Guide:
Many people enter the foreign exchange futures market with enthusiasm, full of ideals for this market and a bright future for the future. They see many big bulls making money in the market, many trading strategies are sold online, and many transactions written in books The principles are well-known, why do I still make small profits and big losses from time to time, and finally have to leave the market in dismay. Is it bad luck or this foreign exchange futures market really has no place for itself. How can I grow into a big bull in foreign exchange futures?
Balance your mentality—internal factors are the basis for the development of things
When it comes to finance and foreign exchange futures, many people's first reaction is to make money, and then they realize the existence of losses and risks. The first reaction to a loss is not to stop the loss, but to increase the position, thinking of making a lot of money and winning it back, but these people are often taught a painful lesson by the market. Facing a professional market with a speculative attitude is like a man with a knife confronting a group of men with guns. If you are lucky, you may kill one or two enemies, but you will die in the end without knowing why. dead. Therefore, to calm down, to fundamentally recognize oneself, to be serious, and to be professional is the prerequisite for profit in the market.
Focus on the process - the inevitable connection between things, the inevitable trend of determining the development of things
The process here does not refer to the specific transaction process, but the process of growing up in the transaction.
The focus of ordinary traders is often only the final result: whether it is profit or loss, how they operate, how to judge, why they operate in this way, and what theoretical basis supports such operations and judgments Often unknown. Even some profitable traders can't say very specific reasons, so there is a "sense of the market". Sense of disk is real, and sense of disk is not equal to irrationality. I personally think that sense of disk is a subjective manifestation of the inevitable law of the development of things on the individual.
Everything in the world has an inevitable law of its existence and development. This law is universal, objective and eternal, independent of human consciousness. But people can change the world by understanding the laws and using the laws. Such laws also exist in the futures market, which can explain why the trend in the futures market always has countless historical recurrences. The market sense is produced in this kind of historical recurrence. Although we may not remember each market trend or shock in detail, when a familiar trend appears, because we have experienced it more times, we will be stimulated. Formed conditioned reflexes, thus subtly affecting people's choices. And when this kind of thing is summarized into our own trading mode, we call it experience. Big bulls in futures are often people with rich experience and excellent market sense.
The best way to develop a sense of trading and enrich experience is to go through a lot of actual trading training and conduct in-depth analysis of each transaction.
1. Analyze yourself in the transaction. A person's personality, attitude, strengths and weaknesses, ways of dealing with problems, and even his health and mental state for a period of time will all affect a person's trading process. In every transaction, these subjective factors will have an impact. For example, indecisive people may have insufficient execution in stop loss, and decisive people may stop loss in time, but stop profit too early. Through continuous analysis of oneself, understand one's own personality traits, develop strengths and avoid chaos, and form one's own trading style.
2. Take every transaction seriously. Don't only think about it every time after a loss, but also think about the reasons for the profit when you make a profit. Consider the possibility of each situation and actively verify it.
3. Pay attention to reviewing historical data. Because history is recurring, repeated observation of historical data can improve the market sense, especially the data in recent years. Although there is no guarantee that the trends will overlap 100%, similar market trends are always happening. In the past, people who professionally studied futures would print out several years of historical data for research, which was a huge amount of work, but now there are many software that can provide historical data.
4. Improve capital management. The adjustment of margin is the freedom given to investors by the futures market. The free choice of this authority will bring the most direct and full exposure of human nature. People always have a strong tendency to use enough margin, but this undoubtedly increases their own risks. Proportional use of margin will cause huge fluctuations in investment profits and losses, and there may be a possibility of capital explosion or rapid destruction. Therefore, perfect capital management is essential. Strict risk control is the starting point of rational trading and the core and essence of trading activities. Only by saving your life can you be qualified to talk about development. The top investment guru Buffett told us investment skills: the first rule is not to lose money, and the second rule is to strictly implement the first rule! Besides, masters value risks so much, let alone ordinary people. For novices in futures, light orders and small amounts are a simple and effective way to increase the "vitality" of futures, reduce the impact of market fluctuations on the heart, and enhance confidence in holding positions.
5. Dataize transaction results. Quantify the transactions over a period of time, whether it is a simulated or a real offer, as long as the transaction is displayed in a digital way, discarding subjective cognition and false memory, and effectively and objectively evaluating and diagnosing your own trading behavior , including trading habits, trading cycles, trading preferences, risk control, etc. On the one hand, you have an intuitive understanding of your existing trading capabilities, and on the other hand, you can provide references for future transactions and completely improve your trading conditions.
Experience results—quantitative change leads to qualitative change
No matter what kind of success is not achieved overnight, grow up according to scientific methods, deal with the situation according to principles, observe a large amount of historical data, simulate exercises of historical market conditions, improve the sense of the market, know yourself, master the laws of the market, and fully train your troops After that, going into battle to kill the enemy will definitely make great progress. From loss to no loss, from no loss to small profit, from small profit to real profit in the market, this is a process of quantitative change leading to qualitative change, and it is also a process of growing from a novice to a big bull
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