Don't go all out to win a little with FX. As a side job within a side job, participate a little and leave.
Introduction: It’s better not to go all-in on FX
When researching FX, you often encounter similar phrases.
“If you treat it as a game, you’ll lose.”
“You should think of it as a job.”
“If you don’t study seriously, you won’t win.”
“You should look at charts every day.”
“Don’t give up easily.”
In a normal job, these aren’t so strange.
Gain experience. Hone your skills. Persistence over time. If you do that, you’ll be capable of more than before.
But I think that getting too serious about FX itself can be dangerous.
You have to earn a living.
You have to make a profit every month.
You have to win to quit your company.
If that happens, choosing not to trade today becomes difficult.
You participate even when the market is hard to read.
If you lose, you want to recover.
If you win, you want more.
The more you feel you must win, the harder it is to stay away from the market.
This article starts with the conclusion.
Do not make FX your job.
Do not try to earn living expenses from FX.
Do not aim to win every month.
Do not create a state where you must win.
I think FX should be “a side thing within a side thing.”
Make a living from your main job or business.
If needed, have a side hustle you can rely on instead of relying on the market.
Beyond that, FX exists.
Even if FX profits are zero this month, nothing changes.
I think that level is fine.
What does “winning a little” mean?
Reading this title,
“How do you win just a little?”
some people might wonder.
That question is reasonable.
Simply saying “let’s win a little without greed” doesn’t answer anything.
When I say “win a little,” it doesn’t mean taking only small profits every time.
Nor is it just a mindset of being satisfied with small gains.
What I’m thinking is,
to reduce the amount of time you participate
to the extent that you can manage.
If you’ve traded FX for a while,
you might have had a day with a profit.
a week where things went well.
a couple of weeks where your account balance increased.
I think some people have experienced periods like that.
Of course, not everyone experiences such periods.
Also, just winning for a week doesn’t prove you have sustainable edge.
Maybe it was just luck.
Maybe the market conditions happened to suit you at that time.
Still, it’s worth reflecting on.
During the profitable period, what were you doing?
Did you trade frequently?
What time of day did you watch?
Did you avoid forcing yourself into unfamiliar situations?
After profits, did you try to push it further?
“A period of profit remaining” is not the same as “keeping winning forever.”
When I say “win a little,” I mean knowing the conditions under which you performed relatively well and not forcing yourself into the market at times outside of those conditions.
Don’t chase wins. Know that you can win
To be a bit dramatic, I think
“Don’t chase wins. Know you can win.”
This does not mean,
“Believe you will absolutely win.”
Quite the opposite.
If you want to win today because you want 5,000 yen, don’t chase it.
If you need 30,000 yen this month, don’t chase it.
Don’t impose your plans on the market.
Instead, if you have a history of times when you performed relatively well, know what those conditions are,
and wait for similar conditions to come.
If they don’t come, don’t trade.
Is FX really about creating opportunities, or about waiting for opportunities?
That’s how I think about it.
If you try to win every month, you’ll lose your patience
For example,
you set a goal of earning 50,000 yen per month from FX.
As the month nears its end, your profit is 42,000 yen.
Just 8,000 yen left.
Suddenly that 8,000 yen becomes a temptation.
Even in cases where you would normally pass,
you think, “just a little more, so I’ll take the trade.”
If you set a daily target of 2,500 yen,
today you might have zero.
so tomorrow 5,000 yen.
That line of thinking is possible.
But the market doesn’t care about month-ends or paydays.
It doesn’t know you want another 8,000 yen.
So I think it’s better to have behavior-based goals rather than profit targets.
If you don’t know, don’t trade.
If you’re sleepy, don’t trade.
Don’t chase losses.
Don’t suddenly increase the amount.
Close after a small win.
This can be managed by yourself.
Create margins by having margin to spare, not by trading FX to create margin
What you need before FX is margin, not a method.
Money margin.
Time margin.
Emotional margin.
Don’t use money needed for living costs, taxes, or loans.
Keep it within a range where you can sleep soundly even if you lose.
Don’t sacrifice sleep for FX.
Don’t watch charts repeatedly at work.
Don’t reduce time with your family.
If something bad happened at work.
If you lost in the previous trade.
If someone is winning big on SNS.
In such times, non-market emotions tend to creep into trading.
If you don’t have margin, first fix your生活,
work.
income.
expenses.
debt.
sleep.
time off.
I think this comes before FX study.
Don’t try to create margin with FX.
If you have margin, you may trade FX, but don’t reverse the order.
FX should be “a side hustle within a side hustle”
Do not make FX your job.
Then is it okay as a side job?
I still think it’s a bit too close for comfort.
The word “side job” tends to carry the image of
30,000 yen per month.
50,000 yen per month.
A stable income separate from your main job.
This makes it feel like you must win every month again.
So I think
FX should be “a side hustle within a side hustle.”
Not the core of your life.
Not the main income source.
Not something you can’t live without.
Profit is nice to have.
If there’s no profit, nothing changes.
It should be in that range.
To wait, you need a life you can wait without.
A Little Win Means Only Going for a Little
When this article talks about “a little win,”
it does not mean earning only small profits.
It also means not aiming to take everything.
It means not trying to take too much.
Don’t try to take all of the market.
Don’t participate every day.
Don’t try to win every month.
Only look at scenes that are easy to understand for you.
If a small profit appears, go home.
Wait for the next opportunity.
What’s needed is not a universal method.
It’s the ability to wait and the ability to end.
That is the conclusion of this article.
This is not about a secret method.
This is not about earning a fixed monthly amount.
On the contrary.
Do not depend your life on FX.
Do not create a state where you must win.
Wait until conditions that are comparatively easy for you to handle come.
If they don’t come, don’t do it.
Participate a little, then return.
So, concretely, how do you create distance from FX?
Why does making FX the center of work or a side business create a “unable to wait” state?
From your past, how do you find periods when you were able to perform relatively well?
And after you win, how do you exit?
From here, we will think about each one step by step.