How to grasp the trend in this market? It is to follow the trend. When the trend comes, the invisible force is pushing you forward. To gain profit and income in the gold and foreign exchange markets, this is particularly important. What is the secret to making profits? The answer is simple and also the most overlooked and precious thing that is free, just like the air we breathe and the sunshine. What is the secret to making money? In fact, it is simple. Throw away all the news and fundamentals, return to rationality, and independently analyze and follow the trend.
Trading is a trial-and-error process! In the continuous occurrence of errors, the main problem faced is the shrinking of funds and psychological torment. A trader must reduce the probability of making mistakes because your profit comes from other people's losses. That is to say, when someone makes a mistake, there will be profits for others to earn in the market. However, you cannot calculate or predict how many people will make mistakes in the next step, how big the mistakes will be, nor can you guarantee that you will always be on the correct side. Therefore, in trading, the only thing you can do is to try to make the time of your mistakes as short as possible. The rest is to wait for others to make mistakes, let's work hard together!
In trading, we may have short-term profit goals, but long-term goals are based on short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve stable and sustained profits.
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