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

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In the field of foreign exchange trading, the difference in preferences between Chinese and global forex traders is gradually narrowing.

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Decades ago, there was a real gap between domestic and overseas forex traders, primarily in trading skills and experience. However, with the rapid development of the internet, Chinese forex traders have rapidly absorbed advanced experience and strategies from the international market, significantly narrowing this gap.
Today, the overall level of Chinese forex traders is comparable to their international counterparts. The widespread internet penetration has enabled Chinese traders to access global forex knowledge and experience, greatly enriching their trading perspectives and skills. If there is still a gap in forex trading skills, it is limited to the adoption of new technologies and strategies. Although China has a policy prohibition on forex trading, major countries such as the United States and India have also implemented varying degrees of restrictions to maintain financial stability. In some ways, these policy restrictions have actually reduced competitive pressure for Chinese forex traders.
However, the reality is that only traders with substantial foreign exchange bank accounts overseas have an advantage. This restriction, while creating a certain level of technical barriers, has also created a relatively favorable environment for Chinese forex traders. This policy environment has encouraged Chinese traders to be more cautious and focused in learning and applying new technologies and strategies, thereby enhancing their trading capabilities to a certain extent.

In long-term forex trading, a trader's core operational logic revolves around support and resistance levels—opening positions, increasing positions, and accumulating positions all rely on these two key levels.

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It should be understood that without a long-term trend or a strong trend, support and resistance levels lose their meaning. Any judgment regarding them must be based on the continued existence of the trend.
Regarding the question of "whether trading solely relies on support and resistance levels," it's crucial to clarify the fundamental nature of the trading system's technical architecture: the core of trend trading lies in the selection of key positions within the trend framework. Support and resistance levels are fundamental tools that all trend traders must master and form the core basis for their trading decisions. From a technical perspective, the answers to the questions "why buy" and "why sell" are both related to these two factors: buying requires determining whether the cost level corresponds to effective support, and selling requires confirming whether the target level contains critical resistance. This is the fundamental function of technical analysis. Without the ability to distinguish between support and resistance, trading loses its objective basis. Even if the trend direction is clear (e.g., an uptrend), one cannot arbitrarily choose a buy price. Support levels must be considered to determine a margin of safety, and resistance levels must be considered to plan exit timing.
Essentially, the trial-and-error process of technical analysis and the determination of trend sustainability both rely on support and resistance levels. The core characteristic of an uptrend is "no top," manifested by the price repeatedly breaking through previous resistance levels and the support levels continuously moving upward. A downtrend, on the other hand, is "no bottom," manifested by the price repeatedly breaking through previous support levels and the resistance levels continuously moving downward. Traders determine whether a trend will continue by observing the breakout or holding of support and resistance levels. When support levels no longer support prices, or resistance levels no longer suppress prices, it often signals an impending trend reversal.
It's important to acknowledge that determining support and resistance levels isn't 100% accurate; their essence is the "natural distribution of market probabilities." No trader can accurately predict when a trend will end, and technical analysis itself is inherently imprecise. Before a trend reversal, support levels will inevitably break down or resistance levels will break through. Traders may face the cost of a stop-loss, but this is a normal cost of probabilistic trading.
Furthermore, the effectiveness of support and resistance levels must be considered in conjunction with the trend and consolidation levels. While consolidation is common, the value of support and resistance levels varies depending on the level of consolidation. Only when there is a clear trend do support and resistance levels have objective reference value. The existence of a trend determines their effectiveness: in an uptrend, support levels effectively support prices; in a downtrend, resistance levels effectively suppress prices. Discussing support and resistance without considering the trend is essentially meaningless.
In summary, support and resistance levels are the fundamental elements of technical analysis logic: to determine trend direction (upward/downward), one must observe the evolution of support and resistance levels; to execute trading decisions (entering a position/exiting a trade), one must rely on signals from support and resistance levels. For long-term traders, understanding the logic behind their interaction with the trend is the foundation of building a trading system.

In forex trading, major institutional investors are most wary of professional retail forex traders.

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When retail forex traders develop professional skills and develop a self-adapted decision-making system, they become formidable opponents for major institutional investors. Fortunately, however, these professional retail forex traders are relatively rare, so major institutional investors generally do not pay them much attention.
If all retail investors became professional retail forex traders, the forex market would likely cease to function properly. In fact, it's precisely the presence of a large number of non-professional retail forex traders that creates an opportunity for institutional investors to exploit. Professional retail forex traders are often difficult for institutional investors to "harvest" and may even profit from them. This is precisely the situation institutional investors fear. However, since professional retail forex traders are a minority, institutions generally don't pay much attention to them. The forex market remains a place where you can make money based on your skills.

In forex trading, if traders close all positions during a significant pullback, they will miss out on the huge profits that lie ahead in the long-term trend.

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For professional forex traders, long-term success often stems from firmly holding bottom or top positions in the early stages of a trend. They are able to accurately identify significant bottoms or tops and ride the trend as it unfolds. These traders clearly know when to add to their positions, or to add to them continuously, gradually building their positions in the direction of the trend.
A trader's base and top positions are crucial for long-term investing. Holding onto these positions firmly often lays the foundation for subsequent increases, as major bottoms and tops often signal the beginnings of a trend. As a trend continues, the forex market will experience repeated pullbacks, volatility, and even significant retracements. To ensure they avoid missing out and maintain a firm grasp on their base or top positions, traders can adopt a strategy of starting with a small position and gradually increasing their position, gradually building up their long-term position. Avoid closing base or top positions due to floating losses caused by significant market pullbacks, as this will lead to strategic and tactical errors.

In the field of forex trading, successful traders are lifelong learners and persistent practitioners.

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The foreign exchange market is constantly evolving, influenced by multiple factors, including the global macroeconomy, policy changes, and geopolitics. Only by continuously learning, updating knowledge, and optimizing strategies can one keep pace with the market and maintain a firm footing in long-term trading.
Truly successful forex traders often possess a humble and cautious character and are adept at overcoming cognitive shortcomings through learning. Those with outstanding trading performance and advanced investment skills, as they gain experience in the market, become increasingly humble and respectful. They clearly understand their own "circle of competence" and recognize that human cognition has its inherent limitations. No one can achieve "omniscience," and they are likely to face cognitive gaps and knowledge deficiencies throughout their lives. This clear self-awareness enables them to maintain a constant attitude toward the market: they avoid blind confidence, underestimate every market fluctuation, and even refrain from attempting to control every market shift.
They understand that hubris is a fatal flaw in trading. If past profits lead to a contempt for the market, believing they have mastered all the rules, the market will eventually exploit their blind spots and strike back, imposing heavy costs through unknown risks or market trends. Therefore, successful traders remain vigilant. When faced with areas of weakness or market conditions they don't understand, they acknowledge their limitations and resolutely only trade within their capabilities, never engaging in risky operations beyond their comprehension.
At the same time, they maintain an open mindset: they continuously delve into the knowledge and skills within their circle of competence, striving to "learn more, understand more thoroughly." The depth and breadth of their learning are gradually expanded based on their individual learning abilities, neither rushing for quick results nor giving up halfway. They understand that learning itself is a difficult and lengthy process, and that "learning until old age" and "working until old age" complement each other—the broader their knowledge and the deeper their understanding of market principles, the more scientific and accurate their trading decisions will be, ultimately increasing their success rate and profitability.
Of course, they don't fall into the trap of striving for omniscience, recognizing that such a goal is unrealistic. Therefore, in their lifelong learning journey, they consistently adhere to the principles of modesty and prudence, avoiding arrogance or impatience. They constantly expand their circle of competence through learning, while remaining mindful of risks outside their circle. This balance between continuous improvement and respect for boundaries is the key to their long-term success in the forex market.

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13711580480@139.com

+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

z.x.n@139.com

Mr. Z-X-N

China · Guangzhou

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