外汇知识

　　13. Do not collect the opinions of others before entering trades——facts are priceless——opinions are worthless. In short successful traders isolate themselves from the opinions of others.

　　不要在还没进入交易以前就到处征求意见——事实价值无穷、意见一文不值。简单地说，成功的交易者不为别人的意见所左右。

　　14. Continually strive for patience, perseverance, determination, and rational action.

　　不断地为耐心、毅力、决断和理性的行为作努力。

　　15. Never get out of the market just because you have lost patience or get into the market because you are anxious from waiting.

　　决不要因为失去耐心而退出市场，也决不要因为迫不及待而进入市场。

　　16. Avoid getting in or out of the market too often.

　　进出市场不要过于频繁。

　　17. The most profitable trading tool is simply following the trend.

　　最佳的赢利方法就是跟随趋势。

　　18. Never change your position in the market without a good reason. When you make a trade, let it be for some good reason or according to a definite plan; then do not get out without a definite indication of a change in trend.

　　除非有充分的理由，不要改变你在市场里的头寸。每做一手交易时，你都要有可以依据的理由或者明确的计划；此后，除非有明确的趋势改变的迹象，不要退出。

　　19. Losses make the speculator studious——not profits. Take advantage of every loss to improve your knowledge of market action.

　　赔钱不能赢利，但能使投机者细心钻研。抓住每一次赔钱的机会，改进你对市场行为的了解。

　　20. The most difficult task in speculation is not prediction but self－control. Successful trading is difficult and frustrating. You are the most important element in the success equation.

　　在投机里最难的任务不是预测，而是自我控制。成功的交易是艰难和令人烦恼的交易。在成功的等式里，你是最重要的因素。

　　21. The basic substance of price change is human emotion. Panic, fear, greed, insecurity, anxiety, stress, and uncertainty are the primary sources of short－term price change.

　　价格变化的基本要素是人的情感。慌乱、恐惧、贪婪、不安全感、担心、压力和犹豫不定，这些是短期价格变动的主要根源。

　　22. Bullish consensus is typically at its high when the market is at a top. Also there are few bulls at major bottoms.

　　典型地说，当市场在顶部时，异口同声地看多的人最多；在重大的底部时，很少有人持牛市的观点。

　　23. Watch the spreads i.e., don't be bullish if inverses are narrowing.

　　注意多空套做。也就是说，如果逆差在减小，不要看多。

　　24. Remember that a bear market will give up in one month what a bull market has taken 3 months to build.

　　记住，一个月的熊市能让你失去在三个月的牛市中所得到的。