Don't speculate in foreign exchange with the mentality of getting rich

What is foreign exchange speculation? Many investors are likely to think that speculation is about technology, speculation is about news, and speculation is about value. In fact, foreign exchange speculation is about ideas, and speculation is about mentality. For example, in the stock market, why investor Buffett can get earth-shattering wins is not because of his good K-line shape analysis, but because of his concept of value investing. Buffett's philosophy is very simple: buy on dips, hold and not sell. I am afraid that many people do not understand this concept, and what can be achieved is phoenix hair scales, which is why Buffett has only one reason. Buffett's stock selection and stock speculation strategy is also very simple: one is a single business, such as Coca-Cola; the other is that high-quality companies are misunderstood and buy when the stock price falls abnormally. The third is to hold high-quality company stocks for a long time. If an investor bought Buffett's Berkshire investment company's stock for $10,000 in 1956, the return could reach 27,000 times by 2007. Such returns in less than 50 years are the charm of value investing.

Only a company with a single business can fully manage its main business, and its growth will be guaranteed. For example, China's Moutai, don't look at the current stock price decline, it will definitely rise in the end. Yili shares mentioned many times earlier are two major Chinese dairy giants that are as famous as Mengniu, and Yili's state-owned listed company background determines that the poisoned milk incident is its misunderstood period. It is precisely because of the poisoned milk incident that the stock price of Yili shares hit a record low, and the adjustment is in place, resulting in investment value opportunities. Like the stocks mentioned earlier, if investors can adopt Buffett's investor strategy, they will definitely gain a lot in the end.

Now many people do not really understand the true meaning of Buffett's value investors, on the one hand because of excessive speculation in the domestic market; on the other hand, they do not fundamentally understand the true meaning of value investing. In fact, the current market decline until now is a good opportunity to ignore short-term fluctuations and insist on buying value investments at dips for a long time. Without the financial crisis, it is difficult to attract funds at such a low price. While the financial crisis eliminates a large number of rich people, it also provides opportunities to create a new group of rich people. Buffett's philosophy is most suitable for dealing with the current market situation and is the strategy that investors should adopt the most.

Just having the right idea is not enough. If you want to succeed in foreign exchange speculation, a good and peaceful attitude is essential. Judging from the current market conditions, some investors will shout "skyrocketing cattle exchange" at every turn, and talk about "the most profitable opportunity" at every turn. This is a frivolous psychology. It is a grandiose behavior to cater to the mentality of small and medium-sized investors who are eager to get rid of it or get rich overnight. It is a headline party trick. No one can know that a currency pair can skyrocket or double before it starts its upward cycle. If investors invest in foreign exchange with this mentality, it is impossible to have enough patience to find those long-term value varieties that can really bring them huge profits in the future at the bottom. Instead, they will operate frequently because of the pursuit of so-called "skyrocketing" opportunities, and the last one will be happy or even sad. In fact, the reference to "skyrocketing cow exchange" itself is a mistake. The real cow exchange is to keep rising, and it will only skyrocket for a day or two when it is about to peak, in order to attract eyeballs and ship. The skyrocketing market will not last for a long time, it is all short-term in nature. The skyrocketing means that the risk is rapidly condensed, which means that it will be a plunge later. Therefore, investors must change the mentality of getting rich and speculating in foreign exchange on the one hand, and on the other hand, they must have the correct thinking of speculating in foreign exchange. In particular, they cannot be bearish on the market while talking about skyrocketing cow exchange on the other hand. This way of thinking is self-contradictory, abnormal and irrational. No matter how much they say, it

For the foreign exchange market, investors should understand that this is a place for games and games, and at the same time, it is a place that adheres to the unity of growth-oriented value investment and reasonable and moderate speculation. In such a place of gaming, one must have a peaceful mentality, rationally make correct judgments on the basic conditions of the market and the safety margin of value investment, and pursue a perfect combination of steady income growth of value investment and the maximization of necessary reasonable and moderate speculative income under the premise of ensuring the safety of the principal. Value investment does not have the concept of unwinding and quilt cover, and reasonable speculation is the pursuit of a kind of flatness that rises but does not like to fall but does not feel sad. A real foreign exchange speculator will understand that the highest level of foreign exchange speculation is a concept, a mental state without foreign exchange in his heart.

Out of the three realms, not in the five elements. When investors really abandon the mentality of getting rich in the short term and look at and participate in this market with the correct concept of foreign exchange speculation, they will find that it is really not difficult and really easy to speculate in foreign exchange. When you really reach this state, you are not far from becoming China's "Buffett".