Seven things a novice trader can't do

Leek Egg Noodles
chief sleep expert at ma jiao institute of technology

 Trading cannot create wealth, it can only transfer wealth. There are as many legends of getting rich as there are tragedies of bankruptcy. Regardless of whether you have just entered the pit, or you have been losing money steadily for ten years, and whether you have a small account of only 200 US dollars or a huge account of 180,000 US dollars, as long as you have not made stable profits, you have not yet been able to make money in the foreign exchange market. Continue to make more profits than your current income, you are just a newbie, a slave to the blood transfusion of those legendary upstarts. This is the cruelty of the foreign exchange market. You should not be favored just because you have money or not, experience or experience. Although many people do go for such a goal, after all, we are not speculating for the purpose of being a beggar or a vagabond one day. Although it is quite far away for us to make a small goal in the foreign exchange market, at least in order to avoid becoming a beggar or a tramp, the following seven things must not be done.


First: Borrowing-style foreign exchange speculation. There is a kind of fool who has no money to speculate in foreign exchange, so he borrows money from relatives and friends, or bank loans, or credit card cash, small loans, or even loan sharks, and tries his best to raise money to fill his foreign exchange speculation account. When you reach out to borrow money, it means that your living conditions are already very bad. More importantly, novice accounts will lose money in all likelihood, which means that you have to bear double losses, which will make your life worse. The situation deteriorated sharply, and he was completely unable to recover from this, so he went directly to Sanhe to report.


Second: full-time foreign exchange speculation. There is a kind of idiot, there is a fantasy, if I speculate in foreign exchange full-time, I will definitely be able to make a profit. They are planning to give up their jobs, and some even think about dropping out of school to speculate in foreign exchange full-time. In fact, you can't make money part-time, full-time will only lose faster. If you really have a deep understanding of speculative trading, you will understand that whether you make money or not has nothing to do with full-time or part-time jobs. You either have strong family wealth, or you are accompanied by a teacher with strong family wealth, otherwise professional foreign exchange speculation will allow you to find a suitable park bench in the shortest possible time.


Third: Ruthless foreign exchange speculation. There is a kind of stupid person who thinks that his family does not allow him to speculate in foreign exchange to prevent him from making a fortune, because he often quarrels with his family about foreign exchange speculation, thinking about running away in anger or divorcing his wife every day, and then dreams of getting rich wholeheartedly. If you can really make money by speculating in foreign exchange, and take home a lot of money, your parents will never stop you, and your wife will offer you as a Bodhisattva. But you always lose money. Every time you blow up your position, you are like a drunk gambler, rummaging through boxes and cabinets to find money to make money. You even think about pawning your wife’s jewelry and thinking about your parents’ pension. , Sooner or later, it will become a stinky shit that no one cares about.


Fourth: blood transfusion speculation. There is a kind of lunatic who originally has a stable and decent job, or a business with a prosperous performance, and lives too well, so he just wants to find some excitement. The most famous one is Li Chengru, and I have heard of one before. Tens of millions of dollars are thrown into the foreign exchange market like waste, sometimes earning half a year's output value in one afternoon, and sometimes losing a year's salary overnight. When making money, they are complacent and don’t know how to stop, and when they lose money, they carelessly take money and don’t take it as money. Until I lost my eyes, I didn't want to work, I didn't care about the business, and I lost all my net worth, thinking back then was like a dream. Li Chengru's friend is Zhao Baogang, do you have a friend like Zhao Baogang?


Fifth: Hands-off speculation in foreign exchange. There is a kind of fool who only listens to thieves eating meat, but not to be beaten. They naively think that there are gold everywhere in the foreign exchange market, and there are good people in the foreign exchange market. This kind of people, regardless of whether they have more money or less money, are all dreaming of throwing away the shopkeeper. They either find a teacher to copy the order, or learn some EA everywhere, and there is another kind that is even more abominable, letting people fool around and hand over a large amount of hard-earned money to others. In short, I just refuse to use my own hands and brains, and I refuse to learn by myself. People say that people with a lot of money are stupid, but in the foreign exchange market, they found that people with a lot of money and little money are also stupid enough.


Sixth: Decisive foreign exchange speculation. There is a kind of reckless person, who always puts on the posture of fighting to the death, if he fails, he will be benevolent, and in the end he will be smashed. The foreign exchange market does not believe in warriors, and newcomers need to develop insignificantly and not waver; the foreign exchange market does not need to insist on not hitting the wall and not giving up. Successful traders are fools, and they run where the wind is strong; even if the foreign exchange market is a war, Then it is also a long-lasting and stalemate century-old war. Since novices have joined this protracted war, the first task is to survive, not to have a good time with seven in and seven out.


Seventh: Sacred foreign exchange speculation. There is a kind of hypocrite who thinks that he will become tall after a few days of foreign exchange trading. I am a trader and a trader. In any developed place, financial practitioners are indeed the most glamorous people, but retail investors are not included. The so-called retail investors do not mean that they have little money, but people who have no organization and no security, struggle alone, have no technical system, no team support, strange trading concepts, and various trading techniques. In fact, ordinary people have very accurate views on stock and foreign exchange speculation, and they are just a group of gamblers. Anyone who tries to cast a sacred color on the transaction is divorced from the essence of the transaction, and it is impossible to make money.

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Last updated: 09/03/2023 15:07

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