The first iron law is "to go with the flow". In the currency circle, do not go against the trend, otherwise you will be mercilessly crushed by the market. Only by following the trend of the market can you earn profits steadily. 💎 The second iron law is "strict risk control". No matter how excellent your trading strategy is, without strict risk control, a huge loss could wipe you out. Therefore, we must set stop-loss points to avoid emotional trading. 💎 The third iron law is "only trade within the pattern". Everyone has their own trading pattern, and only by trading within the familiar pattern can the possibility of making mistakes be reduced. Do not blindly follow the trend, nor easily try new trading methods unless you have fully understood them. The last iron law is "persist in compounding". The compounding effect is one of the most powerful forces in the stock market. Only by persisting in long-term investment can your funds achieve exponential growth. Do not be greedy for temporary profits and forget the magical power of compounding. 💎 These four iron laws of trading, although seemingly simple, contain profound investment wisdom. If you want to achieve stable profits in the currency circle, you must keep these four iron laws in mind and constantly apply and improve them in practice. -
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The first iron law is "to go with the flow". In the currency circle, do not go against the trend, otherwise you will be mercilessly crushed by the market. Only by following the trend of the market can you earn profits steadily.
💎
The second iron law is "strict risk control". No matter how excellent your trading strategy is, without strict risk control, a huge loss could wipe you out. Therefore, we must set stop-loss points to avoid emotional trading.
💎
The third iron law is "only trade within the pattern". Everyone has their own trading pattern, and only by trading within the familiar pattern can the possibility of making mistakes be reduced. Do not blindly follow the trend, nor easily try new trading methods unless you have fully understood them. The last iron law is "persist in compounding". The compounding effect is one of the most powerful forces in the stock market. Only by persisting in long-term investment can your funds achieve exponential growth. Do not be greedy for temporary profits and forget the magical power of compounding.
💎
These four iron laws of trading, although seemingly simple, contain profound investment wisdom. If you want to achieve stable profits in the currency circle, you must keep these four iron laws in mind and constantly apply and improve them in practice.
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