Do you guys have any good suggestions to save novice Huiyou like me from taking some detours?

Most of the retail investors in the foreign exchange investment market will experience detours no matter what the reason is when they come into contact with this field and start trading.

Three endings -

Either by yourself or by copying the order to buy up and down, you lost money and left without knowing it, saying it was a scam.

Either continue to buy up and buy down in a daze with half a bucket of water, which is a bit like Mr. Dong Guo. The theoretical knowledge of various index trading system trend shocks is slightly sticky, but in real trading, losses are still the main thing.

There is also a group of people who have embarked on the road of professional trading by simplifying the complexity and systematically learning the basics of foreign exchange investment.

A few days ago, I saw two articles in Huihu that talked about the basic knowledge of the foreign exchange investment market:

One is the article "The Logic of U.S. Dollar Rise and Fall and Future Risks". The most important knowledge point for Xiaobai in this article is the dollar circulation mechanism. The U.S. dollar circulation mechanism is the basis for understanding the foreign exchange market, including the exchange rate. Without this basis, there is no understanding. Because I don't know how this market is formed, how the dollar flows, how can I understand it? For many so-called analysts and most ordinary investors, there is no map of dollar circulation in their minds, and there is no concept of dollar circulation at all. Then, their perspective of thinking starts from causality, not correlation, which is fundamentally different. The U.S. dollar circulation mechanism itself determines the exchange rate, rather than the simple, abstract one more or one less U.S. dollar affecting global supply and demand.

The outflow of US dollars from the Federal Reserve has to go through a series of channels, and it has to go through five core money markets. (repurchase market, commercial paper market, certificate of deposit market, short-term treasury bond market, and overseas dollar market) Where do these printed dollars go? You must go overseas to pursue higher returns and carry out cross-border and cross-border asset arbitrage. Therefore, although the total source of dollar thermal circulation is from the Federal Reserve, it must first enter these five major markets. The five major markets then lent to Japanese companies through different financing methods, such as financing through foreign exchange swaps; through the method of commercial paper, they lent to Japanese banks, and Japanese banks obtained US dollar financing from the commercial paper market, or from The time deposit certificate market obtains US dollar financing; for example, the Bank of Korea obtains US dollar financing through the Bank of China, and then makes US dollar loans through each bank, and distributes US dollars through various channels. Among them, the US dollar circulation mechanism is also divided into two forms: the cold circulation of the US dollar and the hot circulation of the US dollar. The cold circulation of the US dollar means that the US dollar is in short supply. The supply of channels led by the five major markets is not smooth, and the US dollar index will appreciate accordingly. Volatility in U.S. currency pairs and U.S. dollar-denominated commodities. The hot cycle of the US dollar means that the US dollar can be supplied smoothly through channels led by the five major markets. When the supply of US dollars increases, the US dollar index will also depreciate relatively, which will simultaneously affect the fluctuations of non-US currencies and US dollar-denominated commodities. I won’t talk too much about the dollar circulation mechanism here, and you can read this good article in depth.

Know the formation and correlation of the foreign exchange market fundamentally, and then further understand the current global foreign exchange retail market. On the quotation wall of the relative platform, we can see the following major sectors: foreign exchange (currency exchange), commodities, global stock market indexes, national bond markets of major countries in the world, major futures at home and abroad, etc. The outflow and inflow of funds from the Federal Reserve’s bond purchases or bond shrinkage is finally reflected in the huge global foreign exchange market through the five major markets in the United States. The trend has the most basic judgment.

Is the most basic and broadest understanding of the US dollar circulation mechanism able to make a good list? Sorry (T ^ T), this is only the first step in the long march, and more specific foundations are needed to do transactions. Here I recommend everyone to read "How to Judge Intraday Trading Time and the Law of the Market". He analyzed it from the perspective of technical indicators. I personally look at the trading time and market rules of intraday orders from another perspective. Asian disk, European disk, and American disk are just the division of the general direction. I have made it more detailed. This is my alarm clock for a single time node in a day⏰:

Australian shares open at 7am

Japanese and South Korean stock markets open at 8 a.m.

9 o'clock Taiwan weighted stock market opens

At 9:15, the People's Bank of China announced the operation of the day and the onshore RMB exchange rate

9:20/25 Hong Kong Hang Seng and domestic stock markets open

13:00 Taiwan weighted shares close, Australia closes

14:00 Japanese stock market closes

14:00 Korean stock market closes

15:00 domestic stock market closes

16:00 Hong Kong Hang Seng closes, European stock markets open

16:30 China's onshore yuan closes

US stocks open at 22:30

European stocks close at 30 am

The closing of the U.S. market is basically ignored, and the Baltic Dry Index also has a chance.

These stock markets enter the market 10 minutes before the opening and closing time, and use the performance of short-term US treasury bonds, stock market index futures of various countries, and related linkages to judge the rise and fall of the stock market at the opening and make relevant orders (personally, I mainly do spot gold).

This is a fixed time node for intraday trading. Simply put, it is 8:00 am, 9:00 pm, 14:16 pm, and 22:30 pm. You can go to these nodes to review the market every day or a cycle The turning point is also a trading opportunity.

In intraday trading, there are economic data released every month and every week, which is commonly known as the economic calendar. When trading every trading day, I will put the time of economic data to be released in the economic calendar into the fixed daily stock market opening and closing time nodes, and then the daily trading nodes and intervals will come out. You can understand why the market at this node will rise and why it will fall.

After learning the dollar circulation mechanism, learning the core trading nodes in the trading day, and learning to use economic data to make predictions, we will further study various related indicators and trading systems, which is equivalent to stepping into the door of the foreign exchange investment market. After getting started, it is to learn technology, practice trading mentality and other things, this is to avoid detours.

The rapid development of the electronic network has given our group of retail investors who had no qualifications and no channels to participate in the opportunity to enter this big market full of opportunities, learn the basics, avoid detours, continue to focus on progress, and strive for an early and stable profit Change your life!

A summary of a practitioner friend in the circle of friends:

1. The risk of margin trading is extremely high. Only one person in a million can make a real stable profit. Most people lose money. Before you have your own trading system and a stable market sense, try to invest as little as possible and trade as little as possible.

2. Margin trading is a zero-sum market, over-the-counter trading. All traders, including foreign exchange platforms and upstream liquidity, are rivals. All brokerages will bet against customers when they need it, without exception. Of course, this is in It is legal abroad.

3. MT4 is just a trading software that is very popular in the retail foreign exchange market. It was developed by the Russian Metaq Software Company. All foreign exchange companies with their own developed trading software are actually worthy of respect, or trustworthy. Usually big companies.

4. The foreign exchange market is indeed huge with a daily trading volume of several trillion yuan, but almost all of our contacts are in the retail foreign exchange market, and the overall volume is actually limited.

5. If you have a heavy position, you will die. There is no exception. I have seen the longest and the luckiest heavy position win for a year or lose it all within a few days.

6. On most platforms, if you win too much, you will be slipped by the risk control or the storage fee will be too high for you, so if you win money, you will withdraw money multiple times, which is a good risk control for your own account or open multiple accounts.

7. Do not invest more than 100,000 U.S. dollars in any retail foreign exchange brokerage, because the moment you deposit, you are the first echelon of the platform’s risk control, so if your funds have millions of U.S. dollars, go to the bank to play .

8. Don’t be too superstitious about supervision. That’s really the case. Many things are hyped or brainwashed by the media. Of course, brokers have top-level full licenses from the United States, the United Kingdom, Australia, and Hong Kong, which represent hard power. After all, these licenses are very expensive. Expensive, and foreign countries pay attention to credit endorsement.

9. If you like gambling or loan transactions, please quit as soon as possible. I have seen many friends who lost even the demolition funds.

10. Don't believe in the temptation of foreign exchange capital preservation and guaranteed income, the real masters are working behind closed doors.

11. Don't always complain about widening spreads and slippage when the market fluctuates. Generally, it is indeed a normal market phenomenon

12. There are two types of manual backstage slippage, inside slippage and off-line slippage. Smart brokerages give you inside slippage and you can’t find evidence to complain. Offline slippage can be complained, but like some veterans Brokers never compensate and have nothing to do with it. On the contrary, second-tier brokers can get compensation if they have a way to complain.

13. Almost all the so-called ECN bare-spot accounts on the market are not the real ECN model. It can be understood that the initial spread is cheaper, but generally the overnight interest is very high or you can get it back in other ways. Cheap ones generally pay more expensive, and the spread within a reasonable range.

Finally, I hope that rational investment and capable traders can persevere, because this market is indeed relatively fair and challenging.

good luck

Transfer from Zhihu...

The most frightening thing about speculation is people's desire to learn. The desire to learn and the desire to explore the unknown are human nature, and its powerful motivation is comparable to food and sex.
The life of a trader is basically spent in learning and exploration. Even if you are hungry and cold, you still enjoy it, and the intensity is much greater than 996.
In hope, in dreams, in being slapped one by one by the market, it seems to be growing, but in fact it is useless, losses continue, and mistakes are made again and again.
Life is just once and cannot be repeated. The time spent in the market is basically an empty repetition (Deleuze). This is much more terrible than losing money.
Those who jumped from a building may have truly seen through the market, and using death as a relief is happier than empty repetition.

Learning to trade does not happen overnight. Trading is different from any business, and it is also different from any learning. The journey is slow and difficult. It can be said that trading is not only a science and business, but also a kind of practice.

According to my personal trading experience, I will briefly talk about how to go on the trading road, what to do to avoid stepping on mines, and how to walk to avoid pitfalls. May it be helpful to you.

First of all, formal and systematic learning is required. In this regard, it can be self-study, or you can learn a successful trading system. Compared with the two, the latter has a faster road to success, which can also be understood as "taking a shortcut". Choosing a formal and proven system is a top priority. In terms of selection tendency, you can choose according to your own trading methods and speculation methods. For example, some traders like to use indicators as a reference; some traders like the naked K method. As for which is better, there is no uniform definition. It can only be said that radishes and cabbages have their own preferences.

Second, properly understand and learn some basic knowledge. In this regard, you can learn about it on the Golden Ten data. But not all indicators need to be learned, we only need to understand the relevant indicators that have the greatest impact on the trend of varieties. Just like we drive, we first need to have a license, and then we need to be able to drive. As for the glass water, engine oil, and antifreeze related to the vehicle, we need to know more or less.

Again, after we study and summarize, we need to have a conscious training period. The length of this period is determined according to the depth of individual learning and comprehension ability. The more solid the study, the better the training performance. Here, I want to explain that the training I am referring to is real trading, not simulated trading. It's just that you need to practice in strict accordance with what you have learned with the smallest position. When can you use the minimum position to make a stable profit before you can use the normal position to trade.

According to the study and training of the above three points, lay a solid foundation and train a lot. I believe that the road of trading will become smoother and smoother.

Here, I recommend a trading system to you "Chart Analysis and Trading System". This system integrates analysis system, fund management and trading psychology. It is a complete trading system, not a technical analysis system currently on the market. The reason why this system is more respected is that the author, on the basis of Dow Theory, has created an objective analysis of some unclearly defined parts of Dow Theory and has unique insights. As long as the system can be learned and thoroughly understood. Stable profitability is a matter of time. I have come into contact with too many sets of trading systems personally, and this is the one I highly recommend.

The above are my personal experience and suggestions on trading learning, and I hope to help you. If there is anything wrong, please correct me.

If my circle "Ruyi Trend School" is done strictly according to the requirements, the technology will be mature in a month or two, and then practice in small positions according to the requirements (technical and mentality counseling during the period), and then slowly expand profits after achieving a balance of income and expenditure .

I have been doing foreign exchange for three years. From the beginning, I explored by myself, read all books, studied all indicators, and formed a fixed trading model later.

Although personal efforts are very important in the middle, it is even more important that someone is willing to lead you.

Find an experienced veteran and pay the tuition as you pay. It is better than losing money again and again.

The experience of a veteran does not lie in what kind of operation skills he has when watching the market, but the veteran's unique understanding of the market and in-depth analysis of the market. This is something that novices spend a lot of time exploring.

In short, if someone is willing to take you, it is best if no one takes you, so in a word, talk less, do less, learn more, and watch more.

You will never learn to swim on the shore, learn more, practice more and think more. Think more about trading models and trading strategies. Trading strategies are very important, but execution is more important.

More trial and error, more summaries, don't be afraid, don't panic. With more trial and error, you can divide 1,000 US dollars into 10 100-dollar accounts to operate, and play one by one. Even if you lose 1000, what you have learned will always be more profound than if you maxed out 1000 US dollars on an account! Summarize more, summarize the accuracy of your entry and closing methods, and draw the correct number, and finally you will find the method of grasping the entry point with the highest winning rate. Pure manual typing, I hope to help you.

First of all, understand what foreign exchange is, focusing on the historical background and historical evolution of the main foreign exchange market exchange rate fluctuations, etc.
Second, understand the logical relationship between the participants in the foreign exchange market, such as retailers, traders, retail banks, flow traders, capital accounts, etc. Finally,
the simplest and most difficult transaction to grasp How to make a stable profit and how to use the funds on hand to achieve the purpose of value-added by speculating in foreign exchange

To avoid detours, or even to avoid detours, you need to trade lightly. Control risks, control your desires, and control your hands.

It is not difficult to make money, it is rare that you have to control your desires and control your risks.

First of all, your income expectations should not be too high. Don’t think about getting rich overnight. But I haven’t seen anyone who has been able to make huge profits and survive. Basically, they all went back and ended up with a liquidation. There is almost no risk in a return of less than 30% a year. Any higher requires a bit of luck.

Secondly, the capital must be large. A standard account of 50,000 US dollars is the minimum capital requirement for stable profits. I often see people say that 10,000 US dollars is a so-called large account. In fact, 10,000 US dollars is very easy to lose, and a little retracement will make the operation even more difficult.

Furthermore, you must be prepared to make money in the long-term, because no one can always be profitable, and there will always be a loss for a period of time. Because the market does not run according to your trading system. So don't set yourself a trap, you have to make a lot of money every day and every month, and the income should be calculated on an annual basis.

There is also the most important risk control. The only rule to do this well is light positions, and light positions are king. The number of operating lots corresponding to an account of 50,000 US dollars is 1 lot, and you can use this standard as a reference for your own fund operations. You may not be able to make a lot of money with a light warehouse, but the most important thing is that you can't lose a lot of money. This is also the key to stable profitability.

The biggest suggestion is to use a simulated offer instead of a firm offer. A certain treasure buys a major resumption event. After your winning rate, yield rate, and retracement rate are relatively stable, you can make a firm offer.

Read more books, everything can only be done step by step, this market will never be short of money, do it with a small capital account first, and then you can use EA to trade. The premise is that you have to be familiar with the market

Read more, learn more, think more. Understand that life, money, and transactions are all interlinked. If you can understand what I said, you will not be far from success

Four words, learn from a teacher!

But I don't know if you can meet a real person, it's about chance. Test your sharp eyes.

detour. Let me tell you about my experience.

My experience should be quite special. I majored in finance and securities in university. After graduation, I will be able to do domestic spot silver. Crude oil is relatively popular, and I am against gambling. As an analyst, I can see the backstage of customers. I see customers placing orders every day. No stop loss, anti-order, sell high and buy low, chasing buy. I have seen all kinds of money losses. I told myself not to make mistakes in the future, and every order must have a stop loss. It took more than half a year in the background to open a real foreign exchange account. I was timid and only placed 3 orders in a month. I didn’t even have a trading model, so I relied on guesswork. Later, the concept of quantification and the concept of model gradually came into being. The concept was vague at first, but later I realized the importance and necessity of the rules. Everyone's experience may be different, but it is recommended to make small orders with small funds before making a stable profit. Don't have too much burden on your heart. It is not easy to do transactions, and you still have to pay tuition fees for several years.

I have just started to understand this industry. I made 50,000 virtual funds in a week of simulation trading, and achieved more than 800 million in a week. How to open an account for this industry? Is there any risk in funds (non-trading losses)

How to say this question? It depends on how new you are. The knowledge system you need to understand is different between 90% new and 50% new. If the blank paper is brand new, first look at the basic Japanese candlestick chart.

One of the simplest methods is only with stop loss and no take profit.

From a guy who lost ten lots of his winnings several times. . .

Dry goods for you: Watch more and move less, learn K-line knowledge well, watch financial history and movies, play with 10,000 yuan for 3 years! What you want is to learn the skills!

Let's start with the simulation disk first, and find some methods first. Then go to the firm offer.

The best and worst way is to follow the experienced people. If you follow the good ones, you can follow them, but if you follow the bad ones, you will just pay tuition for nothing.