Just now I watched a new post in a foreign exchange forum, which aroused my curiosity. I paid attention to it. He is a rookie, and foreign exchange is only half a year. From the past posts, I can see that he studies hard, sums up and absorbs the experience of some “great gods”, and can feel his enthusiasm for foreign exchange from his words and replies, But it should help new people
1、 Qualifications
The elimination rate of foreign exchange speculation is very high. It is said that only 1% of them can be called qualified traders. Do you really want to learn experience in a place where 99% are “winners”? Unlike other auto forums and programmer forums, people here “despise” speculation. As long as they have traded for several times, they feel it is necessary to post a post to talk about experience, feelings and spirits. As a newcomer, you should be aware of one thing, that is, almost all the experience in the Forum, The value is very low. The person who posts 99% of the time just likes to “talk” about his own ideas. That’s not truth. He should have his own thinking ability
2、 Abstract
Enlightenment requires concentration. Foreign exchange is a kind of practice. At the novice stage, the veteran stage, and the master stage, money should be regarded as dirt. These are deceptions. I believe those who are interested in Buddhism are really sharing experiences. For example, some people may be able to interpret some things from the perspective of Buddhism. But this kind of thing has little value, and the conclusion is too arbitrary to be deliberated, A great master once said, “compared with science, trading is more like an art.” but this does not mean that every trader should imagine himself as an artist to capture “inspiration” and do whatever he likes. This is called “gambling”. Any inspiration and creativity are built on a deep understanding of things and a lot of experience
What makes me laugh most is this sentence: the higher realm of mind trading is “Tao”, which is the highest height that the human soul can reach, and it is the communion with the universe. This kind of tone will only appear when the priest preaches. Do you really want to learn how to trade from him?
As a novice, your goal should be to become a qualified trader, know when to advance and retreat, and “how to get a lot of experience at a low cost?” This is the only thing to think about
3、 Concept
We all talked about many of these concepts. Some of them wrote their own trading methods. We discussed what to use and where to set the stop loss? What is the expected profit? I think this kind of discussion is great, communication! But some “great gods” tell you in an instructive tone, “you must learn to stop loss.” “how?” He will say: “everyone’s personality is different, according to their own personality to find the right way, you can more firmly implement.” this sentence has no meaning like astrology, but can get others’ approval. The only rule to identify science is that it can be falsified, and trading may not be scientific, but how to find a good way to do a good job in trading requires scientific thinking
I have a lot to say about these concepts, such as the importance of stop loss. In the past, I read books and said: you should think about stop loss when you enter the market. As long as you are a great God and talk about experience, you must mention this point in the forum. I also have the concept of stop loss. If there is no or inappropriate high point in the early stage, it will be USD / JPY 40, GBP / USD, But in the actual trading, I seldom come out of the stop loss. The more common situation is a breakthrough. I judge the downward trend and enter the market. However, the follow-up development is not as good as I think. When I hold a position for 1.2 hours, I am in a weak consolidation and enter the framework. At this time, I will choose a point at will, most of which are small losses within 10 points. This is not a stop loss, but a give up, When the trend returns to a 50% possibility, then any confirmed reverse exit point needs more space to confirm. Why gamble? This kind of abandonment accounts for a considerable proportion in my transaction, and the total profit must be less than 50%
If I have time, I may write a post on trading method training alone. As a simple exchange of experience, it doesn’t teach people, and it doesn’t matter. But I sincerely hope that all new people can attach importance to the above. Enthusiasm is a very valuable thing. Really, it’s a waste of enthusiasm in these misleading, rather than in the direction you really need to adhere to. You will soon lose it
Tips: new people should try to read books systematically, instead of “Epiphany” such as summing up and venting emotions in forums. When reading books, they should pay attention to logic and way of thinking, and ignore some dogmatic things as much as possible, but keep an open mind for different angles, Most of them take numbers as the baseline. In the current situation of rapid changes in the foreign exchange market, it is difficult to adjust and correct the inertia in time. If you focus on the K-line graphics during training, you only need to simply adjust the display box to solve some problems
Please add as much scientific knowledge as possible, covering a wide range of subjects. I think the behaviorist thinking of behavior correction in psychology will be a good inspiration for you. (if you have a chance, just search “behavior correction” in Sina share. If you are busy reading the first four chapters, it is enough, but it is suggested that you finish reading, and the following cases are very good.), It’s very important. If the novice can put down the trade for a while, he has a question: “how to get a lot of experience at a low cost?” Take a look at the above things, you will save a lot of time, the correct method will improve your success rate