First I want to review...
The first article said: I once again had a part-time job during the summer vacation, and I accidentally chatted with a passerby, and I heard the word "foreign exchange"...
The second article said: How did I start to find information to understand the foreign exchange industry, and started the first account transaction in my life...
In this article, I mainly want to share how I was hit by the first time in foreign exchange trading, and I really felt the fear, and how I spent this time...
Now when I think back to when I first started trading 10 years ago, most of the details are still vivid and clearly visible... I remember the first $10 mini account I opened in Nord at the beginning, and the account arrived after a few days of trading It’s 26 US dollars, and I don’t know why. I don’t have the concept of fund management, and I have no experience in the risk of market ups and downs. This made me understand the madness and excitement of foreign exchange trading. The previous article mentioned that the net value of the account stays It was Thursday at $26, and I was a little anxious because I felt exciting and fun at the beginning of the transaction. I thought that tomorrow would be the last trading day, and I would have to wait two more days until next Monday to start trading...
I started to rest early to recharge my energy and prepare for the next day. The whole day was flat and there was no improvement. The floating profit and loss of the account was not large. The magnetic field of my account is the euro. I thought that if I can achieve 30 US dollars this week The work was over, and then the bad news came. Without me noticing, the account was liquidated at once... Speaking of which, someone should have guessed it. I looked back for various reasons, and that day turned out to be the monthly account. On the first Friday of the first week, I felt such a shock for the first time, and it also made me know for the first time that the first Friday of every month in foreign exchange trading is the US non-agricultural report...
As usual, I tried every means to prepare my second account with $20, which was still a Nord mini account. At that time, I actually found various reasons and excuses for my first liquidation... ...that's not my fault, it's because I didn't know, and if I knew, the account wouldn't be in this situation.
The second week began, and I hoped to start my own trading with the second account of 20 US dollars, thinking that the first account was only 10 US dollars, and the second account of 20 US dollars should be easier to operate... But in the end, I lost money in three days and couldn’t even place 0.01 lot with a leverage of 500 times. I began to feel that it was difficult, and there were many unwillingness... So I suspended the transaction and focused on how to learn technical analysis and understand some basics. face situation...
In the next two weeks, I started to learn a lot of basic knowledge in FXTong, but I took the time to read all the videos and texts on the site. At that time, there were three notebooks in the dormitory. I didn’t have a notebook. I will go to Internet cafes to play games if I use less, and I have the opportunity and time to use their computers... At that time, the main fundamentals I learned were the composition of the foreign exchange market, what factors affect the foreign exchange market, the scale of the foreign exchange market and simple foreign exchange technical analysis And fundamental analysis, and various Baidu searches on how to learn to read various financial data and avoid these risks, and also came into contact with several more classic indicators and K-line patterns, such as: MACD, RSI, CCI, moving average, horizontal support And pressure, straight edge trend line, hammer line, shooting star line, enveloping line, piercing pattern, relay pattern, etc...
After making these preparations that I thought were relatively adequate at the time, I will definitely have a very good performance. The plot is often so simple, I started to be a gambler mentality, I actually opened a $50 account under the conditions at that time, a $50 account! Until now, I don’t know where my courage came from. For me, the $50 account at that time was equivalent to the current $5,000 account, which made me really feel the pressure of the transaction...
With my preparations and materials during this period, I began to try to use various methods to analyze the market trend. No matter how hard I tried, I could no longer feel the excitement and madness of the original $10 account, and the account once fell into a slow recovery. During the test, it seemed that I was in a quagmire, unable to pull out... At an inadvertent moment, I came back to see the net value of the account, and it was less than 20 dollars... I must have something wrong, the situation is not like this, I I rested for a day or two, but when I turned on the computer again and logged into my account of less than $20, the initial capital was $50. I even felt all sorts of discomfort when I returned my hands to the keyboard, and I even trembled while holding the mouse. I guess it was fear. When I saw the market, I was afraid that I would not know how to place an order, let alone whether I should place an order, or where to place it. ...This is the first time that I really felt fear, fear, helplessness and despair in trading. The characteristics reflected in the physiology are that I dare not read the market, I can’t understand the market, I dare not place an order, my hands are trembling, and I have no idea...
After this time, I started to suspend trading again, and started my so-called systematic study. Start preparing various resumes, go to the recruitment conference for a few days, submit various resumes...
This is also the stage where I first went from touching a deal to closing it for the first time...
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