10 Steps to Make the Crab Trader Method FX a Pillar of Your Income | Step 3 How to Become More of a Machine Than a Method

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※This article is a reprint/edit of an article from FX攻略.com, August 2019 issue. Please note that the market information in the body may differ from current market conditions。

There Isn’t Only One Winning Method

When it comes to making a profit in FX, any method is fine. Scalping, day trading, or swing trading all work. This is because there are countless winning methods. It doesn’t matter which indicators you use, as long as it fits you and the expected value slightly exceeds break-even.

More important than the method itself are the non-method aspects. In my experience, in FX, methods are about 20% and everything else is about 80%. The reason you don’t win is often not the method.

In the 80% part, it is extremely important to trade calmly by removing the mental aspect. The always-said “become a machine and enjoy tantanmen (ramen)” approach. If you can’t do this, even if you have a winning idea, emotions can swing you to small profits and large losses, making it impossible to implement as a method. In the style of a famous detective, “What lowers the expected value is always yourself.” What matters is how well you can continue with the method you pre-decided.