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What is applicable to spot foreign exchange transactions in foreign exchange risk management?
In fact, this phenomenon is very common in financial transactions, including foreign exchange, because they are afraid that floating profits will be swept away and leave early; We go to day trading for fear of missing the opportunity to enter the market; For fear of short-term market losses, we enlarged or even cancelled the stop loss. . . It's everywhere.

Fear and other demons, like gravity, pull the trader's capital curve to the horizon again and again, making it difficult to take off upward.

So there's really nothing we can do? Not exactly.

"Veterans" with more battlefield experience will obviously be more able to control their inner fears and make correct behaviors on the battlefield than "recruits". Tom Hanks, the captain in Saving Private Ryan, is constantly instructing the recruits to do more correct behaviors. In fact, the same is true in trading behavior. "Old hands" who survive through tempering can often control their mentality better when trading. At this time, you can ask them what they can do, just as the recruits ask the veterans how to be fearless on the battlefield. What will the veterans say to you? Say faith? Say patriotic? Talking about Buddhism? Think for yourself. . .

I once gave another example in another communication with traders-

NBA master Kobe Bryant was interviewed by the media and talked about his "secret of success". He asked the reporter: Do you know what Los Angeles is like at 3 am every day? I know, because I have come to the stadium alone at 3 am every day for these years.

In addition to outstanding skills, Kobe's psychological quality and leadership ability on the court, especially in the case of anxious competition, have attracted much attention. Think about what he has been doing on the court at 3 o'clock every day for years. To study the surface friction of basketball? Learning parabola theory? Study the biomechanical structure of human body? Or knowledge of nutrition and health care? Or practice Buddhism and be enlightened? The secret of success? Neither, right? It's simple, but far beyond the field training of ordinary people. . .

Of course, whether it is the battlefield or the stadium, the accumulation and improvement of training should be based on the correct scientific methods. For foreign exchange trading, it is a positive income trading system with long-term probability advantage, and then resist demons and persist in training, and nothing else.

It's a long way to trade. Find someone to accompany you. . . Welcome to pay attention to me, a personal foreign exchange trader, who has been trading independently for eight years and is bored and willing to share and communicate.

(tell many friends who collect and forward, don't forget to like it and don't let me fold it. . .