Announcement:
  • If you need to open an account, you can contact customer service to guide the operation.
  • Customer service WeChat: Jin-DaoCheng
    1. Home > News and Information

    How can foreign exchange losers get out of the shadow of failure?

    A successful investor looks back at the road he has traveled, always hoping to draw some experience from himself and tell latecomers how to take less detours. In fact, writing a speculative book with memories as the main content requires the author to evaluate the history from the perspective of today. This history includes himself, as well as the people and events related to it. How a trader treats a meaningful transaction in history is very important, because the judgment of history will affect future behavior. The growth of a trader is inseparable from the correct evaluation of history, and it is inseparable from historical experience. Only by getting out of the wrong historical shadow can he achieve true success. Today, it seems that it is neither scientific nor wise to evaluate a trade of a professional trader with the view of "the king who wins or loses". Because financial speculation is a complex industry, the reasons for a certain success or failure are different, and people's evaluation is either partial or based on their own needs or level of understanding. The incorrect phenomenon of evaluation is extremely common. The characteristics of financial speculation determine that its evaluation criteria must conform to the time scale. Long-term success or overall success is considered true success. Therefore, only the last laugh is the real success. For a professional trader, the evaluation of a successful trade is not independent, but should be placed in the whole.

    Has the "winner or loser" view completely failed? If we further refine the content or elements involved in successful transactions, this criterion is unique. For example, when choosing a trading strategy, sometimes you can discard the long-term short-term trading strategy and choose the medium and long-term trading strategy. The inference standard is: whichever trading strategy can make a lot of money, use which strategy. This is not only the selection standard of trading strategy, but also the inference standard of various concepts that help us understand the market.

    Investors' investment philosophy in the market will go through many changes, from simply understanding the market from the perspective of price entities, assisting in K-line or various indicator analysis, to understanding price fluctuations from the perspective of subject behavior. That is, the main force manipulates the market to understand price fluctuations, assisting in chart analysis, and then progresses to accepting the concept of investment masters, analyzing the decisive factors behind prices from the basic conditions of the market, not just the main force. Which market concept is the best? Of course, the last one, because it is in line with the reality of the commodity market and can help us understand price trend changes, so that medium and long-term trading strategies can be implemented, so that trading performance is in the best state.

    Soros is very proud of his theory of reflex interaction, not because of how much science there is in it, but because it allows him to detect major changes in financial marekts and make a lot of money. At the beginning of the last century, the investment guru Riefemer also said that you can buy when you buy it, sell when you should sell it, and stop when you must. Safety first, stability first, recklessness is lost, greed is poor. His great discovery is that one must study the general conditions, measure the conditions, and thus be able to predict the trend. Whether it is Soros's incessant introduction of his theory, or Riefemer's claim that his understanding of the market is a great discovery, what underpins their confidence is the good speculative performance achieved by these theories. The theory of financial speculation is based on the principle of usefulness to infer the advantages and disadvantages. It is not advisable to pursue theoretical perfection without paying attention to practical results.

    Does the correct principle and the correct standard mean that the conclusion obtained is completely uncontroversial? Plato's words may help us understand this problem - "the philosopher must rise from the sensory world & L Squo; cave 'to the rational world". People always hope to reach general conclusions after thinking. In fact, there are many successful short-term speculators in our country's futures market, and there are many successful futures traders around us, so it is biased to deny short-term trading because of their own failures.

    Some people in the market, who love futures and make some money from it, have influenced some friends, knowingly or unknowingly, who have also participated in futures speculation, but the results have always been disastrous. They talk about it with remorse, seeing themselves as ferrymen on the Styx, the river to hell, and they think they are playing a very disgraceful role.

    In fact, there are two situations that prompt a speculator to come to this market, one is completely voluntary, and the other is encouraged and induced by others, but the motivation in both cases is the same, that is, to find a place to make money, and no one can control the final result. Moreover, some people come to this market because they are induced by others, and they find that this market is very good, very suitable for themselves, and eventually become winners. Will they blame others for inducing them to come here? Therefore, when we influence the people around us into the future market, no matter what the result is, we don't have to exaggerate our role, because the destination of the ferry is not determined by the ferryman, and the destination of the ferry is not necessarily hell, and there is heaven, and there is neither hell nor heaven.

    To survive in the market for a long time, we must learn to sum up the past. The evaluation of history or each trading experience should run through our speculative career and form a habit, so that we can step by step from trading novice and veteran to trading master. In this process, the work we do is actually the work of philosophers. We understand and summarize the successful trading philosophy from every trading feeling and experience, which is similar to the philosophers' "from the'cave 'of the sensory world to the rational world". How about foreign exchange speculation?account openingThe work is the same, but it can help us develop a mature market philosophy, a correct trading strategy, and a good attitude towards life.

    Click to inquire about transaction account opening

    Please indicate the source: https://www.daoctech.com/fxnews/2086.html

    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.