The key to a stable profit in foreign exchange transactions depends on self-discipline and good control. What is the core of the stable profitability of foreign exchange transactions? It includes the following four points:
1. Control your emotions
Most of the traders who enter into the actual operation are forced by the rights and interests. It is basically impossible for them to deal with the lure of price rise and fall and the win and loss of assets without emotional ups and downs. Trading decisions are often subject to common emotions such as fear, expectation, greed, anger and regret, which make traders lose their sense and discipline, becoming more and more paranoid, nervous, and unable to eat! Investors who can't manage their own emotions will always fall into the desire again and again, ignoring risk or losing sight of opportunity.
A perfect trader should be a sensible and objective management decision-making equipment, who is able to view the market fluctuations and actual operation rationally and objectively, and his/her trading management decisions are seldom jeopardized by emotional ups and downs. Warren Buffett once said，"A successful project investment does not require extraordinary intelligence, unusual business service breakthrough and gossip. What is necessary is a framework filled with wisdom to make project investment decisions without personal emotions." Graham, Warren Buffett's teacher, said the same aphorism，" It is hard for people who can't control their emotions to make profits from project investment!"
2. Control your assets
In actual operations, there are not many investors who can trade in accordance with their own organizational discipline and standards. Understanding of the allocation of funds can only be gained based on your own unforgettable pain and loss, which can not be replaced by criticism of others'.
3. Control your rhythm
Different from getting rich through labor, trading is not something that must be done all the time and it has its own way, perfect skills, standards, and its own organizational discipline. In addition, the entry and exit points of development trend traders are also very important, and you can not enter the market at random. The evaluation and identification of market conditions and the sense of rhythm of controlling market conditions are a comprehensive subject.
4. Control your loss
Traders enter the market for winning and for profit, but this market is not a device for printing money. When the loss becomes the unlucky reality, what should we do? Control your loss! Control the intensity and frequency of it!
When dealing with the damage of transactions, many traders are at sea, or at will, or take chances. After all, several losses or large losses will not only result in the lack of money, more importantly, the lack of confidence, which is the basic psychological state of making profit in market. If you lose this basic, you will only be exploited by the ruthless market! Be sure to set a stop before entering.
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