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 | Investors also need to overcome the interference of several wrong investment psychology concepts.
In the trading field, the psychological state of investors is crucial for their success. In addition to dealing with relationships with family and friends and self-psychological adjustment, investors also have to overcome wrong investment psychology theories such as the so-called "Uselessness of 10,000 Hours". This theory implies that only reaching the top three in sports competitions can be regarded as success, but this does not work in the investment field. In fact, if investors are willing to invest 10,000 hours for in-depth exploration, most of them should be able to obtain a stable source of income for life, and the successful ones will be a group rather than just a few individuals. Investors must not be blinded by the phenomenon of champions, runners-up and third-place winners in sports competitions, which may prevent them from having a basic understanding of investment success. It may take three days to understand a person, thirty days to master an investment variety, and three years to deeply understand an industry. These are all normal learning and cognitive processes, and investors should not expect quick success. The trading industry usually considers the result to be more critical than the process, but this cognition ignores a fact: the result may be fleeting, while the process is long-term. Investors should be clear that the long-term learning and practical process is the key to achieving success.
Forex multi account manager | The more you read, the greater the loss | The more training you receive, the more you lose.
In the field of financial trading, a rather common cognitive bias is the belief that extensive reading of related books and participation in numerous training courses can directly lead to successful trading. However, such a belief often leads to a paradoxical situation: the more books one reads and the more training courses one attends, the higher the probability of loss.
The reason behind this situation is that the market is filled with a vast number of books written by those who do not make a living by trading. These people rely on the sale of books for their livelihood rather than profits from trading. Therefore, the information they provide may be misleading, causing readers to be confused and perplexed when faced with numerous conflicting viewpoints.
Similarly, many providers of training courses make a living by conducting training rather than earning income from trading. Such training courses usually lack effective after-sales services, and their promotion and publicity strategies are often aimed at attracting attention and making profits rather than truly helping students master trading skills.
Whether through reading books or listening to others' opinions, true knowledge and wisdom often stem from an individual's in-depth understanding and internal digestion. A word of true teaching may stimulate thinking more than a lengthy discourse. Only when an individual can independently filter and absorb information and transform it into his own views and strategies can these theories and knowledge exert their due utility. Otherwise, no matter how others teach, it is difficult to translate into actual trading results.
Forex multi account manager | The Devil's Gift and the Devil's Rules in Foreign Exchange Investment Trading.
High leverage in forex is like the devil's gift, and the platform providers that offer high leverage in forex are like the devil giving the gift. In the forex market, high leverage trading is often regarded as a double-edged sword. It gives traders the possibility of magnifying profits, but at the same time magnifies risks. Some platform providers attract investors who are eager to make quick profits by offering high leverage trading. To a certain extent, this approach can be regarded as a temptation, similar to the legendary "devil's gift".
Forex short-term trading and ultra-short stop-loss are like the devil's rules, and the trainers who provide short-term trading training and stop-loss training are the devils who brainwash people. Furthermore, although short-term trading and ultra-short stop-loss strategies can serve as means of risk management in some cases, overly relying on these strategies may cause traders to fall into the vicious circle of excessive trading. This behavior pattern is sometimes criticized as following a "devil's rule".
Forex multi account manager | Long-term investment experts are investment experts who can skillfully handle left-side trading and right-side trading.
Entering the position on pullback is left-side trading, and entering the position on breakout is right-side trading. Unifying terms means unifying thoughts and can avoid confusion in thinking.
For small-capital traders, buying on rallies and selling on dips belong to right-side trading, while bottom-fishing and top-picking belong to left-side trading.
The left-side trading of large-capital investors is manifested as follows: When the general trend is rising, they buy when the price pulls back to the previous low area of the stage. When the general trend is falling, they sell when the price pulls back to the previous high area of the stage.
The right-side trading of large-capital investors is as follows: When the general trend is rising, after buying when the price pulls back to the previous low area of the stage, when the pullback trend stabilizes and rises again, they make a second purchase, which is a right-side purchase. When the general trend is falling, after selling when the price pulls back to the previous high area of the stage, when the pullback trend stabilizes and falls again, they make a second sale, which is a right-side sale.
Most true short-term trading experts adopt right-side trading and use breakout entry as the method.
True long-term investment experts usually use both left-side trading and right-side trading. Entering the position on pullback is used to build a low-cost position, and entering the position on breakout is used to add to the long-term position.
Forex multi account manager | Investment Psychological Defense Mechanism Activation: Knowing the Mistake but Not Admitting It, Admitting the Mistake but Not Correcting It.
In the field of forex investment, when facing losses, some investors may, based on the psychological defense mechanism, choose to exaggerate their own profit situation to maintain self-esteem and confidence. This phenomenon is particularly significant in countries such as China that attach great importance to face culture. Social pressure and face culture may lead investors to decide to hide the truth when suffering losses to avoid being regarded as unsuccessful investors. However, such actions not only cover up the true investment results but also may prevent investors from facing their own mistakes and the timing for correction. In the field of forex investment, only investors who dare to admit and correct mistakes can succeed in the long-term investment process. However, for malicious and negative critics, one can occasionally protect oneself through white lies to avoid affecting the investment.
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