Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management
Forex multi account manager experiences sharing | Not all foreign exchange investment traders can engage in trading full-time. A series of conditions must be met.
In terms of economic foundation, it is necessary to ensure having sufficient passive income so that when foreign exchange investment trading is not profitable for the time being, the basic living needs of the family can still be met.
In terms of market insight, one cannot rely on guessing short-term market fluctuations but should accurately judge market trends through in-depth analysis. Regarding arbitrage strategies, it is necessary to master means such as foreign exchange investment carry trade to achieve stable returns.
For the actual situation of freelancing, there should be a clear understanding. The success of freelancers usually stems from hard work and dedication, and their workload may not be less than that of traditional jobs.
In terms of income sources, if there is no fixed salary, there needs to be a clear income channel and sufficient ability to maintain a living. Family support is an important psychological and economic support for full-time traders, but it is not a decisive factor.
Economic independence means having achieved economic freedom and no longer needing to rely on basic wages to maintain a living. It is necessary to recognize that people from different social strata face different life pressures and choices. People at the bottom may need to change the status quo through high-risk methods.
Financial freedom requires being debt-free and having sufficient capital reserves so as to persevere in the foreign exchange investment trading market for a long time.
In terms of foreign exchange investment trading experience, one should have at least five years or more of foreign exchange investment trading experience, going through market fluctuations, including at least one significant account loss.
In terms of psychological endurance, one should be strong enough to remain calm in the face of market fluctuations. In terms of work experience, one needs to have more than ten years of work experience and not be limited to a specific industry.
From a personal perspective, only when at least three or more of the above conditions are met can one consider engaging in full-time foreign exchange investment trading. At the same time, one also needs to have a strong interest in foreign exchange investment trading and have sufficient time and funds for investment and improving trading skills.
Forex multi account manager experiences sharing | When people get involved in foreign exchange investment and trading with a “playful” mentality, they often overlook its underlying risks and complexity.
In the field of foreign exchange investment and trading, with the accumulation of years of experience, mature traders deeply realize that trading is by no means a simple investment behavior, but a solemn undertaking. Just as ancient military strategies say: "Military affairs are a major matter for the state, the place of life and death, and the way of survival and destruction, and they must be carefully examined." This sentence fully demonstrates the key significance and seriousness of war. By the same token, foreign exchange investment and trading should also be regarded as a carefully planned battle.
When people participate in foreign exchange investment and trading with a "playful" mentality, they often overlook its potential risks and complexity. This attitude is extremely likely to lead to failure because foreign exchange investment and trading require rigorous strategies, calm judgments, and firm execution abilities. For those who regard foreign exchange investment and trading as entertainment, mature foreign exchange investors usually should keep their distance from them. After all, this mentality is far from the serious attitude of mature foreign exchange investors towards investment and trading.
In the scope of foreign exchange investment, the essential difference between professional traders and those participants who aim for entertainment does not lie in whether they are fully engaged in trading, nor in the scale of funds they possess, nor in their degree of mastery of technology. The real difference lies in their attitude towards trading. For mature foreign exchange investors, foreign exchange investment and trading is like a war. Funds are the army of foreign exchange investors, and trading plans are the combat strategies of foreign exchange investors. Therefore, mature foreign exchange investors should strictly abide by discipline and ensure that every action conforms to the pre-determined plan.
In contrast, those who participate in foreign exchange investment and trading with an entertainment mentality often lack planning and purpose in their actions, just like casually purchasing goods in a vegetable market without clear goals and strategies. This randomness is fatal in foreign exchange investment and trading because it ignores the uncertainty and risks of the foreign exchange investment market.
The reason why individual investors in foreign exchange investment and trading are called "individual investors" is precisely because of their looseness in organizational form and attitude. When learning foreign exchange investment and trading, the first thing to cultivate is a correct attitude, followed by foreign exchange investment and trading techniques and strategies. Foreign exchange funds are like soldiers on the battlefield, and the foreign exchange investment market is the battlefield itself. Only by treating foreign exchange investment and trading with a serious and professional attitude can one achieve success in this challenging field.
Forex multi account manager experiences sharing | Foreign exchange trading is difficult to quickly turn one into an expert. The success rate is extremely low, and cognitive misunderstandings need to be guarded against.
In the field of foreign exchange investment and trading, there is a very significant cognitive misunderstanding that generally exists, that is, thinking that one can quickly achieve proficiency and become an expert. Under normal circumstances, no one would expect to transform from a novice in an industry into a top-notch lawyer, doctor, race car driver or athlete within one year. However, many people mistakenly believe that they can grow from beginners in foreign exchange trading to top traders within the same time period. In fact, the success rate of foreign exchange trading is extremely low, and it is very likely to be much lower than 5%. This ratio is even lower than the success rate of other professions. This overconfidence is likely due to a lack of sufficient understanding of the complexity of trading, which is undoubtedly a major blind spot at the cognitive level.
Forex multi account manager experiences sharing | Small foreign exchange investors lack interest in a 20% annual return. With a small capital base, the returns are limited.
For small-capital investors, an annual return rate of foreign exchange investment in the range of 20% to 30% may not be attractive. The main reason is that for investors with a small capital scale, even if the annual growth rate reaches 20%, the absolute return amount is relatively small. Ordinary investors are usually not interested in such an annualized return rate. They are often more keen to pursue investment opportunities that promise high returns and can get rich quickly. Although such opportunities are often accompanied by high risks and may even involve fraud.
For investors with a small amount of capital, the psychology of pursuing quick returns may cause them to overlook the crucial importance of risk management. In fact, even a 20% annual growth rate may be difficult to attract them because such a growth rate is relatively slow and it is difficult to see obvious improvement in financial conditions in the short term.
On the other hand, for investors with large amounts of capital or professional investors, they may prefer more stable investment strategies. In this case, even if the annual return rate is low, due to the large capital base, the absolute return amount is still considerable. For example, providers of account custody services may choose investment strategies with lower risks. Even if the annual return rate is only 20%, due to the large scale of managed funds, they can still obtain considerable returns after deducting customer earnings.
Forex multi account manager experiences sharing | Individual investors in the foreign exchange market should beware of free temptations, especially short-term trading training, which often hides traps.
In the field of the foreign exchange market, individual investors must be highly vigilant against those seemingly free temptations because there is usually huge risk and cost lurking behind them. Especially those free training courses are often filled with concepts such as short-term trading, high-frequency trading, and stop-loss. To a large extent, these concepts serve the interests of trading platforms. This is an important reason why most retail investors engaged in short-term trading ultimately suffer losses. They are misdirected in the initial stage and thus accept wrong investment concepts.
In fact, the success probability of short-term trading is extremely low. The so-called short-term, high-frequency, and high-leverage trading indeed requires frequent use of stop-loss strategies. On the contrary, low-frequency long-term trading usually does not require frequent stop-loss. The reason why retail investors need stop-loss is often not due to wrong judgment of market direction but due to their own insufficient funds. The combination of the scarcity of funds and the use of leverage will inevitably significantly amplify risks.
This is the fundamental factor that causes most retail investors in short-term trading to incur losses. When they gradually realize this problem, they often find that they have already paid a high price, and by then it is usually too late. In some cases, investors with larger amounts of funds may be at a disadvantage instead because their losses may be more severe.
In short-term high-frequency trading, stop-loss often becomes one of the sources of income for the platform, and the forced liquidation of ultra-short-term foreign exchange traders may become the platform's betting income.
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou
13711580480@139.com
+86 137 1158 0480
+86 137 1158 0480
+86 137 1158 0480
Mr. Zhang
China · Guangzhou