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 the process of foreign exchange investment and trading, one of the signs that novice investors have transformed into experienced investors is that they no longer engage in impulsive trading and hanging trading.
Impulsive trading refers to investors rushing into trading without careful observation, planning, research and other preparations, just because they open the computer and broker's trading platform software. This kind of trading has no basis or plan, and is a blind, reckless and rash trading behavior. It is essentially an impulsive and hasty transaction.
Dangling trading occurs during the movement of currency prices. When the price is in a position where it is neither up nor down, it is far away from the upper resistance and the lower support. Trading in this situation is also without basis and plan. It is a blind, reckless and rash trading behavior, and it is an irregular and random trading.
Only when novice investors learn to wait patiently and wait for the price to reach the resistance area or support area before entering the market can they ensure that the trading behavior is in the right direction of probability. Whether it is buying in an uptrend or selling in a downtrend, it should be based on a clear basis and plan. Only in this way can investors maintain a calm, composed and composed attitude in foreign exchange investment transactions.
In the process of foreign exchange investment transactions, there is a significant difference in the waiting time between large-capital long-term investors and small-capital short-term traders, whether it is waiting with empty positions or waiting with positions.
Large-capital long-term investors have sufficient funds and do not need to worry about their livelihoods, and have no survival pressure. Therefore, they can wait with empty positions for a long time, even months or even years. Once a long-term position is established, the waiting time for holding a position can also be as long as months or even years.
In contrast, small-capital short-term traders have limited funds and need to worry about their livelihoods, so they have certain survival pressures. They often cannot wait with empty positions for a long time, and may not be able to wait for days or weeks. After a short-term position is established, the waiting time for holding a position is also relatively short, usually only a few hours or days, and it is extremely rare to hold a position for weeks.
This is also why the vast majority of losers in the foreign exchange market are small-capital traders, while the vast majority of successful traders are large-capital long-term investors: short-term funds are difficult to make a profit, while long-term funds are more likely to win easily.
In the process of foreign exchange investment and trading, frequent stop losses are often caused by improper stop loss position and stop loss period settings.
For short-term foreign exchange trading, frequent stop losses are usually due to incorrect entry positions. If the trader does not enter the market in a strong support and resistance zone, the wrong entry position will naturally lead to an incorrect stop loss setting, which greatly increases the probability of being stopped.
In addition, even if you enter the market in a strong support and resistance zone, if the period selected when setting the stop loss is too small, the smaller support and resistance zones found are too close, resulting in a short stop loss distance, and frequent stop losses will also occur. Many short-term foreign exchange traders choose too small a period when setting the stop loss, which makes the stop loss position too narrow and the stop loss distance too short, thereby increasing the probability of being stopped.
Some short-term foreign exchange traders enter the market recklessly and then follow the textbook stop loss method taught by foreign exchange brokers or some ignorant education and training instructors, such as setting a stop loss of 10 or 20 points. This practice greatly increases the probability of being stopped. Wrong entry plus too narrow stop loss points are extremely fatal mistakes.
The correct stop loss setting is never based on the number of points, but on the specific position. Setting stop loss according to support and resistance areas is based on evidence and science. Setting stop loss according to points is wrong in method and unscientific.
In the process of foreign exchange investment and trading, investors have different identities, different large, medium and small cycles, different long, medium and short time frames, and corresponding trading strategies and methods are also different.
For short-term foreign exchange traders, their trading principles, strategies and methods are: use the large cycle to determine the overall trend direction, the medium cycle to determine the timing of entering the market and building a position, and the small cycle to set the stop loss position. This hierarchical cycle analysis method helps short-term traders accurately grasp trading opportunities in a rapidly changing market while effectively controlling risks.
For long-term foreign exchange investors, their trading principles, strategies and methods are: the large cycle is also used to determine the trend direction, the medium cycle is used to determine the timing of entering the market and adding positions, and as for the small cycle, you can choose to pay attention to it according to your personal preferences, and even the stop loss setting can be flexibly determined according to the specific situation. Long-term investors pay more attention to long-term trends and the general direction of the market, and pay relatively less attention to short-term fluctuations.
A significant difference between short-term foreign exchange traders and long-term investors is that the entry of short-term traders is the act of building a position, while the entry of long-term investors is the act of adding positions. In terms of entry methods, short-term foreign exchange traders usually adopt breakthrough entry strategies to capture profit opportunities brought by short-term price fluctuations; while long-term investors prefer to enter the market after a callback to obtain a more favorable price position and lay the foundation for long-term investment.
Finally, it should be pointed out that due to the differences in capital scale, personality characteristics and many other factors, different foreign exchange investment traders may have different cognitive standards for large, medium and small cycles and long, medium and short time, even if they are short-term traders or long-term investors. Therefore, there is no unified standard that can be applied to all investors, and all strategies and methods should be flexibly adjusted according to personal actual conditions.
In the process of foreign exchange investment and trading, there is a trading rule: investors who are afraid of highs or lows are often in trouble.
Why are they afraid of highs or lows? This is mainly because they suffered heavy losses when using trend tracking strategies. Trend tracking, that is, chasing highs or chasing lows, should essentially be the right strategy. However, the real secret of losses lies in improper position management. For investors who do not use leverage, the position is too heavy; for investors who use leverage, the position is also too heavy. This excessive position causes psychological pressure that exceeds the limit of their own tolerance, which forces them to close their positions and eventually leads to losses. From another perspective, if the position is light enough and can be increased all the way, you will not fall into this dilemma. So, what if there is a floating loss? As long as the position is light enough, you can hold it without fear of floating losses until the trend reverses.
For short-term traders among foreign exchange investment traders, chasing highs refers to chasing the previous highs in the rising process. The Western trading circle uses English as "HH (high-high)", which is both concise and vivid. While long-term investors' chasing highs refers to chasing the previous lows in the rising process. The Western trading circle uses English as "HL (high-low)", which is also vivid. Short-term traders' chasing lows refers to chasing the previous lows in the falling process. The Western trading circle uses English as "LL (low-low)", which vividly describes this process. Chasing low for long-term investors refers to chasing the previous high during the decline. The term "LH (low-high)" is used in the Western trading circle, which is also very appropriate.
The goal of chasing high and chasing low for short-term traders is to make quick profits and lock in profits, focusing on short-term profit realization. The goal of chasing high and chasing low for long-term investors is to spread costs and earn big profits, focusing on long-term income accumulation.
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou