Plan your trade, trade your plan

The masters of speculation always say: "Trading is an art, it is not a science." You can imagine that when an artist creates a work of art, he must strive for excellence, because the work of art is unique, and he must make this work perfect.

We also need to have this kind of spirit in our foreign exchange transactions. Every time we make a list, it is like creating a work of art, and we must pursue its perfection. Only in this way can you accumulate high-quality products and make money overall.

We need to understand how we make money.

On the surface, making money is related to making a profit, but in essence, it is actually related to the integrity of trading, that is, to thinking and trading methods. If it is an invalid and wrong trade, it must lose money as a whole.

Therefore, we must be clear about our trading system and adhere to it.

Plan your transactions and trade your plans.

So how do masters become? Success is complex things done simply, simple things done repeatedly, repeated things done seriously. And simple things done repeatedly, you are an expert. Repeated things done with heart, you are a winner.

What is the psychology of a high level? Someone came out, and as a result, they were afraid that the market would continue to rise, grabbed a rebound in the middle, and stopped their losses in the slump. Leveraged traders even liquidated their positions, leaving them with nothing.

So what is the psychology of the current low level? (Learning foreign exchange, foreign exchange traders) Running back, escaping when adjusting, chasing high at the end of the adjustment, and over and over again, making very little money.

So you need to figure out what your system is, and only a positive trading system can bring you profits.

The trading system has buying and selling points and directions.

Focusing on the direction, what level of trader are you? Choose the appropriate moving average.

Planning involves controlling positions.

In the early stage of the rebound, the position was controlled at around 30%, but there was a dilemma behind it, such as a market correction. Should the 30% position be released or persisted? If persisted, a pullback would engulf profits, and if it came out, it was possible to go short.

Many people will be confused by this issue for a lifetime, unable to understand it.

Plan, trading system.

You only have one trading system.

The above mentioned what level you think the initial rebound is, then you should stick to your level and never forget your original intention.

Your plan should fully consider the impact of the previous level on you, as they often play a role in promoting growth and assisting decline.

Success is complex things done simply, simple things done repeatedly, repeated things done seriously. And simple things done repeatedly, you are an expert. Repeated things done with heart, you are a winner.