For foreign exchange speculators in the foreign exchange market, most of the foreign exchange knowledge has basically been mastered, and they will not commit basic conceptual problems, but I believe that most investors still do not know the summary of transactions To be able to do this, what I will bring to you today is a summary of the successful experience of foreign exchange speculation masters, hoping to help those speculators who do not know how to sum up
First, start as an on-site trader, and then move to the off-site as the transaction scale and variety gradually increase. Of course, although there is a process of adaptation for every foreign exchange speculator at the beginning, I believe they will soon Set foot on the road to success, like Martin Schwartz and Richard Dennis.
Second, there is no genius in the trading market. Richard Dennis mentioned above believes that intelligence and education may become obstacles to successful trading. Foreign exchange speculators must remember not to lose face, be brave enough to admit mistakes, and obey the rules Knowing the trading rules and trading system, and being good at summing up experience, this is the key to successful foreign exchange speculation.
Third, most of the foreign exchange speculation masters basically start from failure. The short period is a few months, and the long period is decades. As a foreign exchange speculator, the most important thing is to have firm confidence and constantly summarize from failures. This is “scholars are not first, and those who are masters are teachers”.
Fourth, the top priority of the masters’ trading experience is the control of risks. Every foreign exchange master has a different principle of risk control. They are usually based on technical charts, and of course the percentage of funds in investor meetings. Of course, the author thinks that the best thing is to set up a stop loss position. Because the stop loss position is always set outside the important price on the chart, it is better to reduce the trading volume to accommodate a safe stop loss position. Of course, there is another thing worth learning, which is the principle of avoiding risks, that is, to avoid participating in products with too intense market conditions. When a large loss occurs, the customer should be notified immediately to reduce the psychological burden; warehouse.
Fifth, change from short-term to long-term. The short-term requirements for investors are analysis, memory, psychology, trading channels, etc. Show off is relatively high. Because investors have no time to think, they can only make subconscious reactions. Of course, these are usually high-intensity for foreign exchange speculators. train. However, many investors do not spend time training, which also causes relatively large losses for short-term investors.
The above is the summary of the successful experience of the foreign exchange masters. Of course, the summary of the foreign exchange masters also includes the need to have their own computer trading system and philosophy of life, etc., so I won’t introduce too much here.
