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    Philosophy in foreign exchange speculation

    In the stock market, the philosophy of "liar" is pursued; in the futures market, the philosophy of "robber" is pursued; and inforeign exchange marketOn the top, the philosophy to be pursued is the "villain" philosophy. Everyone acknowledges that the foreign exchange market is a fair market and there are no shady transactions, but whether this is the case, no one can tell, because this is also an invisible market, and no one can explain its true meaning. Although the daily transaction of more than 1 trillion is beyond everyone's control, but is there really no one who can control it? If there is no one to control, how can Soros explain the blocking of the pound? However, one thing we know is that we are indeed retail investors, our funds are a drop in the ocean, and our strength will never affect the market.

    Everyone often says "follow the trend", I think it is a kind of "villain" psychology. In the market, there is often a sideways phenomenon, and at this time, I think it is the most difficult time to enter the market. Why, I can use an example to illustrate: if you see two cows on the top shelf, will you pull them apart? The answer is of course no, because this time is the most dangerous, just give you a cow, it is enough for you to suffer, either death or injury. When can we participate, that is, when the result appears, we are on the winning side and take a share of the pie from it.

    When the market is sideways, it should be when the long and short sides are competing, just like two bulls at this time. The bulls can't last forever, and sooner or later they will win or lose; and the market will not go sideways all the time, and one of the long and short sides will definitely win. When one side wins, it will form a one-sided situation, and then it will be on his side, taking the time to make profits in the market.

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    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.