What should I do if I am in a hurry to do foreign exchange?

Foreign Exchange Investment Research Institute
船长

In foreign exchange trading, too many investors can't wait for the price to move in a direction that is beneficial to them as soon as they enter the market. It is best to make a large movement and stop profit immediately.

However, the real laws of the market tell us that the probability of such a situation is very small.

In most cases, after entering the market, the market seems to be against itself, moving in the opposite direction of itself, or entangled back and forth near your entry position, or quickly running out of costs, but, it starts to seesaw in the middle. . .

In our trading, most of the reasons for the final profit and big loss occurred in this process:

Anxious to make a profit immediately;

Anxious to stop loss immediately;

Anxious to reap the small profits that have already made a profit;

Immediately want to go against the trend to increase positions and make up orders;

Anxious to stare at the board all the time, wanting to let the board follow the direction of my order with my mind, rather than decisively stop the loss...

In fact, as long as you understand the following picture, you will understand your current trading status.

dachshund

Some friends laughed after reading it.

But what the captain wants to say is that from the right to the left is not only your trading practice path, but also a lifetime of practice!

What do you think?

Copyright reserved to the author

Last updated: 09/05/2023 18:11

635 Upvotes
5 Comments
Add
Original
Related questions
About Us User AgreementPrivacy PolicyRisk DisclosurePartner Program AgreementCommunity Guidelines Help Center Feedback
App Store Android

Risk Disclosure

Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. Opinions, market data, recommendations or any other content is subject to change at any time without notice. Trading.live shall not be liable for any loss or damage which may arise directly or indirectly from use of or reliance on such information.

© 2024 Tradinglive Limited. All Rights Reserved.