江恩期货教程160160中英文对照版

江恩期货教程160160中英文对照版内容摘要：

nt of money can get a market education and start with a small capital and make a success provided they follow the rules after they learn them. 写这本新规则教程是在 1954 年 5 月正是我快过 76 岁生日时候，金钱对我已无丝毫意义。 我的收入远大于日常消费。 因此写本书的目的是将我在期货交易市场上 52 年的好的经验给予那些在需要更多知识和帮助的人们。 假如认真学习了本书的规则后，大家可以开一个小的资金帐户在市场上开始交易并会让你赚钱。 My experience has proved that it is more profitable to trade in modities than stocks and you can make larger profits on the same amount of capital with smaller risk. When you trade in modities you are trading in the necessities of prices obey the law of supply and demand and follow a seasonal trend most of the time. 我的经验证明，商品期货比股票市场能让你更能赢利，因 为你用同样的资金和更小的风险能博取更大的利润。 商品期货交易与你平时生活中的交易无多大的区别。 商品价格大多数时间服从和跟随季节性的供需规律和状况。 When you learn the rules and follow them you eliminate trading on Hope, Fear,and Guesswork which is nothing but gamble and you cannot afford to risk your money gambling. You must follow mathematical rules which I have proved to be realistic guide in trading. You must prove to yourself that the rules have always worked in the past and they will work in the future. When you have the proof follow the rules and you will make speculation a profitable profession. 当您学会规则并且遵循这些规则交易时，你必须抛弃你对市场的一厢情愿和恐惧，因为你的赌博和你的臆测将会给你的资金造成极大的风险。 您必须遵循我给出的已经被当前市场证明的数学规则。 您必须亲自验证这些规则在市场上过去和未来的运用。 当您已经验证并且遵循规则进行交易，你将会在这投机市场上获得成功。 HOW TO MAKE SPECULATION A PROFITABLE PROFESSION 如何进行有利可图的投机。 Speculation or investment is the best business in the world if you make a business of it. But in order to make a success of it you must study and be prepared and not guess, follow inside information, or depend on hope or fear. If you do you will fail. Your success depends on knowing the right kind of rules and following them. 如果你想做生意，投机或者投资是这个世界上最好的买卖。 但是在操作之前你必须认真学习和作好准备。 任何猜测、跟随内部消息、希望和恐惧都将导致你失败。 你只有通过依靠正确的方法方可成功。 FUNDAMENTAL RULES 基本规则 Keep this well in mind. For modities to show up trend and continue to advance they must make higher bottoms and higher tops. When the trend is down they must make lower tops and lower bottoms and continue on down to lower levels. But remember prices can move in a narrower trading range for weeks or months or even years and not make a new high or a new low. But after a long period of time when modities break into new lows they indicate lower prices and after a long period of time when they advance above old highs or old tops they are in a stronger position and indicate higher prices. This is the reason why you must have a chart long ways back in order to see just what position a modity is in and at what stage it is between extreme high and extreme low. 将这些规则熟记在心。 当市场趋势向上时，其将走出更高的底部和更高的顶部。 反之，将向下走出更低的顶部和底部。 除此之外，价格可能会持续数周、数月甚至数年的区间盘整。 但是当经过长时间的震荡后，价格突破前期低点，将预示着会产生新低，同理，当突破前期历史顶部后，将会创历史新高。 这就是你需要拥有包含所有历史高低点的完整的市场数据图表的原因。 THE KIND OF CHARTS TO KEEP UP 图表的预测功能 Remember the old Chinese proverb “One good picture is worth 10,000 words”.You should make up charts and study the picture of a modity before you make a trade. You should have a weekly high and low chart, a monthly high and low chart and a yearly high and low chart. A yearly high and low chart should run back 5, 10 or 20 years if you can get records that far. Monthly high and low chart should go back for at least 10 years and the weekly high and low should go back for 2 or 3 years. When modities are very active you should have a daily high and low chart. This need not go back more than a few months. Start the daily chart after the modity breaks into great activity. 中国有句谚语：一图抵万言。 因此在你确定交易前应该整理和研究各品种图表。 你平时应该准备好包含有年、月、周高低点的周期图表。 你最好能收集到能记录有过去 5 年、10 年或 20 年的年线和至少 10 年的月线及 2－ 3 年的周线的历史高低点数据图表。 当行情开始变得活跃时，可以不回顾前几个月的数据，这时你需要收集每天的高低点图表。 当行情发生巨大突破后，开始记录每天的图表。 －－－－ 东张西望： 中国有句古话 :一图抵万言 .因此在你确定交易前应该整理和研究各品种图表。 你应该搜集包含有年、月、周高低点的周期图表。 采集年的高低点的时候 ,你应该回顾 5,10,20 年的信息 ,如果你能得到更远的数据 .采集月的高低点 ,你应该回顾至少 10 年的信息 ,而周的高低点你至少采集 2,3 年信息 .当行情活跃，你需要采集每天的高低点图表的时候你需要回顾几个月的信息 .当行情发生巨大突破后，开始记录每天的图表。 年的高低点 :5,10,20 年甚至更远的信息 月的高低点 :10 年的信息 周的高低点 :2~3 年的信息 日的高低点 :几个月的信息 FOLLOW THE MAIN TREND 顺应主要趋势 You will always make money by following the main trend of modities up or down. Remember that modities are never too high to buy as long as the trend is up and they are never too low to sell as long as the trend is down. Never sell short just because the modity is high or because you think it is too high. Never sell out and take profits just because the price is high. Buy and sell according to definite rules and not on hope, fear or guesswork. Never buy a modity just because the modity is low. There is usually a good reason why it is low and it can go lower. 顺序大势操作你会在期货市场中不断获利。 记住：只要趋势向上，不要因为太高而不敢买，相反，只要趋势向下，也不要太低而不敢卖。 绝对不要因为价格太高而做短期卖出或者你认为它已经涨太高了。 不能因为价格太高而先卖出获利。 买卖是依照明确的规则来操作而不是你对市场的期望、恐惧或臆测。 同时也不能因为价格太低而买进。 有充足的理由证明市场为什么会不断创出新低。 RULES FOR BUYING AND SELLING 买卖规则 The first thing to remember before you start to apply any rules is that you must always use a STOPLOSS order to protect your capital. When making a trade remember that you can be wrong or that the market may change its trend and the STOPLOSS order will protect you and limit your loss. A small loss or several small losses can easily be made back with one large profit, but when you let large losses run against you it is hard to make them back. 在接受这些规则前你首先记住必须永远要下 “止损单 ”来保护资金的安全。 因为你可以会在交易中犯错或者市场趋势改变时，所以在交易中要用 “止损单 ”来保护和减小你的损失。 一次大的赢利抵得过一次或者几次小的损失，反之一次大的损失再想打回来时则困难得多了。 2020 年 7 月 21 日 PROVE ALL THINGS AND HOLD FAST TO THAT WHICH IS GOOD The Bible tells us this and it is well worth remembering. Many people believe that it is wrong to buy at new high levels or to sell at new low levels but it is most profitable and you must prove this to yourself because when you do buy at newhigh levels or sell at new low levels you are going with the trend of the m。