How to distinguish between shocks and trends?
A Huiyou told me: Look at the weekly chart more. I went to see it and found it still a bit vague, so I beg you to explain it to me in detail! Or is there any other way to judge? I no longer want to hear the analysts in the group say: Now follow the trend and make orders! It is now in a range shock, do more on dips! Novices are really distressed, I hope all Hui friends will not laugh at me and talk about me.
If you want to make money in trading, what principles do you need to understand?
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?
Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?
For me, achieving a high Risk-Reward Ratio takes a considerable amount of time and necessitates a lot of patience. It's led to instances where I've experienced substantial losses. This has led me to contemplate whether lowering my RR might result in a significantly improved win rate. What's your experience with this? I'm curious to hear your thoughts.Looking forward to your responses! 🙏🏼
What is the essential difference between a good analyst and a good trader?
There is a huge difference between a good analyst and a good trader. Many analysts analyze the market and talk about theories in a clear and logical way, with a high accuracy rate.But once on the battlefield, the real gold and silver were slaughtered in the market, and most of them returned in defeat. The truly powerful masters are consistent in analysis and transaction execution, which is what we often say is the unity of knowledge and action.To become an excellent trader who combines analysis and actual combat, obviously, this goal is not easy. This also confirms the reason why there are so many callers who are quite accurate when you look at them, but you will lose money if you follow them.[Image]Most theorists end up being a one-man, the kind who don't do it themselves.What do you think?