Four levels of trading
  WikiFX 2023-05-30 10:29:39
Description:When you have reached the first three levels, then you do the right direction of the single, the most needed is that you endure, many times, you do the right direction, but just opened the position, the market will not move, only a small range of sideways

Level 1 competence: The ability to analyze - trend - direction


In the early stage, we need to learn a lot of technical analysis theory. In the later stage, we need to constantly review the actual summary, which requires an objective attitude and the accumulation of experience, and how long we can master it depends on everyone's efforts and their own understanding.


The second level of capability: design-break-even - ratio capability


When the knowledge learned can often be judged in the right direction in the actual trend, then you should consider how much stop loss you can afford to keep your account safe, or ensure that you do not lose too much on each order if you do wrong, but also consider how much profit you have this level of analytical ability can enable you to see, design your own profit and loss ratio.


The third level of ability: transaction - order - decision ability


The first two kinds of abilities are the most basic, not very abstract ability, as long as hard work can be achieved, when you accumulate the first two kinds of abilities, the real problem you face is the accumulation of decision ability, that is, you not only have to analyze the trend direction and calculate the profit and loss, but also make a decision immediately after this, when it is really realized, That ability is manifesting itself much faster than is now being said. Because the market will not wait for you to discuss.


The fourth level of ability: patience - position - resilience


When you have reached the first three levels, then you do the right direction of the single, the most needed is that you endure, many times, you do the right direction, but just opened the position, the market will not move, only a small range of sideways shocks, this time is very uncomfortable, closing the position is not uneven position is not, many times are a small loss after a few can not bear to flat out, and after you close the position, The market came out of dozens or even one or two hundred points, you began to be annoyed; And sometimes, after you close the position, the market goes back, you start to congratulate, these are actually wrong, because long-term speculation is not a fluke, because you did not adhere to your stop loss position, even if you get lucky once, but you did not really accumulate this ability, so when you have the first three levels of ability, then you should believe in your judgment and adhere to your stop loss, You'll do well in the long run. Stick to a pattern. Repeat.


Before trading, be sure to search for the evaluation of the securities broker to determine whether it is a black platform


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