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Why do really successful traders never share their methods or strategies?

stinky bear

It's not that he doesn't share, it's that you don't understand, and your thinking is not on the same line. He tells you that the most important thing is to use the current market as the benchmark, but you think that there must be some secrets to win any battle.

How to judge the real strength of a trader?

缠中说禅

Ask yourself whether you can solve these questions well, this is the basic characteristic quality of a trader!

Why do successful traders not advise others to trade?

神叨

No other, human nature is not to be stingy about sharing, but to know that people's bad habits cannot be corrected with a few words, and it is better to trade seriously than to waste more words.

How is AI changing the way trading works?

Uriah Hansom

I think AI assistants will make individual traders much more effective at filtering and processing information and evaluating strategies, and I think it's possible that AI could be an information equalizer between the individual retail trader and the "professionals".

What pitfalls do you need to avoid when interviewing for a job in the financial industry?

天涯浪人

Take a look at the following requirements for these professional analysts. Do you think you can apply without any experience? Entry requirements for junior (level three) foreign exchange investment analysts (one of the following conditions): (1) Continuously engaged in this professional work for more than 2 years. (2) After obtaining the undergraduate degree certificate of this major or related major, he has been engaged in the work of this major or related major for more than 2 years. Intermediate (Level 2) foreign exchange investment analyst application requirements (one of the following conditions): (1) Continuously engaged in this professional work for more than 5 years. (2) After obtaining the junior "foreign exchange investment analyst" certificate of this major, he has been working in this major for more than 2 years. (3) After obtaining the undergraduate degree certificate of this major or related major, he has been engaged in the work of this major or related major for more than 2 years. Senior (level 1) foreign exchange investment analyst application requirements (one of the following conditions): (1) Continuously engaged in this professional work for more than 10 years. (2) After obtaining the professional intermediate "foreign exchange investment analyst" certificate, he has been engaged in the professional work for more than 5 years. (3) After obtaining the undergraduate degree certificate of this major or related major, he has been engaged in the work of this major or related major for more than 3 years.

What is the essential difference between a good analyst and a good trader?

事了拂衣去

My opinion is: a good analyst is an excellent commander. And a good trader is a good soldier, able to observe discipline well and have strong execution ability.

What should I do if the platform cannot withdraw funds?

等待岁月

The quality of a platform involves many factors, such as regulation, scale, model, trading environment, transaction costs, etc. If you make a comprehensive judgment, I am afraid that there is no perfect platform, but after doing transactions for a long time, the most important thing is the security of your capital! Only when the wallet in the money bag is alive can there be follow-up development, so naturally it is unnecessary to say which is important, right? For those who do not control the stability of the platform, in fact, they can test the waters with a small amount of capital, run for a period of time, and basically can test whether the chuck is slipping or something, and it will not be too late to add funds at that time.

What do you think are the core competitiveness of a good broker?

rhapsody

In reality, there is basically no foreign exchange broker in the market that has an advantage in any aspect, such as the trading environment and customer satisfaction. Therefore, in the impression of most people, large foreign exchange brokers are better than small foreign exchange brokers, because large brokers have more advantages, such as strong financial strength, better liquidity, and higher security. From the user's point of view, the core competitiveness of the foreign exchange platform is safety and stability, trustworthiness and strict supervision are the foundation of a broker. The Tokenist, a well-known financial industry consulting media platform, selects the best foreign exchange brokers in the world every year. They evaluate foreign exchange platforms based on low cost, trading tools, currency evaluation and real-time data. In the latest selection released at the end of 2019, IG Group, TD Ameritrade, OANDA and others were on the list. IG Group: London-based IG Group received the top ranking for Best Forex Broker. Trust is what this broker is all about. Also, IG Group is always on every trader's top pick list. Asset listing is one of its big names, offering foreign exchange trading, cryptocurrency trading, individual stocks, all stock sectors, bonds, commodities, and even interest rate trading. IG Group is also a leader in CFDs. TD Ameritrade: TD is the only broker that only accepts US Forex traders. What sets TD apart is that it offers 80 currency pairs, complemented by top-tier tools, research and streaming data on its platform. TD's platform has 382 technical indicators, and it also offers 80 trading strategies that signal alerts when specific conditions are detected. Most recently, Charles Schwab proposed merging with TD Ameritrade, but its proposed merger is pending government approval. OANDA: "Best for experienced active traders". OANDA has been around since the early days of retail foreign exchange trading in the 1990s and has always been regarded as an industry innovator. OANDA's technology is top-notch in the industry, and its customer service is also the best. Plus, it has no minimum funding requirements and its fees are completely transparent.

How do you view the advertising behavior of the salesmen on the platform? The more salesmen, the bigger the platform, the more trustworthy it is?

bigeye

To be honest, a platform with more salespersons is more reliable, because the platform gives enough support for sales, and the large expenditure is also due to the large income and healthy development! The more Xiaobai and leeks, the higher the income of the platform, and the natural sales team will grow. If you can make long-term stable profits, it is safe for you to harvest more leeks on such a platform, and you can do it for a long time. On the contrary, if you cannot make long-term stable profits, Anyway, it doesn’t matter if you lose to the market or to the platform. Anyway, you will be harvested. A platform with more salesmen is at least better in terms of trading environment, because there is no shortage of leeks, and they will not do too much to your account.

Can you share your entry experience or trading experience?

tsing yi swordsman

If you want to talk about the experience of entering the industry, would you believe me if I said that I was tricked into it by a friend? Back then, I was also an honest and responsible person in a professional class. My friend said, come on, do finance with me. There is a lot of money in this industry, and it depends on whether you have the ability to earn it. So I thought, no matter what I do, it’s not bad, what’s the big deal, fuck him!! So I entered this industry that is as deep as the sea. I have been in this industry for more than ten years, and the journey has been bumpy, bumpy, and bumpy. Fortunately, buddy, I have survived until now. As for trading experience, from personal experience, the most important thing is not the trading system, but the execution ability. Of course, some people say trading philosophy, trading risk control and so on. But I personally feel that these things are included in the trading system. To measure the quality of a trading system, that is whether it can make stable profits. But we must know that no matter how good the trading system is, no matter how bad the trading strategy is, it must be put into the market in the end, otherwise it will be a decoration, which will not produce any economic benefits. As long as your trading system is going to be put into actual market combat, most of the final executors may be humans, and a small number of people will write the mature trading system as EA, perform mechanized operations, and strive to make money like fools. As long as people are operating, the final decision is execution. My trading experience is whether the execution can be done well. In many cases, the weakness of human nature will become a fetter in the transaction process, such as people's pursuit of advantages and avoiding disadvantages, such as fear and greed, etc. If the execution is not in place, how to overcome these weaknesses of human nature? How can we implement strict entry and exit rules if we can't customer service the weakness of human nature? Without strict entry and exit rules, how can you make big profits, small losses and stable profits? For example, after someone makes an order, he sets a stop loss. When the floating loss is about to reach the stop loss position, he always fantasizes that his direction is correct, so he adjusts the stop loss position again and again, and finally reaches nowhere. adjusted. This is a typical manifestation of poor execution. Obviously he was wrong, but he still refused to admit his mistake. Therefore, in the foreign exchange market, without strict execution, everything is floating clouds.

Why is it so hard for an analyst to be the best trader?

connotation jokes tv

An analyst is someone who lives in the past, a trader is someone who looks ahead. In fact, analysts and traders are two different professions, and it is not straightforward to say who is good and who is bad. There's no need to even compare. Many people have a bad impression of analysts, thinking that they are a bunch of scammers. Because what we often see is that an analyst has a vernacular meal and then gives operational suggestions. If he is right, he is awesome, but if he is wrong, he will sell it. Or in order to promote himself, an analyst sent screenshots, all of which were floating win orders, or the net worth had doubled, and various tricks to attract people. There is also a kind of analyst who is invincible. From the fundamental analysis, it is that foreign countries are relatively chaotic and intrigue all day long. From the technical analysis, the dead cross of the moving average, the deviation of macd, the Fibonacci callback to the best ratio, etc., are both long and short. Contradictions, still biting the bullet and giving advice on selling high and buying low. The most awesome one is the kind that can’t be understood after a high-level theory, or it’s a new indicator that I don’t know where, or it’s a technical jargon that makes people confused. The above mentioned are actually called analysts, but they are not analysts at all. What is an analyst? First of all, you must have a good economic foundation, which is what we call academics. Some people don’t even know what the trade surplus and deficit mean, but they still talk about fundamentals. In fact, the main job of an analyst is To sum up the history, that is to say, the analyst can use the data to conclude that your operation method in the past was wrong, but they cannot find out the right one. Therefore, for those who make a profit in trading, you know that this is wrong, and at most they tell you that it is wrong. It can be done, but what is right, the analyst cannot do. But the work of analysts cannot be denied, because there are still references. What a trader is, that is, you need to place an order when you are short, and you must be able to handle the order when you hold a position. These are not the job of analysts. The only thing that can be determined on the disk is uncertainty. We don't know whether k will go up or down first, we only know that it will go to the right, so it is what traders should do to deal with transactions. Are you satisfied with this answer?

Why do some people want to call orders? If he can make money by trading, is he still using it to call orders?

master r

Who doesn't want to maximize the benefits, everyone's pursuit is different. Some people have suffered losses due to personal rather than system problems after actual combat. From this point of view, can you close the door for him? I don't think so. I can only say that he is not suitable to be an independent trader, but that doesn't stop him from being a good analyst. You can't think that you can't make money from trading and quit this industry completely. You must understand your own shortcomings. If it is not a trading system problem, it is definitely a personal problem. This is also what I said earlier that execution is the only decisive factor that determines whether you can continue in this business. You might as well be an excellent analyst with practical experience and use your trading experience to provide valuable knowledge to market noobs. universal.

What are the common operating modes of thousands of trading studios, and how do they support themselves?

阴晴圆缺

Is your core technology hard enough? Many of my friends are engaged in asset management, and only one or two people with real strength can survive in this industry. Asset management has two incomes, rebate + profit sharing. The core of these two pieces is the trust of old users, and constantly attract new users to you. Without core technology, it is difficult to move forward. After all, trust is based on the fact that you can make them profitable. It is an exaggeration to say, if you have it, do it quickly, and it will be easy to receive goods worth several million dollars.

Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?

saifalhilali

I think it's a mix of both For example 55% win rate with risk to reward 1-1.5 still profitable And 45% win rate with risk to reward 1-2 also profitable

How to choose a platform, can copying or calling orders really make money?

sea²

Needless to say, copying orders and shouting orders, think with your feet, or push back, who in the financial market can guarantee that you will make money without losing money, and even banks can’t do things, so why bother again and again! The choice of platform, the foreign exchange market has already been divided into three parts of the world. What it was ten years ago will be what it will be ten years later. No one can suddenly claim to be a well-known broker or rank high. These are accumulated over the years. !

Why do 90% of people lose in a game with a 50% probability of profit and loss?

kurrency

Profit and loss is never 50%

How do you view the bonus activities of various traders?

follow the wind

Isn’t this bonus a way for our other industries to engage in marketing and discounts in supermarkets to attract customers and make consumption? Also, let’s talk about discounts in supermarkets. Do you want to buy it if it’s cheap? You usually spend a lot of money when you go to the supermarket, so you don’t save money at all. Because of the discount, you unconsciously buy things that you may not use. This increases the cost, and in the end you just don’t save money. Then let’s talk about the bonus, the same money he gave you, he must earn you from other places, maybe it’s a handling fee, maybe you don’t earn a penny, and then put in more of your own money, or you If you have made money, you will not be allowed to withdraw money if you do not meet certain conditions. There are many tricks, so don't be so naive.

How many people like Ma Baoguo are there in the trading circle?

oneforex

I have been in the foreign exchange circle for more than ten years, and I have seen too much. In fact, people like Ma Baoguo exist in any industry. As the saying goes: Xixi murmurs for profit, and such behavior is understandable. But the reason why the old horse is cast aside by everyone is mainly because of his ugly eating. The foreign exchange circle is even more of a vanity fair. I remember that when I first entered the industry, my seniors reminded me: There are too many bluffing people in this industry! I worked as an account manager many years ago, let me tell you about a wonderful person I met. I once met someone in Nanjing who claimed to have a trading system in his hand, which could trade all varieties in the world, as long as it was a K-line chart, and it included making money. As soon as you hear this kind of slogan, you know it is a quack doctor, but there are still some people who are willing to believe it. At that time, this person rented a hotel in Nanjing for office use. He showed me videos of various servers, delivery orders, etc., and originally wanted to develop My agent, but after chatting with him, I found out that he wanted to develop my clients to go to him. At that time, I felt that this brother's morals were really high. As an account manager, I cannot actually introduce these third-party traders to clients. After all, I still have professional ethics. But I was too curious, so I asked, can you talk about the specific transaction model and technical aspects. Then I talked to me for a long time, only talking about how to make money, how high-end the server is, and how powerful I am, but I didn't get to the point. Finally, I came to a sentence: young people, at most two years, I will go to the US NASDAQ for listing! Hearing this, the only thing I thought about was to leave as soon as possible, and don't lock me up in a pyramid scheme. I pretended to admire him, and told him that I would introduce him to the client when I got back, and contact him later! Afterwards, obviously, he never contacted him again. For about two months, his WeChat circle of friends has not been updated! Such a person, compared to Ma Baoguo, I think, should be even worse! There is another saying in the foreign exchange circle that there are too many fools and not enough liars. Because even if your methods are clumsy, you are still willing to choose to believe in the face of leeks who want to get rich overnight. There are many such people above, and what is certain is that there will be endless ones in the future. The leeks who are willing to believe will still hit the muzzle of the gun, the kind that will not look back after being bleeding. So, we can't change anything! For the foreign exchange industry, the only thing we can do is to be ourselves and do things with conscience!

Have you ever experienced a butcher plate?

lingling paint

I have never experienced pig killing, I have never made a deal, and naturally I have never been killed. If I want to kill you, I have no chance to kill you. I’ve heard of killing pigs. Retail investors are easy to be killed. It’s nothing more than a lack of deep understanding of the industry. If you have a comprehensive understanding, would you still do it? I am that type of person, and I have not used my own funds so far. The reason for trading is because I know that this industry is very deep, and I will not enter the market before there is any skyrocketing. Think about it, Lehman Brothers, the products sold are all Lehman and other banks and insurance companies. Companies that make single guarantees, now say they go bankrupt, they go bankrupt, and investors are in vain. If you do foreign exchange, you have no guarantee, and you dare to do it? That's not a lack of knowledge. What is that? Let me talk about the pig killing dish I mentioned earlier. There are some fake platforms, they can completely artificially control MT4, deliberately widen the spread and cause investors to lose their positions. I have clients who have made money and have opened such platforms. Some of these platforms are easy to reveal flaws, and some are difficult to distinguish. You After registering, you must first taste the sweetness and make money. At this time, there may be salesmen who know your financial situation privately, and they will put a long line to catch big fish. After you make money, you may also try to withdraw cash, and they will allow you to withdraw cash smoothly. At this time, you find that it is easy to make money, and you will be stunned. Borrow a large amount of money to recharge to the platform. At this time, they will adjust your Buying and selling prices, they will induce you to increase leverage, you increase leverage by 10 times, dreaming of getting rich overnight, and then they artificially create huge price fluctuations in the early morning by manipulating prices, only 11% price fluctuations are enough Eat all your principal, and when you wake up the next day, you will find that you have lost everything, and the money you recharged will never come back. Even if you are lucky, how does the banker adjust the transaction price? There is still no way to hack your money through the transaction, so that the amount in your account will become larger and larger. You failed to withdraw cash, because they were not prepared to let you take away the real money. You go to the police and find that you don’t know where the other party is at all, and you can’t find the specific personnel, because the people who operate these are just points set up by several domestic fraud provinces in Southeast Asia, the Philippines, Myanmar or Cambodia. It's just a registration record. Of course, if this gang is unlucky and cheats a second-generation official, it will also solve your case by the way, but they have already spent all your money.

What are the constraints imposed by brokers offering "Negative Balance Protection"?

Laura Leopold

If there is no NBP if the client trade oversize lots, they will get in debt. the account will be minus and the client need to pay the minus if he/she trade with the same account.