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How can one be called a qualified trader?

autumn breeze

First of all, we must have a brain full of trading wisdom, so as to have correct trading ideas. Just as farmers need the wisdom of growing crops, scientists must have the wisdom of making atomic bombs. Only correct trading ideas can guide correct trading behavior; secondly, we must master the correct trading ideas Trading methods, only by proficiency in trading methods, can you hone the correct trading behavior, and correct trading behavior can produce positive trading results; finally, you need to have your own trading tools, that is, trading systems, just like sniping With a high-precision sniper rifle in hand, if the sniper is equipped with a gunpowder gun, no matter how powerful the sniper is, he will not be able to kill the enemy 2,000 meters away!

What do you do when technicals and fundamentals collide?

汇盈学堂

The fundamentals will have an impact on the short-term trend, but it has little significance for the long-term trend. After the news is digested, we still follow the technical aspect.

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".

The market often has some good and bad news, how should we generally treat it?

wishful trend

Let me borrow Huihu's reply to your message: In the eyes of a thousand people, there are 1,000 Hamlets. The so-called good and empty are people's subjective guesses, and the market will follow the direction of the main funds. The news can only affect for a while, but it cannot affect the whole life. And the impact of the news will be shown in the intraday, you just need to follow the trend.

In the face of sudden black swans, how should we deal with the risks in transactions?

deer seen when the trees are deep

Gap and high opening refers to the phenomenon that the opening price in the market exceeds the highest price of the previous trading day. From 9:15 to 9:25 in the morning, during the call auction period, the power of buyers is much stronger than that of sellers, and the opening price at this time is higher than the closing price of the previous day. There are two possibilities for this situation: one may be the dealer’s test action to see how much selling is on the top; the other may be that the dealer’s main purpose is to attract the attention of investors for the convenience of distribution. It is possible to drive high and low. Therefore, it is generally not recommended to leave overnight orders, nor is it recommended to leave orders for weekends, because no one knows what emergencies will happen when you are resting, and what kind of market fluctuations will be brought about, except for medium and long-term trading methods.

How to accurately enter the foreign exchange point?

last love

Analyze the fluctuation space up and down to find a relatively low position. It must be ensured that the entry point is as far away from the possible consolidation range in the future as possible, and it must be ensured that the technical profit margin is greater than the loss margin. If there is a breakthrough during consolidation, you can enter the market in the direction of the breakthrough. Note: If there is no good position, do not enter; if the profit margin is narrow, do not enter; technically, if the profit margin is smaller than the loss space, do not enter; if the stop loss is not well set, do not enter. When doing the operation of the day, you must avoid chasing ups and downs! If it is bullish that day and the space is relatively low now, then you can buy more; if the current position is not ideal, then you have to wait for a better position or you can place an order and wait Another way to enter the market is that at the beginning of the market trend, the retracement of the rising market or the correction of the falling market are good opportunities to enter the market. Markets don't just go up or down. The key is to judge whether it is a correction of the index or a turning point of the market.

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.

How to explain leverage in the forex market?

April Michael

Learn to calculate leverage. Or excel it out. Law of deminishing returns kick in > 4:1 Not saying use it or don't. We all have. And knowledge is power.

Everyone talks about whether the news is bullish or bearish. Why does the market still go in the opposite direction?

financial tycoon soros

Bad news or bullish news will go in the opposite direction. The trend of a market has a lot to do with it, and the weight of a lot of news is not as big as imagined, and the news may be digested in advance. An ordinary news basically doesn't show much on the market, only some heavy and core events and data will affect the short-term fluctuations and trends of the market.

Are Forex Bots Profitable?

sifusteve

Never used before. Therefore, cannot really answer it. However, some bots do well, some don't. Its programmed by humans. If the human is not proficient in trading, therefore the program will not be as profitable.

What will be the result of a stable and profitable trader if he discloses his trading system?

the most romantic thing

Trading has a certain degree of reflexivity, which is the real reason why we see that many mature trading systems cannot make money.

Why is the most difficult thing to trade is stability?

pls9391040

The market is like a high-speed rotating safe lock cylinder, and trading is like a key in your hand. Only by constantly polishing your own key can you have a chance to open the safe, and the timing must be correct, otherwise, no matter whether it is the wrong key or the right key, you will have a chance to open the safe. Take the wrong shot at the wrong time and the key will break.

Why do most trend trading systems have a win rate of less than 50%?

lectures at hanlin academy

1. Chasing ups and downs Trend trading does not care about chasing ups and downs, because there are higher highs and lower lows in the trend market. Positions that follow the trend can always be profitable as long as you wait patiently for the development of the trend. But if you don’t pay attention to the timing of buying and selling, enter the market at the top or bottom in the short term, and then the price retreats, and the position is locked; it will not only affect the mood and make the mentality unbalanced; it will also be a heavy blow to the confidence of holding positions. Short-term tops and bottoms are generally caused by the collective buying and selling of the masses. Generally, when the trading volume suddenly increases, it means that the masses blindly follow the trend and enter the market. At this time, it is often at the cusp of some short-term speculative funds to make profits and close positions. Then the buying or selling orders of the masses are exhausted, and the price naturally retreats. A good buying point or selling point should be established at the low point of the sharp drop in the upward trend, and short at the high point of the rebound in the downward trend, and pay attention to the 50% retracement of a trend market. There are also many trends that are often arranged in a sideways manner when they are strong. When the sideways arrangement reaches an important average line position, it is also a good point to open a position when encountering the support or resistance of the average line. In addition, when the overbought and oversold values are extreme, do not enter the market if the distance from the moving average is too far. Generally, there will be a finishing process that moves closer to the moving average. Almost all losses are related to two points, that is, "can't see the trend clearly, and can't hold the position". I personally think that solving these two points is the right direction for the success of the transaction. I suggest that traders should record the trades that lose money, analyze what went wrong, and classify the losses, so as to know that "you will die there, and then never go to that place." 2. The trend market is too short or a false breakthrough The trend market is too short. It should be said that in most cases, this is a retracement wash market in a higher-level upward trend; , is a false breakthrough. Regardless of the situation, it can be said that it is a good time to establish a reverse position, and it can even be used as an indicator to establish a reverse position to make a profit. However, in terms of trading techniques, stop loss is required to be firm and decisive, to respond quickly, and to set support and resistance levels clearly and effectively. In essence, a false breakthrough, a false trend in which the market is too short, is precisely because you are operating against the market in a higher-level trend, then the opposite direction is correct. False breakthroughs and false trends point out the correct direction of the market. 3. Appearing too early Did not hold on to profitable positions. The second kind of loss is not a loss, but only making small profits in a round of big market trends with obvious trends is an important reason for the overall account loss. In the process of trend development, as long as the trend starts to move in one direction, the most likely direction of the trend is still to move in this direction, which is the direction of least resistance. Here, mental issues and discipline are key. If you want to secure a profitable trend position, you should have several disciplines and a good attitude: 1. Don't try to buy low and sell high for small fluctuations in the trend. This method often results in making many small sums of money and losing a large sum of money. 2. Don't try to catch the top and bottom, close the position after the trend has clearly reversed, give up 10%-20% of the profit after the trend band, and establish a new trend direction position. 3. Having confidence in the trend means having confidence in your own judgment, which is very important. How many times have we held the entire trend market while watching the market every day? Many people closed their positions early when the trend had just started and made some small profits. It is more important to hold the position than to judge correctly. Perhaps the best way is not to keep a close eye on the market and stay away from the market. Facts have proved that ostrich tactics on trend positions are often successful. Therefore, stay away from the market. The nervousness and fear of loss caused by staring at the ups and downs of prices every day will make you have the urge to quickly close your position and pocket your pockets in pursuit of psychological comfort and security, resulting in premature loss of favorable positions Leave the field. 4. Buy the bottom and sell the top against the market The first type of operation against the market is to buy the bottom and sell the top, which is the reason why most people lose money. In an obvious downward trend, you constantly think that the price is too low and buy cheap goods, or feel that the price has fallen too deep and rush to rebound; in an obvious upward trend, you constantly think that the price is too high and sell, or feel that the rise is too fast Go short; these are extremely risky trading techniques and habits. Buying the bottom and selling the top is only effective in a sideways market, but even so, small funds and retail investors should not short when it is rising sharply or buy when it is falling sharply, but should wait for the price to rise to an obvious resistance level Short when the market is weak, or buy when it falls to an obvious support level and shows strength. This is the safe way. If you operate with the trend, then you are most likely to be right countless times and make one mistake, only at the turning point; but if you operate against the market, then you are likely to be wrong countless times and get right once. In view of this, the correct method should be to give up the first 10% or even 20% of the profits, and pursue stable and reliable profits along the trend; that is to say, one must wait until the trend is established before entering the market. This kind of profit will be less than that of the so-called masters who occasionally copy the bottom and sell the top, but it is indeed the most long-term stable profit. Many people have suggested to me that it is difficult to see the direction of the trend. In fact, the definition of a trend is very simple and clear. An uptrend is a price trend in which the high and low points are constantly increasing, and a downward trend is a price trend in which the high and low points are constantly increasing. If you can ignore Small fluctuations and noise, in most cases, as long as you want to see, the market trend is very clear up, down, and sideways. The reason why the trend cannot be seen clearly is probably because the observed time dimension is too short. For example, if you look at the 5-minute K-line, if you look at the daily K-line and weekly K-line, the trend is often clear at a glance. 5. Homeopathic positions were washed The trend market will have a normal retracement arrangement. The coping strategy is to set the stop loss point and profit stop point according to the definition of the trend, and continuously increase the stop profit point during the development of the trend until the reversal cuts out the profitable position. But sometimes there will be an excessive retracement in the market to exit your position, and then the market will return to the original trend. This situation often happens. After all, the market will not be as perfect as a mathematical formula. In this case, our strategy is to exit the market strictly according to the stop loss and take profit point and then re-enter the market again, and don't care about going long at a higher price or shorting at a lower price. Financial transactions must overcome the weakness of human nature, hope, fear, regret, self-esteem and other emotions that hinder you from making profits in the market. Selling at 10 yuan and buying it back at 12 yuan is very psychological for many people. It's hard to accept, but if you don't, you may miss a large period of trending market. On the whole, it is often inevitable to be washed out. However, how to deal with stop-profit and stop-loss is the key to deal with it. It proves that the position in the adverse market should be closed as soon as possible, and after being washed out and the price returns to the original trend, it should be re-entered.

Why do many old traders say that they must learn to make money slowly when trading?

细品岁月

Everyone understands the meaning of slow money differently. The literal understanding refers to slow time, but I don’t think so. Let me talk about my personal understanding of 20 years of trading experience. Earn money slowly: refers to risk control. If you want to make money from the market for a long time, you can ignore the luck factor. Just like taking a school exam, once in a while you will get the right questions. In fact, there are not many good opportunities in the market that are truly cost-effective, and even fewer can be found, and even fewer are in line with your own trading logic. Learn to wait. Wait for the opportunity to appear, and then place a bet with a profit-loss ratio that you can bear. It will take time for the market to materialize, maybe a year, two years, or a few years. So this is how I understand making slow money.

What are the requirements to be able to engage in professional trading?

南柯一梦

It is not recommended to do business full-time.

Would you stop doing it the next day as long as there is a loss order on the day?

量化ea那点事

Look at the market, technical indicators, market information, adjust your mentality, and continue to place orders

How to understand "buy news and sell facts"? How to deal with similar data planes?

old building

In fact, this question is about how to deal with fundamental news. I personally think that we should try our best to avoid fundamental news to make orders, because our news is too late, and the market has already started to move after we know it. Besides, there are several bad points about fundamental news: (1) Fundamental analysis It is impossible to quantify the time interval during which basic data or information has an impact on market prices. (2) There is great ambiguity and unpredictability in fundamental analysis. (3) Not all price fluctuations are caused by fundamental factors. Sometimes, the price rises steadily due to the continuous positive influence of fundamental factors, but when the price reaches a certain price, the closing operation of the long orders entered in the early stage is enough to cause a short-term sharp correction in the market price trend. At this time, although the overall upward pattern of the market remains intact, if some investors enter the market to do long near the peak before the price has a sharp correction, then in the margin market where investors do not have enough capital reserves, it is very likely that there will be a liquidation. Phenomenon. History has proved that liquidation is extremely painful.

Is disk sense important on the road to trading success?

魔鬼把

The market sense can be said to be very important. It may sound absurd, but it is the truth. There are many times when you feel that the market is in danger. It is clear that the market is calm and moving in a good direction, but you are inexplicable. Some worries, or fears, I don't know if it's the fear in my heart or the market, but often if I listen to my heart, I will lose a lot less. After all, sometimes, the more money you make, the more you feel that the market One side lasts for a long time. Of course, sometimes this situation will bring losses. Hahaha, so the sense of trading, I feel, is more of your only friend in lonely trading, only she has been with you the longest in your trading career, and the sense of trading often brings more advantages than disadvantages. That alone is enough. I have been trading for more than ten years, and I believe in market sense, because predicting the market depends on the high probability analysis and market sense of trend continuation.

I can't hold on any longer...?

cap

I can only say that you are still too weak😂. (I'm just joking, hey, let me add a small expression) I haven’t made any money for four years. What did I say 😭You read that right, everyone is making big and big losses, but I have been making small and small losses. Unlike you, I didn't lose a lot of money. I have thought about giving up many times, feeling that I can't make money, and the market is chaotic. I never carry orders and stop losses firmly, but the funds continue to wear out and die slowly. I also tried to change different methods, but I still couldn't improve my winning rate. I always wondered why I didn't do it right, why didn't I do it right? Afraid of losing and making mistakes, sometimes trading in a muddle. I don't mention it sadly in the middle, in fact, I only lost 400 US dollars in four years, but I never saw my first day. However, in reflection, I gradually realized that instead of improving the shortcomings, it is better to give full play to the strengths. My long-term winning rate is 35%. Since I can't improve the accuracy rate, and since my entry skills are at this level, then I will increase the profit-loss ratio, change my exit, and my position time will be longer and longer. If it is important to hold a position for ten minutes, if it is important to hold a position for one hour, if it is important to hold a position for a week, then if I hold a position for a month, the entry technology is far less important, and if I hold a position for half a year, technology is far less important . No matter how good the technology is, it can't change the trend of the market. I will follow the ups and downs of the market during this long enough holding time. As long as there is a big market in a year, as long as I am indeed in the market, profits will definitely come. In this way, it may be very slow to make money, or the retracement of floating wins may be large and long. Until last month, I was still struggling with long-term, short-term and even separate use of several accounts. But I suddenly realized that even if you make money slowly, it must be better than losing money. It's funny to say that such a simple nonsense broke my knot for so long, so I started to focus on the medium and long-term, and on one account. I hope that my experience can be helpful to others. Whether you persist or give up, you must clear up the confusion and make decisions based on your own objective situation. For example, for me, trading can only be a hobby, and the main business cannot be relaxed. You can't let the transaction take your own life into it. Ordinary people like us don't have so many opportunities for trial and error.

How to filter out the "noise" in the market and choose a better entry point?

拾汇工作室

How to filter out the "noise" in the market is closely related to your trading system. Each system has its own indicators for filtering "noise". Each trading system has its own entry and exit standards. As long as the market trend is outside the scope of the system's sniping, just treat it as noise and don't pay attention to it. For example, if your trading system uses the 60-day moving average as support and resistance to open positions, then you don’t even need to pay attention when the market is consolidating and the moving average is entangled or when it doesn’t touch the moving average. I think the questioner can ask this question must be because he does not have his own trading system yet. If there is a positive profit, the mature system will not have such a confused problem. So the key point is to build your own trading system. After you build the system, you will understand what kind of trend is your opportunity, and what kind of opportunity you don't go back to grasp. When you really understand these, your transactions must be leisurely and easy. The quotations outside your trading system are all market noises. The subject mentioned that "Usually, moving averages and breakthroughs are used to determine entry points in small periods and filter noisy signals, but the effect is average and mistakes are often made." I guess the subject's trading system currently has only a prototype and has not been fully polished. If you want to polish the trading system well, you must go through a lot of review. Look for trading opportunities that conform to the system, make statistics such as winning rate, profit-loss ratio, frequency, etc., fine-tune in continuous trading, and all problems in your trading system will be solved when you polish your trading system.