Beginners in foreign exchange often only care about long-short judgments. As time goes on, they will feel that there are many things that are more important than long-short itself. Today's student shared his understanding of foreign exchange trading, let's see what experience he has!
The following original text:
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I have been in contact with foreign exchange for 4 years. At the beginning, I mainly read books. I operated a demo account according to the method in the book. Every time I placed an order with a fixed lot, the result was a big profit and a big loss. The importance, I saw the Kelly formula, but this is only a betting method for determining the winning rate in gambling, and it is impossible to know your exact winning rate without a lot of statistics. Gradually, I feel that foreign exchange trading is not as simple as I thought.
It is difficult to achieve long-term stable profits without reaching a certain level of cognition and professional training. If you use a fixed method with no error tolerance rate, you will definitely make a lot of money when you encounter a suitable market, but the randomness of the market will always exist, and the market structure will also change. If you can’t use it flexibly and keep up with market changes, you will eventually return it. market.
I encountered a lot of bottlenecks in the intermittent operations later on. There were no successful traders around me, so I could only search online by myself, so this year I saw the morning sharing of the Asa community on the Internet. I thought it was a professional and systematic trading method, so I passed it. Xiao Y joined the principal, and felt very reliable through chatting with the principal, so he came to our community amidst many questions.
This period is a period of confusion about foreign exchange, no confidence in what to do
I also exploded a small account, but the amount was not large
In the community, I saw that traders at all stages are growing and progressing in the big family, so I naturally have a strong motivation to improve myself again. Although I have been in the community for two months, I can clearly feel the changes in myself.
First of all, I corrected my wrong thinking in the teacher's narration by learning the three-state system and listening to live courses. The key point is that what needs to be judged is not whether the market is long or short, but whether the market status can be changed.
For example, for example, you may intuitively think that the current market trend is close to a positive retracement model, so you judge that the previous high will turn around, but the actual market is in a large unilateral trend, and there is no strong reverse momentum, that is, there is no market break unilateral state. So at this time, you can't rigidly apply the model, but analyze whether the unilateral trend is weakening and taking the deceleration channel, and where it will turn in the front. The position where you get on the car should be the place where the kinetic energy is to be released again, not the high energy exchange intensive area at the front.
Secondly, the big top and bottom positions should pay attention to observing the laws of time and space rather than just changes in fundamentals. For example, Mr. Zou's Ou Niu
This trend is very symmetrical and standard in terms of time and space. If such a trend occurs, it is a reversal market with a high weight.
This bottom-buying made me really feel the charm of the three-state system
Finally, combined strategies can better wrap profits. The three-state model puts more emphasis on the confirmation of finding the inflection point, and the confirmation of the heavy weight is high. Participating in this market will obtain structural profits. The stop loss tolerance space when we operate is not the category of weight and confirmation, but the concept of precision. It is more difficult to grasp the accuracy than to grasp the model structure, which also means that the smaller the precision space of the stop loss, the higher the probability of failure and the greater the blow to people
Therefore, many short-term masters will reduce profit margins at the same time to increase the winning rate, and use large positions to make up for small profit margins.
The combination strategy can combine the research and judgment of various inflection points into a fault-tolerant space for entering the market, and achieve stable profit acquisition with a cost-effective cost. You may be worried that the market will not give you the deepest entry position, but just thinking about it is better than stopping the loss because you only see one possibility of the trend. So after getting familiar with the model, I have to learn to design better combination strategies.
I also did the gold yesterday, although it was not successful, but I also used the combination (with pictures)
If I judge that it is oscillating within the channel range, I can find three entry positions that can participate, namely inner retracement 1, positive retracement 2, and upper edge of the channel 3. Use inverted pyramids or weights to configure positions in these three positions . The stop loss is above the entry level 3. Unless the trend is turning at entry point 1, the overall cost can be controlled around entry point 2. In this way, the risk of entering position 1 is reduced while not missing the profit.
This is just an introduction, and I hope that everyone will put forward more different views. My sharing is over, thank you all
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