Different markets such as futures, stocks, and foreign exchange have different characteristics. As far as one market is concerned, not every market trend is suitable for you.
Novices trade entirely on impulse and emotion
Friends who have just entered the futures, stock, and foreign exchange markets will be shocked by their huge wealth effects: Is there any way to make money like this? And opportunities abound, getting rich overnight is not a myth. They relied on their joy, intoxication, and impulse to carry out emotion-driven transactions, rushing and killing, and were out of the game within a few days; then they raised funds to fight again. After repeated defeats like this, one day finally failed to raise funds. Slowly and gradually I became calm. Only then did I learn to read technical analysis books.
From the perspective of a novice, market opportunities abound. Every market situation can be grasped, and every market situation belongs to you, but this is not the case. There are many people in the market who rely on emotional trading. The characteristic of traders who have just entered the market and are dominated by emotions is that they believe that they can and have the ability to grasp every segment and almost all market conditions. The real masters are often intimidated and shy away from most market conditions.
Technical analysis teaches us how to judge the market
If you want to see the market clearly, the shortcut and method is to learn technical analysis. For the market, the best method to guide trading is definitely not technical analysis. However, apart from technical analysis, we do not have and cannot have a better method. We can only settle for the next best thing.
Technical analysis is just a way of looking at market conditions: using a tube to peer into the sky, using a worm to measure the sea, and using a worm to hit a bell. However, after all, there is a diameter, ruler, standard, and method for observing, measuring, and analyzing the market. Although it may not be good, when this method is most popular and when market participants understand, recognize, and follow it, it will Becoming inexplicably effective and trustworthy.
If we learn the price morphology in technical analysis and learn to see through the "images" and words of the market, we will learn to judge the market. I know the support and resistance of the price, I also know the trend and clutter, and I understand the choice and abandonment of the market.
There are too many quotes that I can’t understand
Traders who learn technology generally have this confusion: the more they trade, the less they understand the market. This is indeed the case. Expert traders never deny that they cannot understand the market most of the time. On the contrary, he does not understand trading. In his opinion, the market is everywhere and there is nothing he cannot understand.
I once met a futures trader who has been trading for 18 years. He told Huang Su that futures prices are everywhere and there are many opportunities. I was surprised after hearing this. Afterwards, his master told me that after more than ten years of coaching him, he didn’t understand what the market was and he had never made any money. I haven’t made any money in 18 years, but my persistence and love for futures trading is really admirable.
Every trader who has been rigorously trained in technical analysis and has a lot of experience in real trading operations has a very strict judgment on the market. For different qualified traders, the market situation is also "all the flowers are in their eyes". Only traders who do not understand technical analysis are "all the flowers are in their eyes".
Why are there so few quotes for you?
I often ask young traders: How much of the market can you grasp? Some people thought I looked down on him and thought he was imbecile. Let me ask you this in turn: How much of the market can you grasp? Huang Su quickly explained: I am engaged in virtual trading. Only less than 10% of the market belongs to me and I can understand it. More than 90% of the market is something that I dare not covet or have the ability to grasp. I have to be willing to give up. of.
When you learn technical analysis and have market analysis and judgment standards that you can understand and grasp, just like if you want to buy a pleasant item, you will choose it among all kinds of products. It’s also like young men and women choosing a mate. Although there are only men and women in the world, when you have your own criteria for choosing a mate, you may be the only one who meets the requirements. For our traders engaged in futures, stocks, and foreign exchange transactions, it is already very good and outstanding if we can grasp a certain market trend.
Our traders who learn technical analysis will form their own trading style through gradual accumulation and improvement. The process of learning and practice is to learn and find their own trading trends.
Warm reminder from Foreign Exchange Eyes: Before doing foreign exchange transactions, be sure to review the qualifications and official website information of the foreign exchange platform to prevent being deceived. If you encounter problems with foreign exchange withdrawals or fraud, you should immediately collect evidence and call the police, and at the same time expose and protect your rights.