What are the most important skills for a foreign exchange trader?

Buy skills?

Sell skills?

It is true that buying skills are a prerequisite for success in trading. Good buying can put you in a good position, advance and retreat, and provide strong psychological support and room for maneuver for the development of other skills. Selling skills are the settlement of buying profits or the truncation of buying losses. This skill is more important than buying skills in specific circumstances. Skillful selling skills can effectively overcome the inherent weaknesses in human nature. It allows foreign exchange traders to boldly expand profits in favorable situations, and retreat to preserve strength in unfavorable situations. The stock saying goes: those who can buy are migrant brothers, and those who can sell are masters. It means that masters can understand human weaknesses better than migrant brothers, and can control some weaknesses in human nature that are difficult to eradicate. However, these two skills are not the most important for foreign exchange traders. The most important skill for traders is to be good at waiting!

In order to illustrate the importance of waiting for the Forex trader, we can review the complete process of the trader: "Wait to buy - buy - wait to sell - sell - wait to buy again". Before you completely exit the market, always go through this process in a loop. In terms of time, buying or selling is a point, waiting is a line, a process. The time spent on buying and selling actions will not accumulate more than 1% in a year, and the rest of the time is in the process of waiting. In this regard, waiting is the most important skill of the Forex trader. As a skill, waiting is not about nothing to do, not hesitating, not being afraid of wolves and tigers and holding back. In a sense, waiting skills are a kind of comprehensive quality. This skill reflects the buying skills and selling skills of foreign exchange traders to a certain extent, and more importantly, it reflects the psychological quality of traders. The stock market is a game between people in the end. The objective advantages and disadvantages of various groups have a greater impact on the game results, but the decisive factor affecting the game results is the psychological quality of various groups! While cultivating buying and selling skills, it is also a different kind of training of waiting skills. It is important to realize! Those who are good at waiting must be good at buying and selling, and those who are good at buying and selling are not necessarily good at waiting. The description of martial arts novels on martial arts masters is generally: to seal the throat when they see blood, to retreat without a single blow. The art of war has a cloud: good attackers move above the nine heavens, and good guardians hide under the nine lands. Although you must not become a so-called master, you must deeply understand this truth! Learn to wait, be good at waiting!

How to develop waiting skills:

Step 1 Improve trading skills

The ultimate goal of waiting is action, and action in the securities market is reflected in buying and selling. The most important way to improve buying and selling skills is to analyze past actual operations in addition to learning operation skills. Identify the shortcomings or defects in the operation, especially the common problems. Find it, solve it, and after such a continuous cycle, the buying and selling skills will reach a higher level. When your trading skills reach a certain level, you should move quickly when buying and selling, and you will be more confident and patient when the time to buy and sell is not up to wait.

2. Objectively understand yourself

People are expensive and self-aware. Although the market opportunities are unlimited, the opportunities that belong to you are limited, and the opportunities you can seize are even less. Everyone has strengths and weaknesses. Only by objectively understanding yourself and subjectively analyzing yourself can you understand your position. Before the opportunity that belongs to you appears, you will wait patiently with a peaceful mind and appreciate the opportunity that belongs to others. The self-aware also understand that there is no "perfect deal", not before, and never will be in the future. They will never regret missing out on buying at a low price, nor will they worry about not maximizing profits.

3. Read more books and read more newspapers

The book has its own Yan Ruyu, and the book has its own golden house. Professional books can improve one's theoretical cultivation,Greek AlliancePhilosophy books can improve their ability to distinguish between people and objects, novels and prose can cultivate their spiritual sentiments, and current affairs news can expand their horizons.

Step 4 Show interest

We all have our own hobbies, some like to play cards and chess, some like music and dancing, and some are willing to call friends to drink and chat. Whenever this time, we feel comfortable. According to psychologists, what people ultimately pursue is not money but happiness. Stock trading is laborious, and traders' nerves are in a high state of stress. In the long run, it will not only be bad for their health, but also cause harm to their physical and mental health. In turn, it will have a negative impact on future trading, so there is no happiness to speak of. Don't lose your past interests and hobbies, and cultivate new ones. It is beneficial and harmless to better participate in the market in the future. The so-called Zhang Chi is good and relaxed.