How to judge whether the foreign exchange transaction can be followed up?
The term "documentary" is very familiar to foreign exchange traders. This is a trading operation that many novices in foreign exchange investment like to do at the beginning of entering the market. Many people say that merchandising is a kind of blind following just like trusting experts. So, can we do documentary trading and who can do it.
I'd like to talk to you about the order before we discuss merchandising. Why are there so many people in the market with orders? If these teachers are really good, why don't they trade for themselves? I believe this is the confusion of many merchandisers. In fact, the reason is very simple, because there is a huge demand for goods in the market, so it is very effective to develop the market by accepting orders. However, because of this, the following problems have arisen: uneven distribution of single band. The main purpose of most order recipients in the market is to promote market development and earn commission income. Therefore, the requirements for teachers are not too strict. Even some platforms only trained beginners for more than 10 days and began to accept orders from teachers. Of course, there are a few trading experts willing to come up with orders. Even so, however, they cannot trade orders at will. After all, the psychology of traders when placing an order is completely different from that of their own trading.
Is this merchandiser good or bad? Many people have changed teachers one by one, but they are still losing money. Why? The general foreign exchange platform has at least dozens of indicators, and there are hundreds of ways to judge market conditions, and even many of them are conflicting. If you listen to every teacher and learn every skill, it may bring obstacles to your learning. Selling directly without thinking is undoubtedly the most unwise way to do business. In addition, because there are many unpredictable risks in the market, many teachers will take good risk control before placing orders to avoid accepting positions. However, many beginners do not have this awareness when trading, so we can often see that many people make profits together with their teachers when they make a single trade, and when the teacher has a small loss, they will hold positions. When making documentaries, we often pay attention to current affairs, so it is easy to ignore teachers' repeated references to life experience. It is human nature to desire quick success and immediate benefits. This is understandable.
For beginners, it is more important to learn the trading experience, risk control and discipline of the order holder, understand why he trades at this time, and clearly analyze the advantages and disadvantages of the order holder's trading system and the risks of the system, rather than blindly following the transaction. When making a documentary, you must combine your own transaction judgment. If a person feels that the order brought by an orderly person fully conforms to his inner signal, he should clearly know that the documentary is not to transfer the responsibility of winning or losing to the orderly person, but to be responsible for his own transaction after his rational judgment.
In the above four aspects, we introduced the possibility of documentary trading in foreign exchange trading from the following four aspects: why so many people take orders, who carry them irregularly, whether they are good or bad, and how to do it well. As you can see, documentary trading is still helpful for foreign exchange novices entering the market for the first time. We can slowly find out the path that is suitable for us from this documentary process, and then break away from the documentary and make our own single!