The biggest difficulty of foreign exchange is that every related factor is equally important and there are many key factors. Some factors are beyond your control, but in a few interest circles, some factors require you to spend considerable time and energy to see the results.
In order to make it easier for everyone to understand, I divide the factors that can affect the profit and loss of foreign exchange transactions into external and internal parts.
External factors include: platform qualification, regulatory license, capital flow, capital security, trading environment, transaction cost and profit space.
Internal causes include: technical analysis, fundamental analysis, position management, fund management, trading strategy, risk control, profit-loss ratio and trading mentality.
As we all know, the foreign exchange industry is the largest financial market in the world, and everyone knows it more or less. But in addition to the characteristics of those markets, it also has the characteristics of long industrial chain, many fields involved and asymmetric information. The external factors mentioned just now refer to some factors that traders should know but cannot learn to master, while the internal factors refer to what a trader must master.