Tag: trading experience

Foreign Exchange Trading Experience

To succeed, people often say that attitude is everything, and so is foreign exchange trading. It is necessary to learn the foreign exchange trading experience of successful people with an open mind. As a slogan to express the power of positive thinking. To put it simply, we should have a positive attitude in doing things.
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Foreign Exchange Trading Experience

As long as we keep positive thinking and work hard, we can finally succeed. But in the field of trading, especially foreign exchange trading, it is not enough to rely on attitude alone. In addition to a positive attitude, we should also maintain a good attitude and learn from successful foreign exchange trading experience.

  1. Long term stable profit

As a professional trader, what we have to establish is the concept of long-term sustainable and stable profits. We should not pursue overnight wealth, that is, we should not bring gambling mentality into the market. Investment is a very serious thing. When you want to gamble with the market

At that time, the foreign exchange market becomes a gambling market for you. Have you ever heard of successful gamblers?

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Lessons From Foreign Exchange Trading (Trading Principles)

2. Objective transaction is better than subjective transaction

Objective signal and subjective signal have their own advantages and disadvantages. Every investor should build up confidence in trading and trust his own judgment, but overconfidence may lead to overconfidence in subjective signals; objective signals are often very reliable, but the biggest disadvantage is to send letters

It is easy to delay the signal because most of the technical indicators are caused by the delay of sending signals.

Objective trading and subjective trading should complement each other. When there is a contradiction, you need to make a choice according to your accumulated experience. If you can’t make a choice, please believe in the objective signal. When the objective signal and subjective signal are consistent, further confirm that your trading is likely to be correct.

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Foreign Exchange Trading Experience

3. Get what belongs to you, don’t be greedy

Every day, there are opportunities. If the opportunities are implemented in the ultra short term, they can even be described as unlimited opportunities. However, our energy is limited, and the opportunities we can seize are also limited.

It is also about the choice of opportunities. It is about facing the temptation of excessive trading opportunities and the market. We should only grasp the opportunities that we can grasp and grasp with basis. We should build positions with rules, and we should build positions without rules

Give up trading, or just try to trade small positions, trying to create new trading rules.

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Foreign Exchange Trading Experience

4. Avoid fear and regret

Fear and regret are the most common faults of foreign exchange market traders, and they often become the key factors affecting the trading mentality. Fear is reflected in fear of shrinking profits, fear of market turn around, fear of hitting the stop loss and turning back. The three contents that some investors fear are actually completely psychological

In the trouble: fear of profit shrinkage performance do not trust their own trading plan, do not believe their own judgment; fear of market turn is not aware of the market trend is not easy to reverse, even if there is a reversal, there are stop loss price as risk control, according to the new market

The reason is that there has been such a situation, but investors have not looked for the reason from the method and probability of stop loss setting. There is no unchangeable trading method and no unchangeable opportunity in this market.

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Foreign Exchange Trading Experience