The process of speculating in foreign exchange is an occasion and opportunity to summarize and apply the knowledge you have read. So, how should novice speculators look at the market?
How should a novice speculator look at the market?
- Watch the fun stage
Staring at the first board of the increase list every day, I only see the rising and falling curves in my eyes, but I don’t feel anything in my heart.
- Primary stage
After I bought the book, I knew the technical indicators such as volume ratio, I knew the comprehensive ranking, I knew the minute ranking, I knew the capital flow, I knew the hot spots, and I had a little purpose and screening when I read it. Just like surfing the Internet, know how to use a search engine to filter out the information you need.
- Advanced
The purpose is clearer. With the optional items and sectors classified into different categories, I can roughly judge the running trend of the market. I have learned to create my own indicators, and test advanced techniques such as trading formulas (not to mention trading systems), and I have begun to reject traditional techniques and indicators. , thinking that he has entered the core of trading, obsessed with writing formulas and so-called “trading systems”, and using indicators designed by himself to measure the index.
- Systematization
Long-term staring and review of almost all markets with historical data. Build your own Forex trading system . Completely abandon all writing indicators and formulas (except those needed in the system) (now it seems that those “secret formulas or systems” that rely on high, open, low, close, and volume calculations are ridiculous Without mentioning things), back to the simplest and primitive technologies (speaking out, these technologies I dare say that people who are just entering the market may have heard of them). The purpose of watching the disk is to verify the system and improve the system.
Five, the integration stage
You finally found that under the guidance of an effective trading system, you can quickly become familiar with an unfamiliar market and become an expert in that market, which fulfills the saying, “The movement of the exchange rate contains all information.” When I first entered the market, I wasn’t afraid of your jokes. I didn’t even know that China was the world’s largest producer of rubber, and the largest producer of rubber was Thailand, Indonesia and other Southeast Asian countries. I started trading with my margin after only one week of demo trading. I don’t know the basic score, I only know that an effective system and psychological control can guarantee me that I can make a profit in any market, it’s that simple.
The fourth stage mentioned above is very critical and the key to whether you can finally have a foreign exchange trading system that suits you.
At this stage, he may just be a simple task that is time-consuming and labor-intensive, and cannot see any effect for the time being. Even sometimes, you yourself wonder if you are making a pointless, pointless effort. But I want to say that this stage is insurmountable. Only when you stare at the pan to the extent that you “would become haggard for Yixiao, your clothes will gradually widen, and you will never regret it”, then you will be able to enter into the stage of “suddenly looking back, that person has no regrets.” In the dimly lit realm”. Don’t take into account the suspicion or ridicule of others, but strengthen your own beliefs. Since you have chosen career speculation, then this stage is your choice without turning back, and there is no other way. You have to try to use the curve, combine all your knowledge of trading techniques, to explain what has been and what has not yet been predicted.
There is no guarantee that everyone can get out of this stage. Because the speculation industry is one of the few industries where you may not be able to reach the top even if you put in your hard work, hard work and sweat. In an industry that requires probability, tolerance for failure and imperfection, it is destined to succeed only to the lucky few who have both diligence, talent and opportunity. Therefore, choosing a professional trader must be extremely carefully chosen, because sometimes, the return is not naturally proportional to your efforts. Unless you love speculation from the bottom of your heart and are even willing to accept the end result of nothing, I really advise you to be careful with your choices.