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How do you view the advertising behavior of the salesmen on the platform? The more salesmen, the bigger the platform, the more trustworthy it is?

listening to the snow late at night

I feel that the current trading group is not as pure as it was a few years ago. I joined some trading groups to communicate and learn. Every time I finish speaking, a salesman will definitely add me (without repeating the same), but the behavior of the salesman is really strange. It's disgusting. Does it mean that the more salesmen there are on a certain platform, the stronger and more convincing that platform is?

Why gold has always been a top choice for investors

first time entering shehui!

Firstly, gold is considered a safe haven asset, meaning it retains its value even during economic uncertainties. It has a long-standing reputation as a store of wealth, dating back thousands of years. Secondly, gold has a limited supply, making it a scarce resource. This scarcity gives it intrinsic value.

Eight "deformations" of the king of MACD indicators

trust

In financial market investment, the MACD indicator, as a means of technical analysis, has been recognized by the majority of investors. However, how to use the MACD indicator to achieve the best investment income is little known. Next, I will explain the operation of the MACD indicator in detail for you. The two lines of DIF and DEA in the MACD indicator, according to their positions above and below the zero axis, and whether there has been a dead cross before the golden cross and the position where the dead cross occurred, there are eight types of graphics, which are: bergamot upward, Ducklings come out of the water, rise to the sky, swans spread their wings, aerial cables, aerial cable cars, submarine cables and sea fishing. 1. The bergamot upwards Definition: After the golden cross between DIF and DEA, it goes up against the price rise, and then goes down with the price callback. Turning upward, it forms the upward shape of the bergamot. Practical significance: In the bergamot upward pattern, the DIF line goes up again before it reaches DEA after a brief pullback, indicating that the market’s upward momentum is very strong, and the price will have a larger upward trend in the future. Investors can go up again in the DIF time to buy. Best buying point: When DIF forms an inflection point of heavy volume, it is the best buying point. Actual combat legend: 2. The ducklings come out of the water Definition: This form is the bottom form that appears when the selling price is exhausted after the price bottoms out. When the DIF is below the 0-axis after the golden cross DEA line, it does not cross the 0-axis or a little above the 0-axis before returning to below the 0-axis , and then dead cross DEA downwards, and then golden cross the DEA line again a few days later. At this time, the MACD indicator forms a duckling out of water pattern. Practical significance: After the price rebounded, the main force suppressed the callback again, and after confirming the stability of the bottom, it pulled up and rebounded again. The main reason is that the dealers use the method of suppressing and washing the dishes to build a second bottom. MACD forms a horizontal figure-of-eight pattern near the zero axis. The best buying point: After the MACD completes the 8-figure structure, the second MACD golden cross direction is not the best buying point on the day. Actual combat legend: 3. Prosperity Definition: Flat progress means that the DIF line crosses the DEA line above the 0 axis, then crosses the 0 axis, and then crosses the DEA line on the 0 axis or above the 0 axis. Practical significance: The formation of this pattern means that the price is consolidating on the way of bottoming out, and some are bottoming patterns, showing an upward trend. It should be understood as a signal of active intervention. When a buying point appears, one should decisively enter the market and hold a position to rise. Best buying point: When DIF and DEA are making a golden cross near the zero axis, it is not the best buying point on the day when the volume can increase. Actual combat legend: 4. The swan spreads its wings Definition: DIFF is below the 0-axis golden cross DEA line, and then pulls back without crossing the 0-axis, and moves closer to DEA. The MACD red column shortens, but reverses upward again without the dead fork DEA. At the same time, it cooperates with the MACD red column to lengthen, forming The shape of a swan spreading its wings. Practical significance: The formation of this pattern is mostly a bottom pattern, which is the bottom pattern that appears when the selling price is exhausted after the price bottoms out. It should be understood as the main position building area, and you can choose an opportunity to intervene. The best buying point: DIF Jincha DEA, and accompanied by the increase in volume, is the best time to buy. Actual combat legend: 5. Aerial cables Definition: After the DIF runs on the zero axis for a period of time after the golden cross DEA on the zero axis, the price adjusts and the DIF also pulls back downward. A new rally begins when they separate and diverge long, forming a buying opportunity. Practical significance: The emergence of this pattern is mostly caused by the upside consolidation and the main force washing the market. After a short period of consolidation on the way up, the price presents a strong upward attack pattern. It should be understood as a signal of active intervention and decisive buying. Best buying point: When MACD forms a cable car (cable) technical form, DIF and DEA once again complete the golden cross, and the day when the volume can increase is the best buying point. Actual combat legend: 6. Aerial cable car Definition: The DIFF line crosses the DEA line above the 0 axis, but does not cross the 0 axis. After a few days, it crosses the DEA again above the 0 axis. Practical significance: The emergence of this pattern is mostly due to the upside consolidation and the main force washing the market. After a short-term adjustment of the price, it shows a strong upward momentum, which can be understood as a signal of active intervention. You can buy decisively. If you can continue to increase the volume, you can firmly watch many. Actual combat legend: Since the shape of the aerial cable car and the aerial cable are very similar , the actual combat diagram is omitted here, and interested friends can find it by themselves. Special reminder: The main difference between aerial cable and aerial cable car is that it does not have a dead fork, but aerial cable car has a dead fork! The same point is: their moving average systems are often arranged in multiple heads. In actual combat, due to the relatively active trading in the foreign exchange market, the same form can be adopted for the judgment of aerial cable cars and aerial cables, that is, the double-line entanglement of DIF and DEA. 7. Submarine cables Definition: The submarine cable usually refers to the MACD indicator running below the 0 axis for a long time, after the white DIF line and the yellow DEA line form a golden cross (the golden cross below the 0 axis), the performance of the two lines did not rise very strongly , on the contrary, it is bonded with the yellow DEA line to form a straight line, and the values are almost equal. Once the two lines start to show long divergence, it is an opportunity to buy. Practical significance: Generally, when the submarine cable form below the 0 axis is formed, it is usually a bottom form that appears when the price has fallen to the bottom and the selling is exhausted. At this time, it can be understood as choosing an opportunity to intervene. For example, when a buying point appears at this time, decisively intervene, and the shareholding is expected to rise. The best buying point: When the yellow and white lines of the macd indicator are separated below the 0 axis, the day when the volume can be increased at the same time is the best buying point. Actual combat legend: 8. Sea fishing for the moon Definition: Haidilaoyue shape means that DIF and DEA have a second golden cross below the zero axis. Practical significance: Haidilao’s moon shape indicates that the downward trend has come to an end, and the market bottom has been completed, and the price has begun to bottom out, and investors can choose the opportunity to buy. The best buying point: When the MACD forms a second golden cross below the zero axis, it is not the best buying point on the day when the volume can increase. Actual combat legend: Write at the end: 1. MACD is just an indicator tool, so don't rely too much on it. 2. In the foreign exchange market, the trading volume is relatively vague. You can learn from the changes in the MACD column and understand it as the change in trading volume. You think that whether each form can be operated or not, volume is a very important aspect. 3. The trend is king. Before using these eight bullish patterns, it is best to know the current market trend. 4. In the process of application, how far the market can go depends on the time period and whether there is a deviation. 5. Only eight rising patterns are mentioned here. Those who are interested can deduce eight falling patterns. In this way, sixteen patterns can be formed. 6. For unfinished matters, leave a message to discuss.

What is the core secret of your profitable trading? Can you share it?

half of the sky

Master, you want to ask me how to make money? In other words, before my trading was indeterminate, it was not until I read the book "Ghosts of Wall Street" that I slowly formed my own trading style and formulated my own trading system. Of course, everyone's trading style is different, so if I just tell you my trading system, you may not make a profit because of it, or even go astray. Therefore, I think that instead of talking about my core secrets of trading profits, it is better to tell you the three major principles I learned from the book "Wall Street Ghost", so that you can build your own trading system on this basis; only in this way, you Only in this way can you find the core of your own profit, without asking around for other people's secrets. Rule 1: Only hold correct positions. That doesn't seem like anything extraordinary, and in fact I think that if I had to sum up this book in one sentence, it would be this one. Most of the trading books on the market first emphasize the importance of stop loss, through stop loss to protect our principal from too much damage. The subtext of stop loss is that unless it is proved to be wrong by stop loss, the position you hold is correct. This is the essential difference between the two laws. My understanding is just the opposite. I think trading is a loser's game. That is to say, if it is not proven to be correct, it is wrong. According to the first rule, as long as there is no rising position within our approved range, it should be cleared. This is much more active than the stop loss rule, and the position cleared at this time may still be slightly profitable. Even if there is a loss, the loss will be much less than the passive stop loss caused by hitting the stop loss position . Based on my past experience, the stop loss trades that end up losing money are usually the ones that lost money in the first place. Rule 2: Overweight the correct position. This is the secret to all winners. Without this, we will fall into a purely probability game. In order to win, we can only constantly seek to improve our winning rate, but the facts have proved countless times that we are humans and not gods, and our winning rate is limited . With this rule, we can continue to increase the price at the right time to expand the fruits of our victory. Soros is one of the best players. Once Miken Drew held a US$3 billion pound position, Soros ridiculed him "is this also called a position?" and encouraged him to double his position. In the end, Quantum Fund's pound position exceeded 100 million. billion, creating a brilliant record of defeating the Bank of England. In practical application, the second rule is also very helpful for the swing operation of stocks, but it is not very helpful for intraday trading. "Wall Street Ghost" also spends a lot of time explaining this point, which is more suitable for intraday trading The most important thing is to directly establish a large enough position, which is caused by different trading cycles and modes. Rule 3: Sell all stocks within two or three days after placing a huge amount. Anyone has to admit that there is no perfect selling rule in this market, and the third rule can only be aimed at specific situations; because the definition of huge volume varies with the actual situation of trading volume, this rule three can be Operability is relatively low. Of course, in fact, some selling rules have been taken into account in the first rule: as long as the rising situation no longer meets your original expectations, then you should sell decisively. Therefore, rule three can only be used in specific situations, and cannot be applied indiscriminately. In other words, in just a few hundred words, I mentioned the title of the book several times. I hope the title owner will not think that I am selling books, right? I also hope that the three rules I summarized will help the subject to establish his own profit-making secrets.

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What nonsense have you heard in trading?

brother hao

It was interesting to see this official question, so I decided to answer it! Basically, the entire financial industry has a popular saying: high risk high return! It seems that many people regard him as the bible, but I don't agree, this may be the biggest nonsense in the industry! Let me talk about it based on my personal experience! Being attracted to the foreign exchange market is very simple, high yield. It is precisely because after entering the foreign exchange market, I know that the money comes so quickly. Of course, the same goes away very quickly. With 30,000 yuan, ordinary people can play in the stock market for a long time, and even novices can live for a long time. But in the currency market, every minute can be gone. This has to start from the beginning of entering the foreign exchange market. After being attracted, I want to invest some money for fun. That was in 2012. At that time, there was no online payment for currency, and you could only go to the bank to purchase foreign exchange through email channels; the minimum deposit amount was mostly 5,000 US dollars. Well, I entered the market with a deposit of RMB 30,000 without accident. It was only two or three years after graduation, and this was all I could afford. . . Well, I still asked my family to take 30,000 of 5,000 pieces. At the beginning, he stayed put and frantically operated the analog disk. Also spent the first non-farm payroll in the simulated market. Jumping up and down excitedly, the money came too fast, it was a money grab. I can't wait to enter the market when the market opens on Monday. Since I was attracted by the big fluctuation of non-agricultural for the first time, I knew the data market and became crazy obsessed with it. . . At that time, I didn't know which data was important and which data could be ignored. Does this affect? It doesn't matter, just do it all! ! ! I manipulated the data several times, and the results were mixed, until the turning point came --- Eurozone CPI. When I was chatting with people before, someone told me: The most exciting thing about currency is the data. Once the data is released, the market will flutter~~, it’s all money. So I know that there is another way of data sheets --- betting on data, that is, entering the market in advance. Isn't it just entering the market early? This is not a problem. At that time, everything I saw was money, and all I saw was the road to the top, what? What should I do if I lose money? Sorry, never thought about it. . . Ever since, the Eurozone CPI entered the market ahead of schedule, with 1 lot of EUR/USD. As for the direction, it is too old to forget. . . After entering the market, like all people who are new to currency, they stare at the market without blinking their eyes. What? so serious? Oh, I didn’t know a few K-line patterns at that time, and I only knew the superficial reasons for the rise and fall, and I didn’t know anything about the trend. But does it affect it? It doesn't affect it, it doesn't affect me at all to keep an eye on the change of the money after placing the order. Fuying smiled openly, Fukui felt so empty in his heart, what a loss. . . Will it lose more? It should rise later. . All kinds of bloody plots are presented in the mind. Data released. . . . Huh~ earned it. At that time, I thought it would be no problem to hold it for a while. That excitement, the hand holding the mouse was shaking. Do you think I will close the position after a while? Naive~! Just when I thought it was almost the same, I was about to close the position and count the money. Stop ~ electricity ~! ! ! Where did the relevant APP come from at that time? Ever since, it was supposed to be a story about sleeping beautifully after making money, but the style of painting changed suddenly --- falling asleep uneasy. . . During the period, I woke up every now and then to see if there was a call. . . Anyway, I didn't call when I went out in the morning. Simply the result is good, rush to the company, a look, yo~! Made $700. It's mentally refreshing. The idea of making a data sheet became more and more firm. In this way, I, who knew nothing about the foreign exchange market, went further and further on the road of high risk and high return. . . . until. . . . Liquidation after 1 month. Yes, 1 month from deposit to liquidation. . . At that time, I was completely dumbfounded. . . I'm so broke? The wages saved for several years disappeared in one month? ? The background at that time was that I voluntarily resigned from the government agency (family members were dragged down), young and vigorous, thinking that the world is so big, I want to make a breakthrough. My aunt didn't want me to go out, so I asked my uncle to find several units, Zoomlion~Post~Urban Management, there are 7~8 anyway, and said: You choose one and enter as you like. The world is so big, I want to explore it. Yes, I did not choose one. . . Angrily, my aunt raised her hand and put it down several times. . . He had a complete falling out with his family, and then went out by himself. At that time, I thought I was quite individual, but now that I think about it, I was really self-willed. He was not beaten to death by his parents, so it was his own. back to topic. . . Being penniless, it was very difficult for me at the time. My family was cut off financially, and I wanted to be strong, so I ate steamed buns solidly for 2 months. . . After that, I became honest for a while, summed up all kinds of studies, and stared at the market for 12 hours a day (well, I was working in a currency company at the time, so I watched the market by the way). As for the follow-up, the liquidation was close to a year, and I couldn't help but went to my family to take another 30,000, and finally made more than 10,000 US dollars. This can be regarded as his first pot of gold. Today, I feel more and more that the phrase "high risk and high return" is nonsense. It's bullshit because it's true. That's not the case again. In many cases, such words are just a self-comforting word, that is, when you are ready to take risks or others persuade you to take risks, high risks and high returns pop up. This is purely sugar-coated poison. In the face of a certain risk event, everyone faces the same risk. But the income may not be high, it can only be said that it varies from person to person. Some people are masters and have strong abilities, and they can make profits in this risky event. What's more, the rate of return even doubled. But for people with insufficient preparation and average ability, they can only rush to the street. Therefore, the phrase "high risk and high return" is actually not appropriate when it comes to people. Because everyone's profitability is different. There is a classic saying on Wall Street: There are bold traders and there are old traders. But there are no bold and old traders. This sentence can actually explain two points very well: 1. Those who are courageous are dead. Why are you so brave? That is naturally a variety of high-risk events. People on Wall Street are like this, don't they know what's going on with them? 2. High risk and high return should not become the norm, only occasionally in rare cases. In fact, in the currency market, the usual stable market is enough to make money. Touch less data and less risky events. What we have to do is: pursue compound interest, not sudden profit.

How to understand "buy news and sell facts"? How to deal with similar data planes?

云的回忆

The situation mentioned by the topic can be described as "routine operation" in the trading market. We need to understand one essence: trading is always a fulfillment of expectations. We often say that stock trading is speculation in the future and expectations. In fact, any market is the same, it is a kind of hype about future expectations. Well, before major data is released, because everyone knows that this data may have a relatively large influence, they will invest in their own understanding of it, that is, trade before the data. If you are optimistic, buy up first, and if you are bearish, buy down first. So in the end, before the data is released, the market will move in the direction of most people, which is easy to understand. Then after the data comes out, it can be divided into two situations: 1. The market is accelerating. At this time, the market may accelerate to the previous direction, because the opposite investors realized that they made a mistake and closed their positions to boost the market; investors who did not enter the market before may catch up because of the good data. 2. The market reverses. On the one hand, it may be because the data is not as good as expected, and investors who bought before have left one after another, causing the market to reverse; Or, find a mistake and escape in time. The second situation here is the problem mentioned by the subject. Because the data fulfilled investors' previous expectations, investors closed their positions for peace of mind, which led to a market reversal. Regardless of whether it is in line with expectations, as long as investors choose to leave the market, it will cause the market to reverse. Regardless of the data itself, market fluctuations are only due to capital fluctuations. Then we only need to change according to the current situation of the market, without paying attention to too many other things. It would be even better if you have a trading system. Within the framework of your system, no matter how the market changes due to any reason, it is just an ordinary fluctuation. It will be clear where to enter the market and where to stop the loss. Therefore, no matter what kind of situation we face, we only need to stick to our own trading system, manage our risks well, and leave the rest to the market.

How do you break through the bottleneck when doing transactions?

jock

What are you talking about when you talk about bottlenecks? I think the bottleneck is not that you are stuck in one place and cannot get out, or stop at a certain stage and no longer rise, that is called a dilemma or stagnation. Think about the shape of a bottle and its neck, it's not sealed, it's just a narrowed passageway to continue upward. This means that you have to change the way and mentality of rough progress, and start targeted improvement and intensive cultivation. After distinguishing the above two concepts, let's discuss your current situation. If you say your situation is stuck or stagnant, then in my opinion, it can mean two things: 1. You are satisfied with the status quo or think you are perfect. 2. You can't find any problems or shortcomings that limit your development. If it is 1, then congratulations, you are happy and content, you don’t need to ask anything, just keep your state and mentality. If it's 2, then go find it. If you have found the problem and the reason that restricts your development, then congratulations, you have found the narrow upward channel, our last concept - the bottleneck. You know what is limiting your development, your bottleneck, and just fix it, or re-ask the more specific questions you found. Having a bottleneck is a good thing in my opinion, which at least shows: 1. You already have a certain level and height. 2 You at least have a clear direction in which you can improve. If you can easily find a dozen or twenty problems that limit your own development, it can only be said that we are still far from the bottleneck, and we have just started or even not yet started. Just like the example of typing speed mentioned earlier, our typing speed has not improved for several years, and it is not because of a bottleneck at all. Because we are simply satisfied with our typing speed. If you think about it casually, you can come up with ways to improve your speed in more than n minutes, such as changing double spells, practicing combinations, watching first spells, memorizing sorting, etc. What is this bottleneck? We are simply very amateur laymen. No progress for a long time does not mean that you have reached a bottleneck. We have tons of things to do to make us professional. Looking at the question, the subject should know that he has a problem, and probably know what the problem is, so you understand what my suggestion is. Say more: It seems that we are naturally attracted by such words as breakthrough, outbreak, bottleneck, replacement, and invention. We are insensitive, or lethargic, to things that are slow, repetitive, and still. Our favorite things to move. The faster and more violent the movement, the easier it is to attract our attention. In this respect, we are not much different from frogs. This trait means a lot to us in avoiding danger and catching prey—survival—but this way of thinking seems to be an obstacle to excellence, top notch. This way of thinking is more suitable for watching novels and movies. Because in order to cater to you, the author selects the exciting parts and skips the boring parts. Of course, there is really nothing to write. Think about the story of Goujian, the king of Yue, who tried his best to endure hardships. How wonderful is this short one. We can see stories that way, but we can't see real life that way. It took 21 years for the Yue Kingdom to go from being destroyed to Goujian's success in revenge. More than seven thousand days. You can write 30,000 to 40,000 words just by writing 4 words about eating and sleeping every day. Can you imagine how boring it is to watch a story like this? But when we really experience it, every day is basically repetitive and unremarkable. Not so many breakouts, bursts, and bottlenecks. You said Goujian's 21 years, when is the bottleneck, where is the breakthrough? Maybe not, just a lot of repetition, constantly tinkering according to the goal, and solving the problems encountered. After accumulating for a long enough time, looking back, telling a story is already such a magnificent career. Peasant uprisings never erupted suddenly: so many people and peasants in such a wide area risked their lives to overthrow the imperial court, which was completely disproportionate in strength, how could it "suddenly" and "explode"? The electric light was never invented suddenly, it was just one of many experiments. Tencent has never taken off suddenly. It is an iteration of countless versions of products that are tinkered with customer needs. Sudden, explosive, and breakthrough are only words used from an outsider's perspective, or when telling a story in retrospect. If you are in it and participate in every process, these so-called breakthroughs are actually a long process, even a bit boring. You can go a thousand miles without accumulating steps. It’s not just telling us not to take small things seriously. The point is that you have to keep accumulating and solving small problems, and move forward with corrections. After a long time, when you look back, you are in the eyes of others. It has exploded thousands of miles away. If you can still find short boards and shortcomings, you don’t have to rush to think about bottlenecks, breakthroughs, and prosperity, just practice, correct, and strengthen them. In Chinese culture, flowers, birds, fish, insects, tigers, leopards, and wolves can all be cultivated to become immortals, let alone you, a smart living person? What is cultivation? Cultivation refers to the correction and fine-tuning of directions and mistakes, and it is tinkering. Practice is repetition and mastery. Look, there is nothing earth-shattering and explosive.

Can retail investors make money by imitating the single-handling methods of large institutions?

nothing else needed

First of all, we will not discuss the order-making methods of retail investors and large institutions, but only talk about the differences between the two. Retail investors are defined as individual investors with a small amount of investment. The main components of retail investors are students, wage earners, laid-off workers, retirees, etc., as well as some self-employed individuals with certain capital. Institutional investors refer to legal entities that specialize in securities investment activities with their own funds or funds raised from scattered public hands. In Western countries, securities companies, investment companies, insurance companies, various welfare funds, pension funds and financial consortiums whose main source of income is securities are called institutional investors. The most typical institutional investors are mutual funds that specialize in securities investment. The so-called "institution" of institutional investors is a legal person organization in the financial industry. Now that the definition between the two is clear, let’s summarize the characteristics of the two types of investors. First of all, due to the limited funds and large number of retail investors, the behavior of retail investors in stock market transactions is obviously irregular and irrational, and their emotions are easily influenced by market conditions and atmosphere. The efforts of retail investors are undeniable. Many people learn technology and strategies on the Internet, and they find a lot of things and messy things. Accepting without judgment or screening is not enough for people to make substantial progress. Market analysis and information collection will be missing, and most traders are advancing in groping. Looking at the institutions again, they have a large number of professionals and have absorbed many professionals to do various parts of the work, with professional investment management. Institutional investment generally has relatively strong financial strength, and has set up special departments in investment decision-making operations, information collection and analysis, listed company research, investment and financial management methods, etc. Theoretically speaking, the investment behavior of institutional investors is more rational, the investment scale is relatively large, and the investment cycle is relatively long. Institutional investors have more capital in the market. In order to reduce risks as much as possible, institutional investors will make a reasonable investment portfolio during the investment process. The huge funds, professional management and multi-faceted market research of institutional investors also make it possible to establish an effective investment portfolio. To sum up, personal trading is a relatively casual investment behavior. However, the institutions are more rigorous, and there are big differences in terms of professional staffing, learning channels, and investment management. Different trading styles are inevitable, and there is no mastery under different conditions. So can retail investors imitate it?

What are the reasons for losing money?

银河云凯西

It is a well-known fact that a large number of traders lose money. Here are a few of the most common reasons why beginners lose money, hoping to help. Reason #1 Hope to Beat the Market The market is not something you beat, it's something you understand and join when the trend is established. Having a "beat the market" mentality can often lead traders to trade too aggressively or go against the trend. Reason #2 Low Capital Most traders start out looking for a way to get out of debt or make easy money. Marketers in the forex market usually encourage you to trade large lots and trade with high leverage to generate huge returns on a small amount of initial capital. But this often backfires. It is possible to generate outstanding returns on short-term, limited capital, but the reality is that you have to have some money to make some money. With too much leverage and only a small amount of capital, the ratio is out of balance, the risk is too high, and you will find yourself getting emotional about every up and down of the market. Reason #3 Failure to Manage Risk Risk management is the key to a trader's survival. You can be a very skilled trader and still fail due to poor risk management. Your first job is not to make a profit, but to protect what you have. As Paul Tudor Jones, an American billionaire hedge fund manager, said: "Don't focus on making money, focus on protecting what you have." When your capital is depleted, you Lost profitability. Reason #4 Greed Some traders believe that they must take every point from a market move. Trying to catch every last pip before a currency pair turns can cause you to hold a position for too long and cause you to lose the profitable trade you were trading. Reason #5 Indecision Sometimes you may find yourself suffering from deal regret. This happens when you don't make an immediate profit after opening a position, and you start telling yourself that you're going in the wrong direction. Then you close the trade and reverse it, only to see the market go back to the original direction you chose. Reason #6 Trying to Pick Tops or Bottoms Many new traders try to pick turning points in currency pairs. They will take a trade on a currency pair, and when the pair has been going in the wrong direction, they will continue to add to their positions, convinced that the currency pair is about to turn around this time. If you trade this way, you end up with much more risk than you planned and a very negative trade at the same time. Reason #7 Refusing to Admit Mistakes Some trades just don't work out. It's human nature to want to be right, but sometimes you just aren't. Sometimes you have to admit that you made a mistake. Either you entered the trade for the wrong reasons, or it didn't go the way you planned. In either case, the best thing to do is to admit your mistake, walk away from the trade, and move on to the next opportunity. Reason #8 Buying Trading Systems Blindly There are many trading systems of varying quality for sale. Some people will continue to blindly buy the system, can't find a good trading system, and finally give up, thinking that there is no way to win. Winning in forex trading is as hard work as anything else. You can achieve success by building your own methods, strategies, and systems, or by learning to judge the true value of a trading system, rather than blindly buying worthless systems from unreliable marketers.

Why do really successful traders never share their methods or strategies?

颜小明

Don't be superstitious about "strategy"! First of all, some successful traders will share their strategies, such as the famous public trading system turtle trading method. All that aside, I believe that those who ask these questions a lot, and those who ask me or my trading friends about strategies, are misunderstood about "strategy" itself. A "strategy" is not a blueprint for success, nor is it a top secret worth a trader's life protecting that will allow a trader to magically "dig" money out of the market. This is the truth, but some people don't want to believe it. Traders with a few years of experience don't ask about a strategy at all, they ask more detailed questions like: Which market signals do you believe in? What are the entry/exit conditions? Which order type to use? Why? Then, they began to ask more detailed questions, for example, how to face the loss caused by the mismatch between trading strategy and market behavior? How to find out the market conditions suitable for a certain trading strategy? When do market conditions usually appear for this trading strategy etc... Novices need not strategy, but experience. If they find competent people who are willing to provide guidance and help them gain experience faster, they can create or implement trading strategies. Newbies spend a lot of time asking questions, but I hate to spend that much time on everyone who asks. Don't get me wrong. I am happy for everyone who has found success with my strategy. I'm also proud that the strategies I've shared have improved the financial situation of quite a few traders, but at the end of the day: my job is trading, not teaching. "Strategy" is too valuable to share! There are obvious reasons why most truly successful traders do not share their strategies. It's hard to imagine a skilled professional trader coming home from get off work and teaching people how to trade online. It's even harder to imagine them spending more time teaching than trading. Traders profit when they have an edge. Imagine if you are a long-term profitable trading master, when you find this advantage in yourself in the market behavior, it is very valuable to you, if it may become invalid after sharing it with others, then you will Wouldn't you share your advantage with others? Neither will you, let alone share it for free, and this advantage is your trading strategy. It is undeniable that there are also some profitable traders who are willing to share their wisdom about trading and the market. Some of them want to use this to build their own business, build their own brand, increase their career opportunities, some want to sell such strategies to get extra income or make more money to do transactions, and some Maybe it's just because I happen to have a little spare time and want to provide someone with a little value, or just to talk about something they're passionate about. But in any case, it is rare for you to meet a truly successful trader who will teach others to trade. The reasons vary from person to person! A lot of profitable traders have found the knack of trading, but they only focus on making trades for themselves, waiting for profits, and don't think about others. Greedy traders don't want their strategies to be taken advantage of by others. The average trader fears that his strategy will not work if he shares it. Some traders may worry that others can make more money than they do using the same strategy. Some traders feel that there is some kind of competition in trading, just like in other industries. Busy with my own business and life~ There are indeed some professional traders who share their strategies with retail investors. But in general, most professional traders seldom do this, mainly because they are busy trading their own accounts. Second, they don't want the hassle, and they don't care about the money they get from teaching the strategy. Because there are some professional traders who literally live the dream life. They spend a few hours, or a day trading, and the profits they get can make their lives very nourishing. And dropping all of that in order to teach a group of retail traders how to trade is not something everyone can do. Transactions cannot rely on others! Many traders are secretive and won't tell anyone about their trading strategies. They spend a lot of time and energy developing their own strategy, if it were you, would you tell the world how you make money? It is not ruled out that some traders will help others and tell them their own strategies. But most professional traders believe that traders need to do their own trading and analysis, rather than relying on others to easily acquire trading skills. A good trader ≠ a good teacher! I don't know what your job is, but would you spend time every day teaching newbies? Even if you would, most probably wouldn't. The teacher's task is not easy at all, even sometimes boring, sometimes frustrating. So most people in any field don't want to be teachers. Furthermore, a successful, professional trader does not necessarily make a good trading teacher. You are the crux of the matter! That's not to say they don't want to share it with you. Trust me, they will. They will even write books and make videos to teach you how to trade. But, you are the crux of the matter, and you are the one who puts the strategy into practice. There is a difference between understanding strategies and applying them, and if they were the same, we would have physics without engineering. Successful traders share their strategies, and they do so often. But I've found that most of the sharing doesn't tell you exactly how to find the right conditions to apply these strategies. Of course, the appropriate conditions mentioned here do not refer to appropriate platforms and funds. Mark Douglas (Mark Douglas) said: "Successful trading is 80% psychological and 20% technical". So, don't worry too much about strategy. I suggest you only master a few. Like I have only mastered 2 and I believe there is no need to master more. Therefore, the most important thing is to grasp the market conditions applicable to the strategy, and do a good job of psychological construction, so that the strategy can work without human interference. Why share? Successful traders are extremely rare, and becoming one is extremely difficult. So why would they give away the keys to their success for free? 90% of trading depends on emotion, 10% depends on strategy, and the other 90% needs to participate in the market, and learn by yourself after losing money. Strategies can be learned, but experience cannot be learned. You need to practice and gain experience by yourself. Even if you teach it, you may not know how to operate it! People tend to look for a "magic bullet" for their strategy and assume that successful traders are successful because they have encountered one or invented one themselves. This is not the case, and no strategy will make you 100% profitable. Most success comes from experience trading the markets. Successful traders know when is the best time to trade and when to exit to minimize losses. Plus, they have all sorts of other skills that many novices don't have. The above valuable experience is based on their rich trading experience, even including the painful experience of losing their own hard-earned money. So, even if successful traders decide to share their highly profitable strategies, most novices won't know how to do it. Because they may get out early, they may be overweight, or they will get out as soon as they start losing money, and finally give up this strategy. It's like asking a 10-year-old to drive a Lamborghini - even though they know the basics of driving a car (braking, accelerating, steering), the actual driving process is far more complicated than they expected. The little-known "secret"~ Professional traders do not expect most retail investors to become trading experts. Because retail investors provide liquidity to professional traders, allowing them to exit trades when retail investors enter the market. As an example, professional traders take positions long USDJPY 6-12 months before an event and then close out when the news breaks that they are long USDJPY. Retail traders imitated professional traders and also went long on the US-Japan pair, but by then, professional traders had already stepped out. This can only happen if the broker provides sufficient liquidity, which is provided in part by retail investors.

How to draw a trendline on MT4?

该账号已注销

Many friends will ask me: how to draw the trend line? How to use it? Trendlines are frequently used technical indicators in trading; today's article mainly talks about how to draw trendlines on MT4. MT4 software is the trading software used by 99% of traders. The function and convenience of this software are better than those of Wenhua Finance and Game Master in China. The trend line is one of the simple technical indicators in technical analysis. The purpose of drawing the trend line is to conduct price analysis, find the support or resistance of the price in the future, and use it to make trading decisions. The article is long, it is recommended to bookmark and read, if you think it is rewarding, you can like it. First: What is a trendline? The source of technical analysis is Dow Theory, which has the logic of peaks and troughs. Uptrends are ever-higher peaks and troughs, and downtrends are ever-lower peaks and troughs. An uptrend line is a straight line drawn upward along a rising trough. A downtrend line is a straight line drawn down from the peaks of successive rallies. This is the most basic concept of trendlines. When I was in school, I learned the theory of mathematics. Two points determine a line. Therefore, to draw a trend line, you need two rising troughs or two falling peaks. The figure below is a schematic diagram of an uptrend line and a downtrend line Second: How to draw a trend line (All the examples below take the rising trend line as an example) (1) Draw a trend line to connect the upper and lower leads of the k-line, do not connect the entity of the k-line; do not have price crossings; connect the lowest point of the peak and trough, the purpose of drawing this line is mainly to ensure the consistency of each line we draw sex. Because once the trend line is allowed to cross the leading line or entity of the k-line, it is difficult to define the range that can cross the shadow line and the entity? This will result in the inconsistency of the standards in the process of marking the line; the inconsistency of the trend line has no execution power in actual combat. see legend (2) Connecting peaks and troughs at the same level; the trend of the trend is cyclical; only the peaks and troughs connecting the trend line at the same level have the meaning of technical analysis; that is to say, the trend line can be used as support in this case and resistance use. see legend (3) The rising trend line connects the low point before the high point; the downward trend line connects the high point before the low point; this line combines the logic of Dow Theory, and many traders draw the wrong high and low based on the current price point. (4) The trend line can be used as a support before the position is broken, and it has a counterpressure effect after the position is broken. Once the upward trend line is broken, it will act as pressure, and once the downward trend line is broken, it will act as support. (5) The trend line is used in combination with other indicators, such as the most common k-line reversal. It can also resonate with indicators such as moving averages to enter the market. Third: the limitation of the trend line As the most basic technical indicator, the trend line has the biggest limitation that it needs to add the subjective judgment of traders. The trend lines drawn by different traders on the same chart may be different, and there is basically no unified standard, only general principles. Compared with other technical indicators, such as "moving average", the price of the moving average seen by everyone is the same; with the 60-day moving average as the support, all traders who use the 60-day moving average indicator will participate in the transaction at the same price; Because the price of the moving average is automatically generated by the chart, there is no need for human subjective judgment. Therefore, the moving average as a support level is more objective than the trend line; but the trend line, as a technical indicator for trend tracking, is more flexible than the solidification of the moving average, which can be large or small, close or far away, and is more conducive to tracking the market. The above is the basic method used in actual combat of the trend line. For more questions, please leave a message to me directly.

Forex to make money

How to determine whether your trading style is short-term or long-term?

miss you

What are the objective laws in trading? How should these rules be applied in trading?

有脾气的k线

Although the market is chaotic, objective laws do exist. Since laws are objective and existent things, there is no difference between useful and useless, and the results obtained are different from different perspectives. Market price behavior is irregular, but our operations can be regular. objective law ①. The market is unpredictable, and there are conceptual errors in any thinking of forecasting components. Whether it is the future trend or the precise point, it is impossible to predict accurately every time. Just like the London gold since this period of time, as early as 1800, some people predicted that 2000 would be the end of the gold rally. In the end, the highest price of gold stopped at 2074. Will this price be the historical high in the future? I am afraid that no one can know the exact answer to this question. After all, the uncertainty of the market trend is the objective law of the trading market. If you know this concept, you will not pursue accurate point analysis during the trading process. ②. Zero-sum market, a place for gambling. The capital market is a large-scale casino, and we traders are just gamblers participating in it. Fighting long and short, some people must make money and others lose money. In the material form of speculation, the pursuit of profit is our ultimate goal. A zero-sum market or a negative-sum market will not have the possibility of a win-win situation, which is also an objective law of the trading market. ③. Barrett's law (28th law). It can be said that any industry follows the powerful 80-20 law. The people who can make money in the trading market will eventually be a minority. If you do not have a deep understanding of this law and enter the market with a mortal heart, you may still lose money. one of the. Therefore, trading is not the only way to make money, and full-time trading requires risk assessment. Knowing the 80/20 rule, do you still think that you will definitely make a profit in foreign exchange trading? This is not to persuade you to give up, sometimes giving up is also a choice. ④. It is impossible for the market to have no quotations. We may often hear people say, "This stock will definitely go up today", gold must reach a certain price, and so on. Sometimes I admire the courage of these people and lament their ignorance. Nothing is impossible in the trading market. Warren Buffett, the stock god, had only encountered a U.S. stock market circuit breaker before this year, but this year, the U.S. stock market has been circuitous three times a day. Black swan events may happen every day, and nothing is absolute. Therefore, in the process of trading, if the direction of the market changes, there is no need to continue to insist. The trend will always change, and the trend will definitely change. Only by discovering the trend can we follow the trend. Objective laws in analysis ①. The price will run in a trend way. We pay the most attention to the trend of the trading market when doing transactions. Although the market will not always go out of the trend, the rise and fall of the price must conform to the Dow Theory, and the continuous switching of high and low points will eventually run in the form of a trend. In my opinion, shock is also a kind of trend, and the concept of trend must be premised on cycle. The trend of the 1-hour period is only the shock of the daily cycle, and the shock of the daily chart cycle is only a trend process on the monthly chart. ②. The market price includes everything. We perceive market fluctuations through charts, whether it is the stimulation of the news or the breakthrough of the technical pressure level, after all, it is displayed in a way that we can see. This is also the theoretical basis for technical analysis. After all, transactions are completed by people, and prices are always reflected in the form of charts. ③. History will repeat itself. The country is easy to change, but the nature is difficult to change. Since the transaction is dominated by people, the weakness of human nature will continue. Human trading ideas and weaknesses will also keep price action going. In addition, different varieties have different characteristics of varieties, such as the periodicity of varieties, trading time nodes (consumption concept stocks on the eve of the Spring Festival), and other factors will make the price behavior run repeatedly. Objective laws in trading ①. The only thing you can control is loss. The first thing that trading can do is to control risk, which is the only thing we can control in trading. The maximum loss of the transaction before each entry is controllable, and the profit can only be determined by the market. ②. Profit depends on time rather than windfall profits. Once upon a time, I also entered the trading market with a get-rich-quick approach. It is only now that I realize that only time will allow the trading industry to steadily increase the account. Huge profits are just a good expectation. Behind the huge profits are usually abnormal trading views and risks beyond control. Laws have always existed objectively. As for how to use them, this has to be determined with your own trading system.

Are traders with longer trading experience more powerful?

程大神

Although this is not necessarily conclusive, the longer you have been trading and the more experience you have, the easier it is to understand the risks. Why? Because I have experienced enough. I have a friend who knows a "master". His trading mode is very interesting, and this mode is for shocks. The specific method is, I will buy a little when it falls, and sell a little when it is high, and all kinds of flips... What I do is also flourishing. Then I discovered a phenomenon, that is, if there is a unilateral trend, this trading method is easy to buy more and more with no lower limit. For example, normally he opened 4 lots of palm oil, but one day the palm oil fell sharply, and he was able to add up to more than 40 lots, and the capital utilization rate was almost 80%. I asked my friend, don’t talk to me about how much money he makes with this method, and how good he is at making money. Since his method is not in the day, what should he do if the palm oil opens lower? My friend said, can't you? They all have their own unique methods to choose the varieties they trade, and they are all psychologically aware. All I can say to him is that you may lack the beatings of the market... He has never seen those cruel moments in the market. He does not know that the market can directly open the reverse limit. He may not know that the market may go from a daily limit to a lower limit in a few minutes. Even the board...the so-called sureness and methods are just personal rhetoric. If trading is suspended overnight, what is faced is uncertainty, and no one can escape. There is no big fluctuation in palm oil in the external market, which is good luck in the short term. When there is fluctuation, it is the day of defeat. He hadn't seen it, so he couldn't imagine the obvious risks involved. A trader with a longer trading experience may have a deeper understanding of risks, because he has a lot of experience of being hurt by uncertainty. He often loses all his floating profits, and he is often stopped just right. When he is most confident, he is often taught a lesson, and when he is most arrogant, he is always seriously injured. Similarly, he has seen too many so-called profiteering geniuses rise up in various fancy ways, and then quickly disappear after a short period of glory. He has also seen many people who are as arrogant as he was when he was young slowly disappearing in the long river of time. Therefore, he began to restrain his edge, focusing on the early stage with controllable risks to gain profits. Many people see this sentence and always feel that the second half is the key point, but in fact the core is the first half. Only when you are alive are you qualified to talk about benefits. Therefore, they no longer talk about multiples every day, and they start to study how to take the risks they want to take in exchange for the benefits they want. And those arrogant players who are bluffing are always lacking the beatings of the market.

How can I have the ability to make stable profits?

小小交易员

Thank you! Profit first, stable enough! This should be the logical order of the vast majority of people. There is no "doubt" about this "temporary", because many conditions and stages of each trader are different. First, we will say that this is stable according to popular logic, and then we will talk about conditions. Due to too much content, So I don't explain the "temporary" and "doubtful" this time, mainly because I am afraid of going off topic. . . ! Speaking of the topic, I believe that many traders do profit and loss calculations for themselves according to a certain period. For example, as short as 1 day, as long as a year, and then calculate your own profit rate. Speaking of this, what I want to talk about is this stable cycle, but this is easy to be regarded as a misunderstanding! Stable individuals are more inclined to play with technology, which is the same as the moving average of the same indicator in different time-sharing charts. It is impossible to enter the market at any time, and it is impossible to make a profit every time, but if we follow the cycle, we will be right about our own The cognition is misleading. I made $30,000 last month, but how can I earn $5,000 at the end of this month? So as far as I am concerned, the strategy is the key. If it is a trend, then it is the best stability to be able to make a profit within a trend! Next, let’s talk about the conditions. First, the most basic condition is that you must have a complete strategy group, yes! That’s right, it’s a strategy group. No single strategy can deal with all market patterns. Even if they are all rising patterns, the strategies must be different at different stages of rising. Some people may think that when the trend comes out, it’s nothing more than advancing The entry and exit points are different, and the strategy can still be applied. There is nothing wrong with this statement, but this will affect stability! If you want to be stable, you must divide your strategy by type, and then match the market form, so that you can maximize the applicability of your strategy! Don't think that a strategy can be simply modified! The implementation of the second strategy, this is something that most people cannot do. For example, if you set 3 entry conditions, you can execute it once, three times, or five times. After executing a certain number of times, you will change yourself! This is the flaw of my own character! No one will sit still in the market, which is why most lose money! Even if they are aware of it, there are very few people who can really change it. Just like many people ask, why do I enter the market to make money, but lose it soon? Why can't I catch it, and I'm out as soon as it rises a little! I personally think that most of the reasons are because of this, there is no good execution and a heart of commotion! Newcomers, if they can do these two points, it will be enough! This content does not include the formulation of strategies and strategy groups. Everyone has a different personality, and you still need to find a strategy that suits you. These foundations cannot be bypassed, unless someone can help you analyze your personality characteristics and your current situation. condition. Finally, I personally do not recommend pursuing stable profits in the growth experience, and it is recommended to use stable profits in team growth! What a single trader pursues should be maximizing profits (the maximization of profits mentioned here does not refer to heavy positions!) The strategy can be played out stably. In fact, the biggest problem is how much energy you can do. To give an example, one person makes a currency Yes, no problem. Some people can do two or four currency pairs, but you can’t do ten. It’s like seeing a lot of money that can’t be transferred. Therefore, people are needed, but there is no guarantee that you will find them. People can apply it exactly as you want. After all, the market is not in a fixed form, so the execution conditions are set here, and then more currency pairs are operated, so don't take this as your bottleneck, it is easy to be misled! The above views are purely personal nonsense, please communicate as you wish, and look forward to giving pointers!

Dear Hui friends, how to solve the situation of small profits and big losses?

胖松说汇1

Hello, the subject, I have been a trader for nearly 10 years. I also had the problem you mentioned when I first started trading. So let me first talk about some of my personal experience. In terms of trading profit and loss, it can basically be divided into five types: big loss, small loss, no loss, no profit, small profit, and big profit. Then we need to get rid of big losses and no losses and no profits. Because a big loss is likely to cause the account to shrink greatly, and the situation of no loss and no profit, I personally feel that there is no need to stay in this market. Then there are only small losses, small profits and big profits left. The reason why small losses are included is because we cannot guarantee a 100% correct rate, so what we have to do is not to let ourselves lose a lot, and then make up for this small loss with the small profits later, and then use the big profits to make up for it. To realize the profit of the account. Let me draw a sketch below to illustrate the capital curve of such an account: A simple sketch illustrates what I personally believe to be a funding curve. It’s a bit like the trend of the market. In the small loss and small profit, our capital curve belongs to the consolidation stage. After the breakthrough, it belongs to the violent rise stage to realize the growth of capital. Let's get down to business now. In daily transactions, the most common situation is a small profit and a big loss. It can be summed up into two categories: the first category is one's own technical problems; the second category is mentality problems, which we can also call execution problems. So let's start with these two aspects. 1. Technical issues: Have you ever had the feeling that "those bigwigs on Wall Street have hundreds of billions of dollars in their hands, but they are still staring at you?" Because when you buy, it will fall, and when you sell, it will rise. Staring at you, how could such a thing happen? In fact, it's not that they are staring at you, but because of the ever-changing market itself, you can't tell when it is rising and when it is falling. No matter what industry you are in, for technicians, you must have excellent skills to be competent for this job. Well, in the foreign exchange market, traders are also technicians, so we must also have our own set of trading techniques, commonly known as trading systems. But this trading system must be an effective trading system that has been tested for a long time. It cannot be said to be effective if you put it together or put it together. It must be a complete set of trading system. 2. Psychological problems: When we have our own effective trading system, there may still be problems of small losses and big profits. So this is a matter of heart. Mental problems can also be divided into two types: the first is that the investment is too large or the number of orders for transactions is too large, which makes it impossible for oneself to have a good mentality. Many people use loans or borrowings to conduct transactions. Using such money to conduct transactions must belong to the kind of situation where only profits are allowed but no losses are allowed. Such money cannot be used to carry out such high-risk investment products. Assuming we have 1 million, then we can spend up to 200,000 for this high-risk investment product, because even if all the money is lost, it will have little impact on our life and our mentality will be more peaceful. The other is that the order lot is too large. Just imagine, if you invest a total of 10,000 US dollars, then you place 10 hands in each transaction and 0.1 hands in each transaction, do you feel the same in your heart? The answer is definitely not the same. Therefore, we should carry out light positions. It is recommended that the maximum loss of each transaction is set at 2%, which is 10,000 US dollars, and each transaction is only allowed to lose 200 US dollars. In this way, the burden on yourself will be better, because the position is relatively light. Moreover, it takes 50 consecutive losses to liquidate the position, which is almost impossible to happen. The second is lack of self-confidence. This situation will basically happen after a continuous loss, and you will start to have thoughts. Because after consecutive losses, many people will wonder whether they have not learned it, or whether there is something wrong with this trading method? Once such a mentality is generated, it is easy to lead to an uneasy mentality, unable to strictly follow one's own trading plan to trade, and will eventually suffer a big loss. Therefore, when we have doubts about ourselves or the trading system, we should not make a conclusion based on a few orders. I personally think that it takes at least 100-200 transactions before we can make a conclusion. I also lost 10 transactions in a row, but I still have confidence in my trading system, because I have traded tens of thousands of transactions in the past few years, and it is clear at a glance how high the correct rate is and how good the profit-loss ratio is. In a word, if you want to have a good mentality, you must first have trading skills, so that you can have a bottom in your heart, use technology to match mentality, use mentality to achieve technology, and finally achieve the increase in account funds. Thank you for watching, welcome to reprint and comment, please pay attention to me, thank you!

Candlestick, an underrated analysis tool

dj专业百科

K-line is the most basic expression symbol of market movement. It carries the flow track of money and records the process of money gain and loss. It is endowed with life by people, showing people's expectations, suspicions, fantasies, greed, fear, etc., and contains rich natural laws. 1. You better believe it One leaf falls and the world knows the autumn. This is the way of thinking brought to us by the K-line chart. It clearly reminds us that no matter how large the market movement is, it develops from clues. Who can first grasp these more accurately? Whoever has clues can avoid more losses and obtain the greatest benefits. Every K-line chart is trying to make gestures to you, telling you the changes that are taking place in the market, and you can only understand the rhythm in the noisy market if you calm down and identify carefully. The development and success or failure of all things seem to be without a clue, but in essence they are all governed by internal laws, and the K-line chart is no exception. Here, there is nothing but people. You have to use this chart to identify market participants' guesses, wishes, understanding of supply and demand, relative strength of buying and selling, etc. Like the magical banknotes, the K-line chart, which is being followed by hundreds of millions of people around the world, also really affects people's transactions and gains and losses. You have to believe it because hundreds of millions of people are reading it, using it, and trying to manipulate it. K-line movement is better than eloquence, better than forecast, better than appearance and rumors. But facing the same picture, Easterners like to use philosophical methods to grasp it, while Westerners like the results of quantitative statistics, but no matter how scientific statistical tools are, it is difficult to count the psychological changes in the speculative world. If there is too much reliance on computerized analysis systems where anyone can trade based on buy and sell signals, then speculation will be reduced to a video game and the trader's brain will quickly depreciate. 2. One method per person K-line charts are not a science, but a practice of behavioral art and investment philosophy. It is essentially a concentrated reflection of the psychological factors of market groups. You can grasp its sex, but not its magnitude, and it leaves a lot of subjective judgment for everyone, leading analysts who try to quantify it to end up astray. This is a world that statistics cannot understand. Reason is often the worst enemy here. There are no hard and fast things here, only rough lessons learned. Just as there is no perfect transaction, there is no perfect graph in the candlestick chart. When analyzing graphics, you should not stick to the graphics, but should study its inner essence to gain insight into the changes in the power balance between long and short. The analysis of the K-line chart has a strong subjective color, which leads to the fact that after everyone has completed the same course, even if they are all market doctors, they can diagnose the market through the K-line chart and put it into practice. and results are different. This one depends on the individual's character, the second depends on the individual's perception, the third depends on the personal experience, the fourth depends on his market philosophy, the fifth depends on his perception of risk, and the sixth depends on His consideration of income, seven depends on the influence of the surrounding environment on him, eight depends on the characteristics of the market he trades, and nine depends on the size of his funds. Western technical analysis pays attention to scientific rigor, while eastern technical analysis pays attention to dialectical thinking. Combining the advantages of both, the best trading method is: keep a close eye on your losses and let the profits run by themselves. Therefore, even if one person has one dharma, all dharmas will return to the clan in the end. 3. Concentration of natural law Nature has a law of inertia, which states that an object will move in the direction of a force unless it is affected by a new force. The same is true for the market. At the beginning, economic data, news, speculation, etc. have contributed to a market, and the K-line chart will develop along the force of these factors; once internal and external factors change, the price will reverse until a new The balancing force arrives. There is a law of acceleration in nature, that is, an object needs external force to do work when it goes up, but it will accelerate due to its own weight when going down. The same is true for the market. A rise will consume a large number of buy orders and increase the trading volume sharply, while a fall can be a sharp and infinite fall. This shows that it is easy to be short and difficult to do more, and it also reflects the inevitable law of the stock market. There is a law of reaction in nature, that is, the action of force is reciprocal. The same is true in the market. It is commodity and stock prices that affect market psychology, making people fearful or greedy; in turn, market psychology affects prices, causing them to rise or fall. There is no question of which came first, the chicken or the egg, and the counterforce always exists. There is also Newton's fourth law in nature, that is, increasing motion decreases reward. The same is true in the market, frequent short-term transactions will continue to consume funds and reduce the total return of traders. There is also the law of energy conservation in nature, that is, any kind of energy will be transformed into another kind of energy with the passage of time. The same is true in the market. The energy of long and short can be switched at any time, and the phenomenon of how long the horizontal is and how high the vertical is is not uncommon. There is also the law of yin and yang in nature, namely: old yin gives birth to little yang, little yang becomes old yang, old yang gives birth to little yin, little yin becomes old yin, old yin regenerates little yang; There is yang in yin, and yin in yang, and yin and yang are transformed, and life is endless. The same is true in the market. Sooner or later, the bulls will sell and become shorts, and the shorts will become longs sooner or later after withdrawing their funds; when the bulls die, the shorts are born; There is a demand for partial rebound, and there is a requirement for short-term adjustments in the rising environment. In K-line sports, there is neither the best shape nor the worst shape. The same shape will have different meanings and forecasts when placed on different occasions or times. There is no absolute success here, and no guaranteed failure. When the graphic prediction fails, it is often an opportunity for you to backhand the order; and when the graphic prediction succeeds, often one of your feet has stepped into the door of loss. Misfortunes depend on blessings, and blessings lie on disasters. When analyzing K-line charts, one must analyze the same source of information from both optimistic and pessimistic aspects. In many cases, even though they wear the same coat, the gestures of the market are different. Therefore, in the face of each K-line, we might as well always ask these two questions: If the market is really bullish, why don't the bulls...? If the market is really bearish, why don't the bears...? In this way, the mystery suddenly appeared. 4. The embodiment of dialectics Everything is relative, without relative, there would be no yin and yang, long and short, fast and slow, rising and falling, etc.; everything is moving, there is no absolute isolation, only relative movement, and solving problems in movement Methods; Everything is contradictory, there is me in the enemy, there is an enemy in me, the enemy is indistinguishable from us, only contradiction is the real order; everything is convertible, yin and yang can be converted, energy can be converted, time and space can be converted, if you stick to one side, It's like carving a boat and asking for a sword. For the K-line, from a micro perspective, it is necessary to grasp the meaning contained in her itself. For example: the longer the Yang line entity is, the more favorable it is to rise; the longer the Yin line entity is, the more favorable it is to fall; but after a continuous strong rise, beware of the peak and then decline; after a continuous strong decline, it may be extremely prosperous; if the shadow line is relative to the entity Very small, can be equated to nothing; The longer the shadow line pointing in one direction, the more unfavorable it is for the market price to change in this direction in the future; the upper and lower shadow lines are long at the same time, indicating that the long and short sides are fighting fiercely, and the final balance is flat, and the market outlook is uncertain; the appearance of the doji is often a transitional signal rather than a Reversal signal, which means that the market has temporarily lost its sense of direction, etc. From a macro perspective, it is necessary to know how to grasp the working law of the K-line chart as a whole. For example, the reliability of the monthly K-line is higher than that of the weekly K-line, the reliability of the weekly K-line is higher than that of the daily K-line, and the reliability of the daily K-line is higher than that of the hourly K-line; For another example, for two or more K-lines, the most important thing is their relative positions, and different positions mean different price ranges. The second is their appearance, that is, whether they are hatched or not, how long or short, etc. The last is their color, that is, whether it is a Yin line or a Yang line; in addition, the trend trajectory before the formation of the price pattern is the key to deciphering the later trend. Ups and downs, fast and slow, big and small, etc. are all relative to the past In terms of trends, only by comparing the past can we know the future. 5. neither sad nor happy For traders who use candlestick charts to analyze and enter the market accordingly, there are three things to understand: First, you may never see the standard K-line patterns drawn in books, so you must grasp the degree of recognition; Second, what is technically feasible may not be possible in actual price movements. For example, if the price gaps and opens low, your stop loss point will be left behind, making your stop loss technique invalid; Third, the market is a self-healing and self-mutating thing. Because the people participating in the market become smarter, it becomes smarter, and the tried-and-true methods may become invalid. The K-line chart itself is neither good nor bad, it will not make you profit or loss, it is your ability to identify and operating rules that make your funds fluctuate. For those traders who lost money, the root cause came from their wrong analysis of the market, or their lack of ability to translate correct analysis results into actual operations. For example, on the K-line chart, what price is the most important? People's answer is often: the buying price. Because you participated in this matter, you pay close attention to this price, and when you lose money, you will look everywhere for the reason for the loss, or collect evidence from the same pile of information sources to continue to hold. But the wind is still the wind, and the fan is still the fan. Excessive care and enthusiasm expose your desire, greed and fear, and this is the reason why you cannot turn the correct analysis results into profits. Success is often the result of trading as planned. The wealth of Buffett and Soros is not earned, but the product of the correct implementation of their ideas and strategies. Their whole life is to constantly verify their ideas and strategies. Therefore, only when you change your investment behavior into the behavior of doing your homework, and strictly follow the correct plan to trade, will the mentality of worrying about gains and losses and the situation of being deceived will change. 6. Price/Quantity/Time Japanese traders have a famous saying: the first hour of trading leads to a trading day. It can be seen that the opening quotation often lays the foundation for the trading quotation of the day. The opening price is the result of people's deliberation overnight, and it is also the process of continuing to confirm or revise yesterday's price, and it is also the establishment of today's new price or the beginning of a tentative attack. As for the closing price, because most of the methods of western technical analysis, including how much margin to add, are based on the closing price, so when the closing price is approaching, the long and short sides will often carry out violent attacks and make a clear-cut statement. take one's stand At the same time, those automatic trading computer systems often judge whether certain patterns are established according to the price before the closing, and accordingly conduct a large number of transactions before the closing. Here, price is a commodity, and the whole market transaction is a process of discovering the value of price. When people think it's cheap, they buy a lot, and the price goes up; when people don't think it's worth that price, they stop buying, and the price goes down. People's value judgment standards are influenced by market sentiment, and fluctuate around the price value, artificially pulling up or pushing down the value. If price can tell us what is happening in the market, then volume can tell us how it happened, it represents market sentiment and supply and demand. Any price and trading volume are relative to a certain time. In a given period of time, the trading psychology of the market will not be the same. Trading volume is the result of long and short power consumption, and it is a reflection of the intensity of the long and short game. Time and price also have a dialectical relationship. The longer the consolidation at the same price, the more likely it is to switch to a higher or lower price; and the more intense the price movement, the longer the silence may be in the future; The longer the time-consuming exercise, the greater the variable, which often leads to the miscarriage that should have happened, but the impossible has become a reality. This is how the market uses a set of internal mechanisms to restrict price, time and trading volume. 7. Reversal is the most important As a trader, you must pay attention to all kinds of reversal signals you encounter, even if it is false. The loss of missing a real dangerous signal is sometimes beyond our ability to bear. Our entry or exit only starts when the reversal signal comes. You can calmly wait for the subsequent verification graphics, or you can trade immediately, but the key is to wait patiently for the reversal signal to appear. Otherwise, if the market consolidates after entering the market, you will lose control of your funds and at the same time, you will suffer a lot in your heart. Most of the time, the reversal trend is accompanied by a star line or a Yin-Yang line with a long shadow line. These traces have been counterattacked by the short side, and it is not far from success as a loser. . The essence shows that people are often only interested in success and don't care about failure, but the views of these marketers should not appear on professional traders. Although the reversal signal heralds a change in the situation, it does not tell people that the trend will turn around soon. It may consolidate sideways or adjust in the opposite direction. Therefore, it is not wise to sell all the underlying stocks after the reversal signal appears. Reversal signals are often also breakout signals. The main force of the market often uses breakthroughs to test the market reaction in the support zone and the pressure zone, and then launches the next step. Therefore, these test breakthrough actions are often meaningful; Traders' ability to judge, or attract followers as sacrifices. But whether it is a test breakout or a false breakout, they tend to show their true form at the close or the next trading day. It's just that after a test breakthrough occurs, the main force may continue to test until the real breakthrough comes, while the false breakthrough will immediately reveal the real reverse intention after the deception succeeds or fails. 8. Always follow the trend/stop loss Faced with the magnificent capital movement and mysterious price changes, no one dares to guarantee their own expectations. For those who survive in the speculative market, the most important survival magic weapon is to follow the trend and stop loss. This is to deal with uncertain factors. the only way. The former is active adaptation and the latter is active defense. In the trading market, if you cannot actively adapt to the environment, the market will immediately engulf you. Learning to actively adapt to the environment means learning to trade on a plan, not on an expectation. If you don’t make expectations, you won’t enter the market, so everyone will have expectations, but every expectation may not be realized, so successful traders know to follow the trend and admit mistakes in time. Mistakes are inevitable, and the truly fatal mistake is to persist in being wrong. If you want to impose your own expectations on the market, the result is often tantamount to blocking the car with your own hands. You know, the market doesn't care about your thoughts and positions, nor does it care whether you follow her trend, she will just flatten all traders who stand in her way. Therefore, if you have bullish expectations, you should enter when you are sure that the upward trend has come; if you have bearish expectations, you should sell when you are sure that the downward trend has come; The bull market only buys up, don't easily backhand orders. Trading is like taking a chestnut from the fire, and all profits come from the return of strictly guarding losses. To abide by the stop loss rule is to save your funds and give you a chance to make a comeback. Homeopathic and stop loss are trading principles that every trader must possess.

Encyclopedia of Forex Knowledge

Can you share your entry experience or trading experience?

luluchloe

This is destined to be a lonely trip, I want to see your scenery.

"GBP/AUD Exchange Rate: Recent Recovery and Future Prospects"

warren

The GBP/AUD exchange rate is showing promise in the short term, recovering from oversold conditions that emerged in September. Traders are closely monitoring key support and resistance levels as well as upcoming economic events that could impact the currency pair. Key Support and Resistance Levels A significant support level at 1.8850 is expected to provide substantial support in the event of a British Pound (GBP) selloff. On the upside, resistance is relatively limited until around 1.95, which may become relevant if the Pound exhibits strong performance. Australian Developments In Australia, the Reserve Bank of Australia's Assistant Governor, Jones, is scheduled to deliver a speech. This speech could offer insights into the possibility of a future rate hike by the Reserve Bank of Australia (RBA). Signs of tightening monetary policy in response to China's improved economic data and strong domestic activity have the potential to boost Australian bond yields and support the Australian Dollar (AUD). Additionally, the release of the minutes from the RBA's recent policy decision will provide further clues about the central bank's stance on interest rates. Australian Employment Report One of the week's highlights for the Australian Dollar is the employment report, which is anticipated to show a gain of 20,000 jobs. A positive employment report can strengthen expectations of an RBA rate hike and provide support to the AUD. Chinese Economic Data Australia's economic performance is closely tied to China, and Chinese economic data has a significant impact on the Australian Dollar. Chinese GDP figures for the third quarter are highly anticipated, with expectations of revealing a year-on-year growth rate of 4.4%. An uptick in Chinese economic activity could benefit the AUD. UK Data Releases The upcoming week is eventful for the UK, with a slew of data releases on the calendar. These releases include labor market statistics, inflation figures, and retail sales data. Market Reaction to UK Data The market's response to UK data will be closely monitored, as earnings and changes in employment levels can indicate the direction of UK inflation trends. Key data to watch includes Average Weekly Earnings and the unemployment rate. Inflation Outlook Inflation figures for September are a significant focus, with expectations of a year-on-year decline in headline inflation. However, the month-on-month reading is anticipated to have risen due to increasing fuel prices. Soft inflation data in September noticeably affected the Pound, and a similar undershoot in October could potentially place pressure on GBP/USD. Consumer Confidence and Retail Sales The end of the week will see the release of consumer confidence figures and retail sales data in the UK. While these data points are of interest, their impact is expected to be limited, given the significance of earlier wage and inflation data releases. Technical Analysis From a technical perspective, the GBP/AUD pair is currently displaying a bearish trend on higher timeframes. The recent pullback appears to have completed, reaching a confluence zone of previous support that may now act as resistance. The 61.8% Fibonacci retracement level adds to the significance of this area. The price is currently moving within an ascending wedge pattern, which suggests a potential downward breakout. Traders are closely monitoring this zone for a suitable risk-to-reward ratio for a short position. In conclusion, the GBP/AUD exchange rate is poised for a positive short-term outlook, but it remains subject to developments in Australia, China, and the UK. Technical analysis also points to a possible trend reversal. As traders navigate these factors, the currency pair's direction in the coming days will likely be influenced by a combination of economic data and market sentiment.

Warren's Trading Titans

Talk about a major event that happened in the financial world to prove your trading qualifications. ?

我有故事，只缺酒

The main topic, if you want to talk about the great god in the currency world, the financial giant Soros dares to admit that he is second, and no one dares to admit that he is the first; if you want to talk about the major events that have happened in the currency world, of course, Soros is inseparable. And the most important monetary event in recent decades is none other than Soros' battle for fame: sniping the pound and becoming "the man who broke the Bank of England"! What is the British pound? The British pound has been the main currency in the world for nearly 200 years. As an important institution to ensure market stability, the Bank of England is a powerful pillar of the British financial system, but Soros challenged its majesty and pulled a tooth out of the tiger's mouth abruptly. Do you think it is bullish? Let's now take a look at the background and process of this battle for the fame of the financial giant Soros. In 1990, the UK decided to join the European Exchange Rate System (ERM for short) created by Western European countries. In Soros' view , this decision was a decisive mistake, because in this system, each currency is only allowed to float within a certain exchange rate range. Banks need to intervene in the market by buying and selling the national currency to stabilize the country's currency exchange rate within the specified range, and these are centered on the German mark. Before Britain joined the European Exchange Rate System, the exchange rate between the British pound and the Deutsche mark was stable at 2.95 marks per pound. But the problem is that the British economy was in recession at the time, and it joined the system with an unsuitable exchange rate. Due to the joint floating exchange rate mechanism, it had to maintain such an excessively high exchange rate level, which was a lot of pressure! On February 7, 1992, the 12 EU member states signed the Maastricht Treaty. This treaty made some European currencies such as the pound sterling and the Italian lira obviously overvalued, and the central banks of these countries will face enormous pressure to cut interest rates or depreciate. It was also the signing of this treaty that made Soros decide to attack the pound. Prior to this, speculators like Soros had been expanding their positions in the past few months in order to prepare for the subsequent attack on the pound. On September 15, 1992, Soros decided to officially start the battle against the British pound, but how big the position should be is a problem. Stanley Dukenmiller, who was in charge of most of the work of the Soros Foundation at the time, wanted to build a short position of 3 billion to 4 billion U.S. dollars against the British financial loopholes, but Soros suggested that the entire position be built at 10 billion. It was at this time that the famous saying that was regarded as a standard by Wall Street was uttered: "If you believe that you are right, why only invest so little"? What is the concept of 10 billion US dollars? This was one and a half times the total capital of the "Quantum Fund" at that time, which also meant that Soros had to borrow $3 billion for a big gamble. He first took out US$1 billion as collateral, and borrowed another US$3 billion to establish a US$10 billion short British pound position. At the same time, using the assets of the Quantum Fund, Soros borrowed another 5 billion pounds, and exchanged all the pounds for marks at an exchange rate of 1:2.79. Then start to act simultaneously on shorting the British pound, buying and selling stocks and bonds. The Quantum Fund shorted the British pound for as much as $7 billion and bought the mark worth $6 billion. At the same time, Soros also bought a smaller amount of francs. Because the stock price will always rise after a country's currency depreciates, and the stock price will fall after the currency appreciates, then the decline in interest rates is beneficial to bonds. Therefore, Quantum Fund bought another 500 million U.S. dollars in British stocks, and at the same time shorted German and French stocks. stocks, and bought German and French bonds. At this time, the exchange rate between the British pound and the Mark fell all the way to 2.80. Although it was reported that the Bank of England had purchased 3 billion pounds, it still failed to stop the decline of the British pound. By the end of the evening, the exchange rate between the pound and the mark had almost fallen to the lower limit stipulated by the European exchange rate system, and the edge of exiting the European exchange rate system was not far away. In a panic, the British government began to urgently ask Germany for help, but as Soros predicted, Germany rejected the British request. At this time, if the British government's intervention in the market is unsuccessful, it can only raise interest rates. But just hours before Britain's hasty plans, Germany's Bundesbank President Schlesinger gave an interview in which he said he wanted the lira and sterling to weaken but was prepared to defend the French franc. For a while, Britain became an abandoned baby. On the morning of September 16, with the approval of the Prime Minister, British Chancellor of the Exchequer Lemmon officially announced to raise interest rates from 10% to 12% in order to defend the pound. But the pound still hasn't seen any gains. The market generally believes that raising interest rates in the UK is a panic move, and the attack on the pound also reached a climax. The Bank of England pulled out US$26.9 billion from its US$78.8 billion foreign exchange reserves to buy sterling, but it was in vain. The exchange rate was still not supported. In the afternoon, the British government announced to raise interest rates again, from 12% to 15%. Soros believes that the UK's desperation shows that its position cannot be maintained, so it is encouraged to continue shorting the pound more boldly. As expected, the pound was forced out of the ERM in the evening. At the closing price of the New York money market that day, GBP/DM was 1:2.703, down 2.7%. The next day, UK interest rates were lowered back to 10%. Italy also followed the United Kingdom to withdraw from the European Exchange Rate Mechanism. On the 18th, the closing price of the British pound was 16% lower than that of the previous day. Moreover, the British pound was not the only currency that depreciated at that time. The Spanish currency depreciated by 20%, and the Italian lira depreciated by 22%. Soros wins big, Britain loses badly. In this action to defend the pound, the British government used foreign exchange reserves worth 26.9 billion U.S. dollars, but was eventually attacked successfully and was forced to withdraw from the European exchange rate system. The British called September 16, 1992, the day they withdrew from the European exchange rate system, "Black Wednesday." Soros has turned out to be the biggest winner in the attack on the pound. He has made nearly $1 billion in profits from his short sterling trades. The total profit was as high as 2 billion U.S. dollars, so he was called "the man who broke the Bank of England" by the "Economist" magazine. And he used the strategy of "simultaneous action in the trading of stocks, bonds, and foreign exchange" for the first time in blocking the pound, and finally formed his famous "three-dimensional blocking theory", which swept the global financial market.

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