Why does it have to be FX — what I wanted to think about before looking for a method

When I was doing FX, I kept thinking about “how can I win.”

Which method is good?

Which timeframe is good?

Where should I enter?

How should I cut losses?

What should I improve to become stable?

However, after I stopped trading FX, I started to feel that there were questions I should have asked earlier.

“In the first place, why FX at all?”

That’s the question.

I didn’t like FX itself

Looking back,

I didn’t particularly love the currency market itself.

I wasn’t trying to study the world economy.

I didn’t want to make chart-reading my lifelong job.

The goal was simpler than that.

I wanted to make money.

If possible, I wanted to generate income without being tied to a location or time, by my own efforts.

FX looked attractive as a method for that.

FX looked very rational

There are aspects of FX that look appealing.

You can do it with a computer.

You don’t need large facilities.

You don’t need to hire people.

You don’t need to manufacture products.

You don’t need to find customers.

You observe the market and

decide to buy or sell.

If your judgment is correct, you profit.

It seems very simple.

That’s why I spent time on

“how to win in FX.”

But,

“why choose FX as a way to earn money”

I didn’t compare that much.

If the goal is money, you should have compared the methods

If the goal were

“to master FX,”

the reasons to continue FX would be obvious.

But my goal was,

to earn money

.

Then in principle,

before comparing FX methods with each other,

perhaps I should have compared the methods of earning money itself

.

Beyond FX,

work for a company.

learn specialized skills.

help someone with their work.

write texts.

create products or services.

do business.

There are many ways.

Of course, none of them are easy.

It isn’t that “you’ll succeed if you quit FX and get a job.”

There’s a possibility of failure with other paths as well.

However, I think there was room for comparison.

“FX can be done by one person” was appealing

One reason I was drawn to FX was

the ability to complete everything on my own

.

You don’t need to look for clients.

You don’t need to market to people.

You don’t need to bow to anyone.

In the market, you can test your own judgments.

That was quite appealing.

But later I realized that

there’s a downside to that appeal.

When you work with people,

you may develop the ability to explain things.

you may develop the ability to understand others’ needs.

you may gain experience collaborating with others.

you may build trust and relationships.

FX makes it easy to avoid those hassles.

But at the same time,

you may be avoiding some of what you could gain from work

.

There’s a cost to the no-hassle method

If you dislike dealing with clients,

the option of earning without clients looks attractive.

If you dislike a company,

an autopilot method looks appealing.

But,

if you choose a path simply because you want to avoid disliked things,

you may end up not knowing whether you truly want that path.

For myself,

FX wasn’t so much that I loved it,

as it was a way to escape another kind of distress

.

“Before how to win, ask why you’re doing it”

Back then,

I compared methods quite a lot.

Is this approach better?

Is that approach better?

Scalping?

Day trading?

Under different conditions?

But now, first you should compare

before the methods.

“Where will you spend that time?”

.

Why FX?

Will you spend that time on it anyway?

If you didn’t win, would you still find meaning in that time?

If you had that question first,

the way you use five years might have been different.

What remains when things don’t go well

Now, when I spend time on something,

I consider not only the possibility of success but also

what remains if I fail

.

Skills stay with you.

Experience stays with you.

Connections with people stay with you.

What you made stays with you.

Achievements stay with you.

Of course, nothing you do guarantees that something will stay.

But

“even if things don’t go well, is there something you can carry forward?”

is a good criterion for where to invest your time.

I’m not trying to negate FX

Here,

I’m not saying, “There’s no meaning in doing FX.”

Some people love the market itself.

Some enjoy analyzing it.

Some trade with a full understanding of the risks and enjoyment of trading.

I don’t intend to say to those people,

“there’s no reason to do it.”

What I’m considering is,

FX itself isn’t what I love, but I’m searching for a way to win for many years simply to earn money

.

At such times, I think it’s okay to flip the order once.

Not “how to win in FX,”

but

“why am I trying to earn with FX”

to consider.

If you know the purpose,

FX ceases to be the only option.

Think about your time before the methods

For five years,

I kept asking,

“Which method will win?”

If I knew then what I know now, before that I would ask

“Do I want to devote my time to this method?”

What would I gain if it works?

What remains if it doesn’t work?

And then

whether what I really want can only be obtained through FX.

“Why FX?”

It’s okay if you can’t answer.

But

before you start looking for a method, just think about it once.

Even that can change how you spend your time.