout opportunities in a downtrend.
Placing a sell stop order near the previous low of a downtrend is also an effective short-term entry method. The core of this strategy is to wait for the market to break through the previous low and enter the area with the strongest momentum. Once the market breaks through the previous low, the order will be automatically triggered, allowing traders to enter the market in the area with the strongest momentum, thereby capturing the market's downward momentum. This method is also suitable for short-term traders and can help them quickly profit when the market falls rapidly.
Long-term entry method: retracement and cost control.
Retracement opportunities in an uptrend.
Putting a buy limit order near the previous low of an uptrend is an effective long-term entry method. The core of this strategy is to wait for the market to retrace to the previous low and enter the area with the weakest momentum. Once the market retraces to the previous low, the order will be automatically triggered, allowing traders to enter the market in the area with the weakest momentum, thereby reducing transaction costs. This method is suitable for long-term traders, helping them to open positions at a lower cost when the market pulls back, creating more favorable conditions for long-term holding.
Pullback opportunities in a downtrend.
Putting a sell limit order near the previous high of a downtrend is also an effective long-term entry method. The core of this strategy is to wait for the market to retrace to the previous high and enter the area with the weakest momentum. Once the market retraces to the previous high, the order will be automatically triggered, allowing traders to enter the market in the area with the weakest momentum, thereby reducing transaction costs. This method is also suitable for long-term traders, helping them to open positions at a higher price when the market pulls back, creating more favorable conditions for long-term holding.
Emphasis on the importance of waiting.
The good opportunities emphasized here must come from patient waiting, not from entering the market randomly or trading casually. Waiting for pending orders is a strategy that allows traders to maintain a certain degree of flexibility in the market while avoiding the risks brought by blind trading. Through pending orders, traders can set clear entry conditions and wait for the market to meet these conditions before trading, thereby increasing the success rate of transactions.
Sufficient funds and continuous increase in positions.
If the trader's funds are sufficient, especially for long-term investors, continuous light position entry is an effective strategy. By continuously light positions, traders can maintain effective communication with the market while avoiding the risks caused by excessive positions in a single transaction. It is necessary to maintain a moderate focus so that traders will not miss any good opportunities. In this way, traders can maintain flexibility in the market while seizing every favorable trading opportunity.
There are different levels of waiting opportunities for different foreign exchange investment traders.
In foreign exchange investment trading, different types of traders wait for different opportunities according to their trading strategies and time frames. The following are waiting opportunities divided according to different types of traders:
1. Foreign exchange long-term investors.
Best opportunity: historical top or historical bottom.
Long-term investors usually focus on long-term market trends and wait for the market to reach historical highs or lows, which are often accompanied by major market turning points. However, such opportunities are rare and may take years or even longer to appear.
Second best opportunity: band top or band bottom.
If the historical top or bottom is difficult to capture, long-term investors can fall back on the band top or band bottom. Although these points are not as significant as the historical top and bottom, they can also provide more reliable trading signals and appear more frequently.
2. Foreign exchange swing investors.
Best opportunity: band top or band bottom.
Swing investors focus on medium-term market fluctuations and usually wait for the market to form a clear band high or low. These points usually appear between months and years, which is suitable for the operating time frame of swing investors.
Second best opportunity: tops or bottoms of several weeks.
When the tops and bottoms of the band are difficult to capture, swing investors can focus on the tops and bottoms of several weeks. Although these points are less volatile, they appear more frequently and are suitable for trading when the market volatility is less.
3. Forex day traders.
Best opportunity: tops or bottoms of several weeks.
Although day traders focus on short-term trading, they also focus on tops and bottoms of several weeks because these points can provide clearer short-term trend signals.
Second best opportunity: tops or bottoms of several days.
When the tops and bottoms of several weeks are difficult to capture, day traders can focus on tops and bottoms of several days. Although these points are less volatile, they appear more frequently and are suitable for day traders to quickly enter and exit the market.
4. Forex ultra-short traders.
Best opportunity: tops or bottoms of several days.
Ultra-short traders usually focus on very short-term market fluctuations, and the tops and bottoms of several days are their focus. Although these points have small fluctuations, they appear frequently, which is suitable for ultra-short traders to quickly capture profits.
Second-best opportunity: tops or bottoms of several hours.
When the tops and bottoms of several days are difficult to capture, ultra-short traders can focus on the tops and bottoms of several hours. Although these points have smaller fluctuations, they appear more frequently, which is suitable for trading when the market volatility is small.
Flexibility in waiting for opportunities.
Investors of different levels have different levels of waiting. Taking the foreign exchange market in the past 20 years as an example, most mainstream currency pairs have been consolidating in a narrow range. For long-term foreign exchange investors, waiting for historical tops or bottoms may take several years or even longer, and the market may have been in a state of consolidation during this period. In this case, long-term investors can choose to wait for suboptimal opportunities, such as band tops or band bottoms. Although these suboptimal opportunities are not as significant as historical tops and bottoms, they can also provide more reliable trading signals and appear more frequently.
Summary:
Different types of foreign exchange traders choose different waiting opportunities according to their trading strategies and time frames. Long-term investors focus on historical tops and bottoms and swing tops and bottoms, swing investors focus on swing tops and bottoms and weeks of tops and bottoms, intraday traders focus on weeks of tops and bottoms and days of tops and bottoms, and ultra-short traders focus on days of tops and bottoms and hours of tops and bottoms. During market consolidation, traders can flexibly choose suboptimal opportunities to maintain trading flexibility and efficiency.
Why are successful traders so rare in the field of foreign exchange investment and trading?
The reason is not the lack of technology, but the interference of emotions. Emotions, like a time bomb, once triggered by greed, fear or anxiety, will destroy the trader's original clear decision-making process. This emotional trading behavior will not only blur the trader's judgment, but also make them fall into a wrong cognition, misinterpreting accidental success as an inevitable result, and taking cleverness as real trading wisdom.
However, foreign exchange trading itself is not complicated. It follows a set of clear and simple rules. As long as traders can stick to these rules, strictly enforce discipline, and persist for a long time, they can theoretically make profits. But human weaknesses, such as greed, fear, and anxiety, often interfere with traders' decision-making process. When traders are swayed by these emotions, they often act against their trading plans, resulting in unnecessary losses.
In real life, whether it is foreign exchange trading or other fields, there are always only a very small number of people who can truly become winners. This is not because opportunities are scarce, but because there are too few people who can seize opportunities. Successful traders are not those with the most sophisticated skills, but those who can control their emotions and stick to their inner rules. They understand that there is never a shortage of opportunities in the market, but what is lacking is traders who can calmly seize these opportunities.
Therefore, the real salvation of foreign exchange traders does not lie in the market itself, but in themselves. If traders cannot even control their own hearts, how can they control foreign exchange trading? Only by learning to control their emotions, sticking to trading rules, and strictly implementing trading plans can traders survive in the complex market and ultimately achieve profitability.
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou