A must-read for people who can’t win at FX
A Must-See for People Who Can’t Win at FX
What is common among people who can’t win at FX isnot having a reproducible, powerful methodI believe.
It is often said that “trading is 90% mental.” Of course, strictly following rules and thorough money management are extremely important.
However, many people who can’t follow rules and money management don’t even have solid entry criteria to begin with. As a result, they change their methods or entry conditions every time they lose.
In that case, there is no consistency in either rules or mindset.
I think psychology (mental state) is very important. But the foundation for that isa reproducible method.
Because you have a highly reproducible method, you can confidently repeat the same rules, and your mindset becomes more stable.
Therefore, for people who can’t consistently profit, I believe it is important to first find a highly reproducible method that suits you, before re-evaluating mindsets or rules.
Many people may be thinking, “I can’t find a method that suits me,” or “I want to learn a simple, highly reproducible method, not something too difficult.”
Of course, it’s wonderful to study by trial and error myself or by watching videos.
However, I believe the most efficient way to grow is to learn directly from an experienced mentor, or to use teaching materials that thoroughly summarize verification results.
However, some materials simply summarize existing methods as they are, so when purchasing, it’s essential to carefully assess the content and track record.
If you learn the correct method, conduct sufficient testing, and can adhere to the rules, your mindset will naturally become stable, and you will be able to consistently pursue profits.