Active foreign exchange dealers discuss topics at length with the famous person in question: Trader’s Interview | Guest Tame Tame, Part 2 [Traders Securities Minna no FX, Iguchi Yoshio]
Tametama's Profile
He dropped out of a famous university and has zero social experience. A unique career path from pachinko pro to FX trader. He started FX in 2009, was driven to ruin below 1 million yen, but remarkably rebuilt himself, and by 2012 earned 20 million yen and by 2016 over 100 million yen in profit.
Profile of Yoshio Iguchi
Iguchi, Yoshio. Trader Securities Market Department, Dealing Section. Certified Technical Analyst. He has been employed in financial institutions since 1998, mainly involved in covering dealing operations in the commodities market centered on precious metals and oil products. He has been with Minna no FX since 2009, conducting dealing operations focusing on USD/JPY and major European currencies. He is proficient in Forex analysis from fundamentals, and is reputed for short-term predictions using technicals. Recently, he has appeared at Minna no FX's free online seminars, with easy-to-understand lectures receiving favorable feedback. Furthermore, on Twitter, professional dealers share real opinions about the market, so it's a must-check.
Twitter：https://twitter.com/yoshi_igu
※This article is a reprint/reedit of an article from FX攻略.com July 2019 issue. The market information written in the main text may differ from current market conditions, so please note.
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Asked about living as a billionaire trader!
IguchiI think readers would also like to know, what kind of life does a person who earns billions from trading lead? Please tell us about weekdays and how you spend your holidays.
TametamOn weekdays, I wake around 8:30, trade until around 10 when the market value is settled. Then I have lunch with my wife, sit back at the computer again before 3 PM, and trade until the evening. When the kids come home, I cook, bathe them, and put them to bed, then around 9 PM I sit at the computer again and trade until about 3 AM. Then I sleep at 4, wake at 8:30. This repeats endlessly. Chronic sleep deprivation is awful (laughs). On holidays, I sleep more than on weekdays and spend time with my family from noon onward.
IguchiI thought you were glued to charts all the time, but that was surprising. You keep up with trades while taking care of your family.
TametamI wish I could spend even more time with my family.
IguchiIn such a lifestyle, you place large lots in trades and you’ve tweeted about quite a few losses. How big was last year’s maximum drawdown?
TametamLast year it was around 70 million yen...
IguchiWow! That’s a huge amount. By the way, was that on a single order?
TametamNo, not a single order; it was the total after adding positions. In a single order, it would be around 20–30 million yen several times.
IguchiAfter a loss of tens of millions, do you have the mental stamina to trade again?
TametamWhen I do, I do, but some FX firms cap the number of lots you can trade in a day, so if I can’t trade, I go cry in bed (laughs). Iguchi, what would you do?
IguchiI’d drink and pass out. After a big loss, I don’t have the energy to take positions again. However, we operate as a dealing team, and it’s the company’s loss, so the conditions are different from those of a full-time trader. Being able to manage that mental state alone is truly amazing.
