Junichi's Scalping Classroom | Episode 5: Why Mentality is Important in FX Part 1 [Junichi FX]

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Junichi FX. AFX scalping trader, FX mental advisor, FX coaching, financial planner, insurance agency, and management consultant active in many fields. Trading with a goal of 1000 pips per month focusing on price action scalping.

Twitter:https://twitter.com/junichi_fx

*This article is a republication and editing of FX攻略.com February 2019 issue. Please note that the market information written in the text may differ from current market conditions.

In the fourth installment, I discussed methods for analyzing and incorporating oneself, which are important when building a scalping style. This time, I would like to write about the most important aspect in FX, the “mentality.”

FX and Mentality

The phrase “the market is decided by mindset” is often heard because it is regarded as very important, but why is mental state that appears to be unrelated to the market so crucial?

Mentality refers to the “spirit” and is often confused with personality, which refers to “temperament/tendencies.” It encompasses mental aspects and is built from genetics, upbringing, and past experiences, forming an individual characteristic—essentially, one’s “personality.”

In this article, I will explain the meaningful role of mentality in FX, how it affects trading, and what to focus on in order to clarify and overcome your own mental challenges, drawing from my experience and examples.