Traders facing the currency market, if they have not yet formed their correct cognition, systematic concepts, and a profit model that has been tested over time, it is very necessary to conduct further research and exploration on these foundational levels. In addition, trading is implemented in operations, and understanding the principles does not necessarily equate to actual execution. Today, let's explore what kind of resistance there is in the process of trading operation execution?

Difficulties in Execution

The importance of execution in the treacherous currency market cannot be overemphasized; it is the most critical link in determining your success or failure. The saying "knowing is easy, doing is hard" is difficult because of the choice between profit and loss, the duel between emotion and reason, the balance between speed and reason, and the gains and losses between the outcome and the process.

Executing systematic trading signals seems easy, but in fact, it is very difficult. When the signal appears, no more than 20% can execute correctly continuously for twenty times, and those who can execute correctly continuously for a hundred times are less than 1%. It is easy for a person to adhere to trading principles for a while, but it is difficult to adhere to principles for a lifetime. When the opportunity for trading comes, traders often think more about the consequences of failure; when losses become an inevitable reality, they think more about how to escape.

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Key Points of Execution

Execution is the key to everything, and the ability to execute can only be obtained from execution, not through thinking. Only by combining knowledge with execution can you possess the ability to integrate knowledge and action, and truly become strong.

The integration of knowledge and action, and the discipline of steel, is the premise of a consistent strategy and the only way to success in speculation. Execution includes the following key points:

1. Speed

The speed of execution requires us to carry out the planned operations in the first place! In market operations, the speed of execution is crucial and is an important factor in determining success or failure. We should not delay the battle for the non-existent perfection, and procrastination is often the most terrible enemy, it is the thief of time.Many people lack a sense of urgency during the execution process, and the outcomes of delays and procrastination are either missed opportunities or increased losses. It can be said that delaying execution is a sign of operational immaturity!

2. Discipline

The discipline of execution is the specific manifestation of whether your execution is standardized and accurate. There is no such thing as a failed strategy, only failed execution; execution is not an ad hoc idea, nor is it a random response. Every step in your market plan is part of the overall deployment strategy and should not be changed arbitrarily on the spot.

Good deployment requires accurate execution, and any planning is just empty talk if the execution is not in place. In the rapidly changing market environment, investors' emotions are highly tense, and their thinking is often influenced by market fluctuations, losing objective judgment of the overall situation. Random judgment and execution are mostly neither rational nor objective.

All your revisions must be planned in advance and executed only when necessary. Any losses caused by violating discipline during the trading process are self-inflicted, and any accidental gains should be the object of our objective hatred. Whether you can have a clear understanding of this is one of the distinctions between amateur and professional traders.

3. Strength

Columbus said, "Whatever has been decided is right!" The strength of execution is manifested as a strong will, a firm and resolute execution of goals and plans! Execution power is a discipline, the foundation of strategy.

A sage once said: Winning in the market is not about intelligence, but about the investor's methods, principles, and attitude. Especially the execution of discipline!

Key Points of Execution

The currency market is a market with great risks. While creating high profits, it inevitably comes with high losses for the counterparty. Strictly enforcing discipline is the only way to avoid significant losses and achieve profits. Technology is the key to seeing the right direction; without a good technical foundation, one cannot accurately judge the market. However, strict execution is ultimately the key to whether technology can be transformed into profits.For an outstanding trader, performance in trading should be about doing what is necessary and refraining from what is not; advancing with the capability to attack, and retreating without being defeated; remaining steadfast like a mountain when it does not conform to one's trading pattern; decisively striking when there is a planned opportunity that meets the pattern conditions! Planned stop-losses or exits must be executed immediately and unconditionally at the first opportunity! It is worth reiterating: strict adherence to stop-losses is the first principle for survival in the currency market, and it is also an ironclad discipline.