FXT Trading: Why is it difficult to make profits through technology? An epiphany is the key

existFXTIn the trading market, many participants experience a cycle of profits and losses, but it is always difficult to achieve stable profits.

Most traders in the market lost money due to substandard technology, but there were also some who had passed the test but were unable to break through in terms of mentality. What they lacked was actually an epiphany.

Once you have crossed the technical hurdle, the biggest enemy of trading is no longer the market, but yourself - your heart, ideas, and behavior.Some people never understand that failure does not come from the market. In fact, they lose to themselves in the market. One's greatest opponent comes from within. Trading is different from other industries. In other professions, human weaknesses may be concealed, but here, everyone must fully reveal their weaknesses.

This also explains why many skilled, even very skilled, traders make the same mistake over and over again. Skilled traders tend to be more greedy, and greed often manifests itself in taking big positions and trading frequently, hoping to get rich overnight. Because they believe in their skills, they don't want to miss any opportunity, and they put their energy and money into one trade, and the result can be imagined.

Human weaknesses in trading are innate and very difficult to overcome completely. In the face of fear, greed, anger, hesitation and desire, the only thing you can control is your heart. Therefore, it is especially valuable to be rational and sober in the market. Trading must keep human weaknesses within a moderate range and insist on independent and rational thinking (which is why trading is so lonely).

Trading is a skill. Technique, mindset and money are the core elements of it. Any skill requires time, energy and financial resources to hone, and trading is no exception. Many people feel that there is always something missing in their trading. In fact, what most skilled traders lack is no longer the technical aspects of judging trends, supporting resistance, money management, etc., but an epiphany.

An epiphany is a sudden insight, which is usually divided into several stages:

The first stage: After many tribulations when confused, enlightenment occurs in an instant; all delusions disappear in an instant.

The second stage: seeing the truth as nature and realizing wisdom.

The third stage: What is no thought? If you see all the dharma and the mind is not attached, it is no thought.

The fourth stage: the former mind is confused by mortals, and the latter mind is wisdom. Some people have been in the master, and they realized it as soon as they heard it, and suddenly saw that the truth was like nature, so they passed this teaching on.

The state of trading is like these levels: when you are confused, you can't find it as if you have experienced a disaster, but you wake up in an instant. Everyone has an epiphany, it's just whether there is enough time and accumulation, and whether the funds can support the moment of epiphany - which is why financial resources are one of the core elements. An epiphany is no intention, you can't pursue it deliberately, and you are more waiting for an opportunity. The more you deliberately ask for it, the more you can't ask for it. This opportunity may vary, be sudden, unique, unstable and emotional, and may come from someone's words, a trivial matter in life, a loss or a profit. After completing the epiphany, you can get rid of the situation of making and losing money and enter the level of stable profit.

Enchantment is mortal, enlightenment is wisdom, and the predecessor of wisdom is also mortal - which is why every steady profiteer has experienced significant losses.

In my opinion, epiphanies are also gradual insights, and every life and trading experience is a preparation for future epiphanies.

Trading on the road and cherish, calmly face losses, save funds, to meet the future epiphany.

I wish every persistent trader the best of luck.

Below is my personal experience in FXT trading:

Way to Profit:

1. Develop a trading plan and adhere to the established plan

2. Correctly understand that the market has digested the information in advance when it is released

3. Find accurate support and resistance

4. Reasonable control of positions

5. Never invest your energy and money in a single transaction

6. Set the number of close positions and positions, and protect yourself with stops

7. Reduce transaction frequency appropriately

Step 8 Don't Buck the Trend

9. Be patient when profits are retraced

10. Caution in bottom fishing