Do foreign exchange practitioners have a future?
From testing the waters at the beginning to now becoming a full-time trader, I have been deeply trapped in this market. For two years, I always made money and lost it. I lost and wanted to win it back. I doubted myself countless times and asked myself countless times. Ask yourself: Do practitioners in this industry really have a future?
How to understand the phrase "the simpler the trading system, the better"?
What is the degree of simplicity here? Or the simplicity here is not what I thought, just use a few indicators, so what do you think of this sentence?
What conditions are needed to achieve stable profitability?
There are 3 major elements of stable and profitable trading: 1. Stable system 2. Stable execution 3. Stable mentality. The three elements of profitability complement each other and influence each other.A good system guides good execution, good execution brings good results, good results bring good mood, and good mood will in turn promote execution. But having said that, any mature trading system, including the original system, can only solve the first basic element. And stable execution and stable mentality cannot be solved by any system itself. A system is only a method of trading, not the result of trading. To form a profitable state of sustainable operation, not only the system is needed, but also one's own trading quality. Without any one piece, the wheel of profitability cannot move forward.
How is AI changing the way trading works?
Given that fundamental analysis often means going through loads of data like spreadsheets and SEC filings, is it possible that AI could trade so accurately that it makes human decision-making unnecessary? Also, how has AI already become a crucial part of advanced trading methods? And if I'm just an individual trader, how can I start using AI in my trading, and what could trading look like in the future if AI becomes a must-have tool?
In the face of sudden black swans, how should we deal with the risks in transactions?
There are many sudden changes in the foreign exchange market that will make people unprepared. For example, when I was facing a black swan before, I still wanted to carry the order and did not want to stop the loss, but there are many risks, such as the risk of jumping high and low overnight. Excuse me How is everyone coping?