In trading and investment, there are many temptations. If we cannot resist these temptations, they will bring endless troubles to our investment career. So, what are the temptations that need to be resisted?

Resist the "temptation of information"

In the era of information explosion, all kinds of information is everywhere, and it is difficult to distinguish between true and false. If you don't have your own trading rules and only invest based on information, you will surely fail.

Resist the "temptation of opportunities"

There are many trading varieties in the market, and there are many investment opportunities every day, from industrial products to agricultural products, from domestic to foreign, too many, but our energy and funds are limited. Using limited resources to deal with unlimited opportunities will definitely make us tired.

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Therefore, this requires us to carefully select varieties suitable for our own operating style and capital scale for analysis and operation, and to invest with a focused attitude of "weak water three thousand, only take a ladle".

Resist the "temptation of heavy position"

We often see the word "full position operation". In fact, fund management is a profound knowledge. The root of heavy position is people's greed, but the result of greed is often very miserable.

Buddhist teachings, to cultivate first to eliminate is the "greed, anger, and ignorance" three poisons, and greed is the first on the list! Practical experience shows that when the utilization rate of funds reaches 30%, it is the most appropriate for margin trading. Although the level of investors' technical skills can adjust this ratio appropriately, a 30% utilization rate is the basic principle of fund management.Resist the "Volatility Opportunity Temptation" in Focused Varieties

Every variety has numerous volatility opportunities in each trading day. It is impossible for us to seize all the volatility opportunities, so we must learn to let go, cultivate our patience, and only engage in market conditions that conform to our trading system, earning only the profits we deserve.

Resist the "Temptation of Indicators"

On any analysis software, there are a variety of indicators. Many new investors are confused by these indicators and find it difficult to extricate themselves.

Resist the "Temptation to Continue Profiting"

When your position has already made a substantial profit, and your trading system issues a signal to close the position and take profits, you must resist the "temptation to continue profiting" and close the position in a timely manner to secure your gains. It is important to correctly recognize that the difficulty of winning in market competition is far greater than in other industries. Due to human flaws and insufficient understanding of competitive patterns, the vast majority of people are destined to become sacrifices.

So, where exactly is the path to success?

The methods of successful people vary, and only by exploring their mental journeys can we discover the key to their victory.

The currency market is a competition of human nature. Those who can survive in the currency market for a long time are undoubtedly strong. The true strength of the masters lies in their minds. The common characteristic of all masters is that they can establish their unique core competitiveness at the level of mentality (similar to a lasting mental state) and continuously gain a competitive advantage in the market. In other words, masters all have their own "blade of the heart."Extracting the common qualities from them, we will find:

1. They all have an optimistic and positive mindset to face difficulties. This belongs to the level of outlook on life and worldview.

2. They are all people with firm beliefs and do not follow blindly.

3. They study diligently, are brave in practice, and like to face challenges.

4. They are good at learning from their own and others' experiences, starting with themselves.

5. They are calm, patient, and tenacious.

6. They have a macro perspective and foresight.

7. They are very aware of their own shortcomings and have effective control methods.

8. They love the currency market and are willing to dedicate themselves to their career.

In summary, in currency trading, if we can resist various temptations, maintain our own style, wait patiently for opportunities, and patiently adhere to our trading discipline, this will greatly improve our chances of profit!