Forex investment experience sharing, Forex account managed and trading.
MAM | PAMM | POA.
Forex prop firm | Asset management company | Personal large funds.
Formal starting from $500,000, test starting from $50,000.
Profits are shared by half (50%), and losses are shared by a quarter (25%).
Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management
Forex traders must understand that trading is essentially a craft. It encompasses both the relatively basic practical aspects of bricklaying and carpentry, as well as the delicate operations required of moldmakers and mechanics.
The principles of traditional craftsmanship inheritance apply equally to forex trading: bricklaying and carpentry require three to five years to advance from entry level to proficiency, while moldmakers and mechanics require five to ten years to achieve mastery. Even after completing this training, the difference between the crude and refined results depends on the practitioner's dedication.
Recognizing that trading is a craft is a prerequisite for investors to begin systematic training. Without this understanding, it's easy to overlook the long-term accumulation required for trading. The path to mastering this craft is clear and consistent: through continuous learning, practice, and reflection, the ability is solidified through repeated cycles, ultimately achieving a qualitative leap.
It's worth noting that the technical requirements for forex trading aren't high, and even ordinary investors can master them with training. However, cultivating one's mindset is extremely challenging, requiring a long-term commitment for most.
In order of importance, sufficient capital is the primary foundation for trading, followed by cultivating the investor's mindset—this is the most critical training component besides basic knowledge. Trading techniques are secondary, and mastering the art of placing orders at support and resistance levels is sufficient for basic trading.
Forex traders seeking steady progress in the market cannot do without a guiding purpose and aspiration; these are the inner strength to combat greed and fear.
Experience in traditional societies shows that those lacking desire and ambition often lack ambition and are less likely to actively pursue self-improvement through education or higher education. However, the forex market demands a completely different mindset. Greed and fear are major trading taboos, and they must be overcome through inner conviction.
A stark contrast exists in the market: traders who position themselves as "idiots" and maintain a low profile often profit, while those who consider themselves smart repeatedly lose. The root cause is that many intelligent individuals, accustomed to dominating others in past experiences, bring this control into the investment market, resulting in counterproductive results. This is particularly true for those with higher education. In reality, the essence of investing lies in adapting to the market, integrating into it, and respecting it. Only by doing so can one reap substantial returns.
Furthermore, a clear-headed perspective also manifests in a rational view of academic qualifications: even those with a doctorate are no different from ordinary people in areas outside of their expertise. This understanding can help us avoid blindly worshipping advanced academic qualifications and maintain humility when dealing with highly educated professionals in their fields—after all, we are just beginners in their fields of study. This attitude of mutual respect is key to avoiding cognitive bias.
Ultimately, forex traders must strike a balance between desire and ambition: too little desire can sap their spirit, while too much desire can disrupt their thinking. Only by anchoring ourselves in our mission and dreams can we maintain our footing amidst market fluctuations. When a major trend pullback brings fear, use our mission and dreams to resist panic and stick to our established strategy. When a major trend extends, inducing greed, use our mission and dreams to restrain impulsiveness and adhere to long-term principles.
In forex trading, the size of one's capital plays a decisive role in determining a trader's success. Common sense dictates that large capital translates to large returns, while small capital yields only small returns.
If a trader harbors the desire to make large profits with a small capital, their mindset is already unbalanced, undoubtedly laying the groundwork for significant losses in the future.
In all investment sectors, whether traditional or financial, those who achieve enormous wealth are often those who already have affluent families and ample funds. Growing from a small capital to a large and successful business is extremely rare in reality. Those with deep pockets are often intelligent enough to understand the inner workings of the capital market.
The foreign exchange market is rife with traders eager to get rich quick. Most of them view forex trading as a massive gamble. They place trades based solely on luck, and when they see a profit, they consider themselves trading masters, believing they possess exceptional trading talent and can even make a living from it. However, they fail to understand that gains and losses go hand in hand. Profits earned through luck will eventually be lost when luck runs out. Even a gifted trader who rushes into forex trading as a career or profession without years or even decades of accumulated experience is not engaging in true forex trading; it's gambling.
Forex trading doesn't require excessive brute force, but rather wisdom and dedication. While the phrase "use your head and your heart" may sound concise, truly applying it in practice can take ten or even twenty years. Life is short; how many decades or twenty years can one have? We only have one chance to seize it.
In the world of forex trading, traders will eventually realize that forex trading technique is not the key factor; it's just a matter of time.
Abandoning excessive obsession with and blind worship of forex trading technique will not only save valuable time but also significantly improve your forex trading career.
In forex trading, if a trader focuses on probability, their obsession with technique will diminish. Although traders fully understand that capital size is the primary factor, followed by mentality, many still struggle to break free from their reliance on technique. Once they understand that technique is not the decisive factor, there's no need to obsess over it.
However, for retail traders with small capital, abandoning their obsession with technique will diminish their value and competitive advantage. After all, they lack the practical foundation of large capital, and mental training is difficult to discern. However, forex trading techniques offer a wealth of knowledge to learn, accumulate, and cultivate, which provides them with emotional comfort.
In forex trading, even though successful traders constantly emphasize and promote common sense, pointing out that day trading and short-term trading involve gambling mentality and techniques and fall outside the realm of long-term investment, small-capital retail traders find it difficult to renounce or block out such practices. This is because small-capital retail traders have a natural disadvantage: limited funds and a lack of the resources for long-term investment. If they embrace the concept of long-term investment, they can only wait and do nothing. Furthermore, with their tiny capital, the possibility of achieving financial freedom for small-capital retail traders is slim. Unless they view forex trading as a hobby or an investment game, small capital cannot even be a means of financial management, let alone a means of diversifying risk. They are not yet at that level.
In the world of forex trading, there's a concerning phenomenon: some traders read an increasing number of forex investment books, yet their trading losses continue to grow.
The root cause is that they possess an increasing number of trading strategies, but this overabundance of strategies makes it difficult for them to adapt to the market and accurately select an effective strategy.
Life experience in traditional society also supports this point. If people wear a single watch, it's easy to determine the exact time. However, if they wear two or even ten watches and strive for accurate time to the second, the subtle differences between the watches create numerous options, making it difficult to make a decision. Similarly, when seeking advice from others, consulting two people may provide a clear direction, but consulting ten people will result in ten different answers, often leaving the questioner in a dilemma.
In forex trading, traders must strive for simplicity and purity in their trading strategies. Excessive trading strategies complicate trading decisions, leaving traders lost in the multitude of options, ultimately impacting trading results.
In reality, the more books a forex trader reads, the more diverse strategies and methods they'll be exposed to. However, this often leads to confusion in trading. Remember, "the path to simplicity leads to the same goal, and different paths lead to the same destination" is a time-tested truth. Truly effective trading methods are generally similar and don't require excessive complexity.
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
z.x.n@139.com
Mr. Z-X-N
China · Guangzhou