Long-Term Forex Trading Conditions and How to Achieve Consistent Profitability

When doing the mid-term, people who usually go back and forth and do the short-term want to "eat up the whole market mentality", which is very harmful. When doing the medium- and long-term, you must have an overall view, which requires a mentality of ignoring the short-term profits. In fact, what you do is to have unwavering faith. At the same time, you must be flexible and flexible when the market is moving, and improve your strategy at any time. Don't become stubborn because of your firm belief.

What generally relies on to seize the opportunity is not technology, but the opportunity to take the fundamentals. It is undeniable that people who grasp the fundamental trends are often prophets. Since they are prophets, it means that there are no clear entry and exit points technically. However, what is safe for individuals is that after knowing the basic situation, they must wait until the technology is confirmed before entering the market. What should be noted is:

1. Only focus on one thing, either the mid-line or the short-term. Doing it at the same time can easily affect your judgment.

2. The margin leverage of 200 times is too high and is not suitable for the mid-line. The pressure is too great, and the short-term fluctuation of 100 points is too risky for heavy positions.

3. How to carry out heavy positions, the key is to grasp them in batches and segments. This is the key to heavy positions. It is a spread-out heavy position, so it can avoid risks of more than a few hundred points (sudden risks in the short term). The adjustment of the total position will rise and fall with the trend of the market band, and there will be no overall position loss.

How do experts achieve stable profits?

We admit that the operation of the market is disordered, and entering the market at any position is risky. Therefore, how important is the stop loss? If there is an order, there must be a stop loss, and it is a small stop loss. It is very brave to place an order. We dare to place an order at a position that we think is very dangerous.

Second, strict position management, since it is recognized that the market operates in disorder, then risks are everywhere, personal capital is limited, market opportunities are unlimited, and market risks are unlimited. Use the limited to deal with the infinite. If there is no good position management, it will appear: the money is gone, the opportunity is there, never pursue a sudden wealth, of course, never be afraid of small losses, small positions, small profits, small losses. If you encounter a sudden big market, you will not dislike it if you make a big profit, but you will never accept a big loss.

Third, strictly control the number of transactions, that is, the frequency of transactions. Gold trading is a 24-hour transaction. If we only look at opportunities, there are dozens of valid opportunities a day. However, these young masters I know will never make transactions more than 3 to 4 times a day. They all have a self-made rule: they require orders to win.