After a period of foreign exchange trading, most investors find that the results are not as satisfactory as they imagined. There are various reasons for this phenomenon, but the most likely reason is trading habits. At the beginning, many investors are often confused by opportunities and interests, and ignore that all transactions are executed according to plan. Few people can get correct and powerful guidance at the beginning. After a hasty start, they will be confused by the ups and downs and profits and losses again and again, and they will be trapped in it and cannot extricate themselves. When I was full of worries, I realized that I had developed a bunch of bad habits through stumbling all the way. We must establish correct foreign exchange trading habits so that we can earn more profits. So how do we make ourselves have good foreign exchange trading habits?
1. The power of foreign exchange trading habits is extremely huge.
Human nature is like a river in a mountain, always looking for the path of least resistance. Especially in the face of uncertainty, people will instinctively follow the previous habits, and will not and have no time to consider whether the previous habits are correct. The result is bad habits that keep kicking in, in a vicious cycle that repeats itself over and over again. Once a habit is formed, it is difficult to change. This is due to human inertia. But wrong habits must be changed, and only by turning wrong habits into correct ones can investors get the desired trading results.
2. To change foreign exchange trading habits, you can start by reducing the trading frequency.
Because the higher the trading frequency, the more decisions to be made in a short period of time, the easier it is for people to follow the previous habits, and once the trading frequency is lowered, investors will have more time to think and make decisions, which is beneficial Possibility to change past habits. Since few people can get professional guidance and training from the beginning, most investors still need to cross the river by feeling the stones, instead of jumping into the river regardless of the three seven twenty-one. For most people, in the absence of guidance, it may be more practical to make trading decisions once a week, and it is easier to get the results they want. For most people who have developed some bad habits and want to get the desired trading results, what is needed now is to clean up and be a new person. The speed at which you change determines the speed at which you reach your goal and the speed at which you succeed.
3. Wrong habits can cause harm, but correct habits can bring joyful results.
The gold trading process is equivalent to the need for good habits, and the process of developing trading habits is a process of forming a trading process. We can understand it as the production process of a factory, and any problem in any link is a problem, and there is no way ensure product quality.
In foreign exchange trading, it is your mentality and preparation for the exchange that determine your profit and loss in this transaction, that is to say, before you enter the transaction, your victory or defeat has been decided. The daily process of professional foreign exchange trading is to present the whole process of making stable profits for outstanding traders. The first, second, third and eighth, ninth, and tenth steps are most likely to be overlooked by amateur foreign exchange investors. It can be seen from this that the biggest enemy of stable and profitable trading is not inaccurate analysis, but ideological ignorance and laziness in behavior.
4. Any market is the same. If you want to succeed, you must overcome yourself, be obedient, and execute. His analysis is also important in the future, but the analysis is correct, but it is not implemented. That would be the same as not analyzing.
The development of foreign exchange trading habits should be carried out from the very beginning. Good habits can often avoid the interference of psychological factors and allow people to consider issues from a more rational perspective, which is conducive to allowing investors to trade according to the established goals.
If a trader has set a profit target before entering the transaction, then an obvious possibility is that once the target is reached, he will immediately issue a price limit order to withdraw from the transaction. It is also possible that the trader keeps letting profits rise until there is a sign that some price change is turning into a loss. In this case, the exit plan may be: sell at the stop loss point, or sell when the index X gives a sell signal; whichever situation occurs first, act according to whichever method. No matter what kind of profit plan is used, the most important point is that traders must realize that the ultimate goal of trading is to receive profits. Unless he decides to try his luck again, he should always keep in mind his clear line of taking it when it's good. Many successful traders understand that money is easy to make but hard to keep. Traders who put profit-making plans behind them will eventually learn a painful truth: "Trees can't grow to the sky."
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