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
In foreign exchange investment transactions, setting stop loss is crucial for traders.
However, if the stop loss position is set randomly, it is not only unimportant, but may even waste funds and money.
When the foreign exchange market is in a general upward trend, the currency price has not yet retreated to the support area, but is hovering in the suspended area. At this time, the impulse buy order is at a disadvantage. The stop loss position set in this case lacks basis and is more likely to be triggered. Therefore, this entry and stop loss method are both disadvantageous and unwise.
On the contrary, when the foreign exchange market is generally rising, when the currency price retreats to the support area and moves in this area, the buy order at this time is in an advantageous position. The stop loss position set at this time is based on basis and relatively scientific, and the probability of being triggered is small. This entry and stop loss method is excellent and wise.
Similarly, when the forex market is falling, when the currency price does not retreat to the resistance zone, but hovers in the suspended area, the impulsive selling orders are at a disadvantage. The stop loss position set in this case also lacks basis, and the possibility of being triggered is high. This entry and stop loss method are both disadvantageous and unwise.
However, when the forex market is falling, when the currency price retreats to the resistance zone and moves in this area, the selling orders are in an advantageous position. The stop loss position set at this time is based on basis and relatively scientific, and the probability of being triggered is low. This entry and stop loss method is excellent and wise.
The rise does not mention resistance, and is not afraid of resistance and retracement. The fall does not mention support, and is not afraid of support and retracement.
In forex investment transactions, when the market is in a trending up phase, long-term forex investment traders usually follow the general trend. They will constantly look for retracement positions, gradually build up light positions, and gradually accumulate long-term positions. In an upward trend, they insist on holding, regardless of resistance and retracement, and the core concept of their long-term strategy is "rising without resistance".
However, in the process of rising trends, short-term foreign exchange investment traders often try to guess small trends. They will place breakout buy orders when prices rise and breakout sell orders when prices fall, which may lead to opening positions against the trend. Some traders even try to guess the top and bottom, but this behavior of guessing the top and bottom based on small cycles is unwise. It may cause traders to carry orders against the trend all the time, violating the basic trading strategy of following the trend.
In foreign exchange investment transactions, when the market is in a downward trend, long-term foreign exchange investment traders will also follow the general trend. They will constantly look for retracement positions, gradually build up light positions, and gradually accumulate long-term positions. In a downward trend, they insist on holding, regardless of support and retracement, and the core concept of their long-term strategy is "falling without support".
However, during the downward trend, short-term foreign exchange investment traders often try to guess the small trend. They will place a breakout buy order when the price falls and a breakout sell order when the price rises, which may lead to the opening of positions against the trend. Some traders even try to guess the top and bottom, but this behavior of guessing the top and bottom based on small cycles is unwise. It may cause traders to carry orders against the trend all the time, which violates the basic trading strategy of following the trend.
In foreign exchange investment transactions, "letting profits run" is the core goal strategy of long-term investors, and this concept is often difficult for short-term traders to understand.
Long-term investors are mostly in a waiting state in daily trading and rarely open positions. Only when they encounter an advantageous opportunity will they decisively open a position, and once they open a position, they will hold it for a long time to maximize their profits. They will hold their positions until this wave of big market turns around, and then they will close their positions to make a profit and ensure that the profits are pocketed.
However, for short-term traders, "letting profits run" may be more like a lie that is difficult to achieve. In the process of trading, they can often only obtain short-term profits, while the market is constantly extending, causing them to miss better opportunities. Afterwards, they often regret it and secretly make up their minds to hold long-term when they encounter a good opportunity next time.
However, as long as they position themselves as short-term traders, their original intention and goal is always to conduct short-term transactions, then it is difficult for them to truly hold long-term positions. Of course, it may also be because of limited funds or other conditions that prevent them from making long-term investments.
In foreign exchange investment transactions, novices usually rely on technology to trade, while veterans tend to trade based on rules and common sense.
Why do novices rely on technical trading? Because technology is only a means and method of trading. But if you talk about technology without rules and common sense, the trading of novices will definitely be unstable in the end.
Why do veterans trade based on rules and common sense? Because everything has its own development rules and common sense. Only by following these rules and common sense can trading be on the right track.
Why do novices prefer technical trading? Because technology is simple and easy to learn and easy to use. The main focus is on price patterns and price signals, and it is very simple to identify these patterns and signals because they have formed a solidified model. It is precisely because of this solidification that novices like and use them. Simply put: novices like to use simple and visible patterns.
Why do veterans trade based on rules and common sense? Because regularity and common sense are a kind of feeling and intuition, which combines many subtle factors, and technical means are just one of them. Simply put: veterans like to use simple and invisible intuition.
In foreign exchange investment transactions, the trader's position layout and the number of positions are key factors that need to be carefully considered.
These factors need to match the psychological tolerance of the trader, adapt to the technical model adopted by the trader, and be consistent with the trader's expectations and plans.
Specifically, a short-term foreign exchange trader may panic when the loss fluctuates by $10,000. A long-term foreign exchange investor may remain calm even when facing a loss of $500,000.
Similarly, a short-term foreign exchange trader may have a position layout of only $100,000, an expected holding period of only a few days, and an expected profit of only a few thousand dollars. A long-term foreign exchange investor may have a position layout of tens of millions of dollars, an expected holding period of several years, and an expected profit of millions of dollars.
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou