The market can indeed be described as a laissez-faire pricing mechanism. However, this price mechanism does not operate in a vacuum, and does not work effectively in any social system. The basic premise of the efficient operation of the price mechanism is the implicit assumption of Smith: to recognize individual "lusts" and to clear and protect individual property rights. Clear and guaranteed personal property is the basic premise of market existence. It is necessary to recognize the personal "lusts" and to ensure that individual property rights are supported by the corresponding institutions, which are not in our society. By the third stage, the main way to learn is to practice and understand. It is not only the practice and understanding of trading, but also the practice and understanding of life. You will realize that the market is just a person, you are dealing with the market, in fact is dealing with a person with deep connotation. When you have a new understanding, you will be the original thought fully understand what you have a new understanding, including your original have no way of technical indicators and way to trade, and analysis. Everyone is contributing to the market. Everyone is working hard for their profits. Everyone has something to learn. At this time, your study is mainly to communicate with people, exchange ideas, experience, experience, even personality. Don't limit yourself to trading and market study. Learn and improve by learning how to get along with people and get along with others. This is the learning of roots. Through this kind of study form atmosphere, calm, objective, face, easy. Atmosphere, calm, objective and face, easy to deal the importance of needless to speak, this style does not come in through the technical behavior can achieve and implementation, nor by increasing your ability to forecast analysis and money management can achieve. Before 2004, I didn't care about the fundamentals, and I didn't think the fundamentals were useful. However, in 2005, I found myself wrong, not in the fundamental way, but in the fact that I didn't use it at all. In 2005, several large transactions were conducted through basic analysis, which was far better than pure technical analysis. Fundamentals can analyze the market, and it is concluded that the approach of interval, and the technical method can be used to test the operation is correct, technical signals can be used to control transaction risk and trading right. The right level of trading can determine the size of your transaction. For me this is really a very meaningful development. And the fundamental reunderstanding comes not from books, but from communication with enterprises, communication with people, and essentially communication with society. The importance of gasoline was not recognized in the 19th century, when it was used in a great deal of kerosene. The oil refining then relied on simple distillation processes to separate the different components of the oil from the boiling point. The boiling point of the kerosene component is higher, and the use of safety when lighting lamps becomes the main product of crude oil refining, while gasoline and other components are often burned as fuel. By the mid - to late 19th century, the successful use of gasoline engines in 1886, in 1886, the gasoline engine was successfully used as a driving force, thus the importance of gasoline increased. But using distillation, only 20% of the gasoline can be extracted from crude oil. In 1911, the standard oil company have solved the problem of low gasoline yield, by William burton and Robert hamm forest thermal cracking process of the invention, the heavy quality heating gas oil cracking of light gasoline fractions, such as to overall improve the gasoline yield, thermal cracking process in 1913 won the patent license in the United States. The subsequent catalytic cracking process has further improved the gasoline yield and octane value. He said he believes "this is really a long-term trend in pushing for continued use of memory and storage."