Many people come to this market with a sincere (pious) heart. Speculation in foreign exchange for a while failed, and finally lamented that it was too difficult to make money in foreign exchange. Is it difficult to make money? Let's analyze why we lose money. So why do we lose money? First, human weakness. Excessive desire: people who invest in foreign exchange undoubtedly have a strong desire for wealth, but this desire is so strong that it is difficult for them to prepare themselves and actively invest in the market. Can an unprepared soldier win the battle? The result is obvious. Greed and fear: I won't elaborate on this discussion here. Teacher Xiao Weifeng wrote very well in "Seeing the Failure of Traders from Human Weakness". Laziness: laziness here means that few people spend time in foreign exchange transactions to make statistical calculations and evaluate transactions afterwards. In fact, these are the most important links in the transaction. I once saw an investor read the trading rules of the company for several hours after the explosion, and finally came to the conclusion that I made all these mistakes that I shouldn't have made. Wrong thinking and inherent ideas: This market was not formed in China at first, but China's inherent ideas, especially those about stocks and futures, are often exchanged for foreign exchange intact, which is very dangerous. After all, foreign exchange is a completely different kind of trading, with unique and distinctive characteristics, especially highly leveraged margin trading. Therefore, foreign exchange trading should have some unique methods. Another is that many experiences in our minds are actually wrong. Looking at the China stock market, who are the winners? Stocks can't make money, and foreign exchange may not be so easy to make money. Now the common ways on the market are written by people who make stocks, so the credibility of this experience can be imagined. Second, trading habits Everyone in the foreign exchange market is a unique individual, so there are many unique ways of thinking and trading habits. And these methods and habits, especially some habits, have great problems in themselves. For example, we always want to go empty in the rising market; For example, we always want to wait until the market callback to do more; For example, if we are swept several times, we will not set a stop loss; For example, when trading, we always like to stare at the change of money and ignore the more important thing, the objective technical analysis itself. Third, the risk of the market itself. It is true that the foreign exchange market is the place where funds are most concentrated, and it is very difficult to sit in this market. Then this means that the trend of this market will be more objective and regular. However, the same problem appears before us. Can we master and control this objective market and law? I don't deny that someone (Gann) has successfully predicted the market trend with 92% accuracy, but the research and application of Gann and Gann's theory by these few heterogeneous people have never reached or approached his own height. Therefore, we say that the market is unpredictable. No one can understand the whole market. So, don't try to understand all the markets and earn the profits we can earn. I hope to seize the biggest market through data and news. In fact, this is very irrational behavior. The information obtained by the organization is incomplete, and the conclusions drawn by the organization's data analysis are often wrong, let alone us. And there are always some emergencies in the market, such as 9 1 1 in America. So the fundamentals can only be used as a reference, not as an absolute basis for trading (we will discuss it in detail here later). Fourth, the trading ideas and methods were driven out of a group because of arguing about a topic, but this topic really made me remember. An analyst's strategy, stop loss and profit target point are the same, that is, the profit-loss ratio reaches 1: 1. So let's imagine how high the winning rate can guarantee him to make money. About 50% or more. And whose analysis can guarantee a 50% chance of winning? Generally speaking, this is very difficult. Good investment ideas and methods should be GAI's, such as the method of making money with low winning rate. Personally, I suggest adopting the thinking mode of professional gambler, which means I have to pay a cost and bring ten times the gain. Then even if it can't be achieved, there should still be a profit-loss ratio of 1: 3. This will ensure that we can make money even with a 30% chance of winning. Therefore, this is the value of trading ideas and methods. I dare not say that I have successfully traded for several years, but my understanding of the market is no less than that of a trader who has worked hard in this market for several years. This market is far from seniority, and it is definitely a hero based on success or failure.