? The first paragraph: You just entered the foreign exchange industry and have only a general understanding of everything in the foreign exchange market. The characteristics and laws of various currency exchanges are not clear. You don't know whether to go long or short. The basis of placing an order mainly depends on the foreign exchange comments of major financial websites or the trading suggestions given by platform companies. Look at the advice of analysts in the market. No matter how many directions they give, no matter how many spaces they give, no matter how many places they give, you think they are right. Your trading week is mainly during the day. After making some money, I was in a hurry to close my position. You are afraid of profits flying, and you look at losses. When you want to see a solution, you are always used to long, but not to short.
? The second paragraph: You begin to know some technical indicators, such as,, RSI, BOLL, MA, etc. You always think that sometimes they are accurate and sometimes they are not. You also begin to learn to look at the fundamentals, which country will release what financial data today, the latest news of political instability or war in that region, debt crisis and so on. You always watch the news online for the first time. Your transactions are frequent, sometimes you make money and sometimes you lose money, but overall, your account is losing money. You have what the industry calls "position syndrome". When you don't hold a position, you are worried and anxious.
Paragraph 3: You have been trading in the market for some time, but overall, your account is still losing money. You think this market is really hard to make money. You are in a hurry to turn over the books, but you don't know what to do. You read some books about trading, but you think they all say the same thing, so it's not the case to get the opportunity in this market. You think the index is still not accurate enough, so you try to adjust the whole parameter, but it is still accurate, sometimes inaccurate. You frequently communicate with various online experts or teachers, hoping to get expert guidance. But most of these people are sometimes accurate and sometimes not, so you continue to cross the river by feeling the stones.
The fourth paragraph: you have a big loss or blood explosion experience. You know that to make money in this market, you can't blindly listen to those comments and suggestions. So you began to study systematically. You have read all the books on trading and technical analysis you can find, hoping to find a magic weapon to beat the market. You learned wave theory, Gann theory, chaos theory and so on. As you know, to follow the trend, you must set a stop loss. But you don't know how to determine this "trend" or where to set the stop loss. You think it's really hard to know when the market will reverse or whether the trend will continue. You don't believe that anyone in this market can make money, because everyone as smart as you feels helpless about the market trend. How can they have doubts about money? How long and short do you want it to be, like a game, like a delicate chess game.
Paragraph 5: You begin to understand that you must have your own trading system to make money in this market. But you still don't understand what writing rules or technical indicators are included in this trading system. You try to combine several indicators into your system and build positions based on the signals they provide. But these technical indicators always conflict with each other, and the implied signals are also contradictory. You don't know whether to believe that an indicator is positive at this time. You try to do long-term trading, but sometimes you don't know whether the price will be adjusted back or reversed, and you can't tell whether the price is in an upward structure or a downward structure. You have to do short-term work during the day, and earn three or five hundred dollars a day. 1 year should be quite a lot. But the point is, you make $300 today and lose $500 tomorrow. Your bill is still in the red. You think it is too difficult to do foreign exchange. If you think it is really impossible, then give up doing foreign exchange trading.
Paragraph 6: You begin to understand that in this market, you can't predict the price trend yourself, not only you, but also others. You can't predict other people's prices at first, and you start to have your own trading system. You think you should be able to make money in the long run as long as you strictly follow the trading rules. You start thinking with probability. Every time you enter the market, you know what the profit-loss ratio of risks and benefits is. You will set a stop-loss and profit trading order for each order, and you can hold it from the beginning. From the historical list, the data shown in your transaction records are profit and profit, and the profit and loss are basically the same. Sometimes you can place an order according to your own system trading and trading plan, and sometimes you don't follow the plan and strategy. But you start to believe that there are people in this market who can make money.
? Paragraph 7: You start to make steady profits and have your own mature trading system. You have solved the related problems of trading philosophy and started to have your own trading philosophy. Technical things are not your concern. You know that as long as the trading concept is correct, even the simplest moving average can make a steady profit. You know what the key point is, you can calmly choose the entry price, although you can't see what the future trend will be. One day, you may make 500 yuan first and then lose 300 yuan, but you can stop loss and take profit correctly, and you know that these lost money will come back sooner or later. Your mentality is basically calm, but you will still have a lingering fear when you encounter violent market fluctuations, especially when you hold positions.
? Paragraph 8: It is common for you to make money at this time, just like an old driver driving, the red light stops and the green light goes. Trading is completely unconscious to you. You are not in the position where you need to stop the loss accurately, but you are calculating the risk, profit and profit ratio with a pen or calculator. You don't care about today's interest rate decision or the announcement of non-agricultural data and unemployment rate, because it basically has nothing to do with you.
? Paragraph 9: At this time, you know nothing about the economic operation and environment, so you can predict the next economic trend and the corresponding policies and measures adopted by the state in advance. You only trade a few times a year, or you may lighten up your position and take it for a year. You seldom go to the movies, but you spend most of your time resting or traveling somewhere. You never exchange views and opinions with your peers, because you know that you are different from others, and your trading system is explored by yourself. Just move yourself.