Active forex dealers answer anything! Everyone's Q&A [Traders Securities Everyone's FX Iguchi Yoshio]

There is no one to challenge you, and even researching it doesn’t yield a clear answer… If you have such concerns, leave it to this project. Mr. Inoguchi from Treiders Securities will resolve your questions!

Yoshio Inoguchi Profile

Inoguchi, Yoshio. Treiders Securities Market Department, Dealing Section. Certified Technical Analyst. He has been in the financial industry since 1998, mainly involved in covering and dealing in the commodity markets of precious metals and petroleum products. From 2009 he has been with Minna no FX, conducting dealing operations focused on USD/JPY and major European currencies. He is proficient in fundamental-based forex analysis and is also well-regarded for his short-term forecasts using technical analysis. Recently, he appeared in Minna no FX’s free online seminars, where his easy-to-understand lectures have been well received. Additionally, on Twitter he provides real-time opinions about the market as a professional dealer, which is a must-check.

Twitter：https://twitter.com/yoshi_igu

※This article is a reprint/edited version of an article from FX攻略.com January 2019 issue. Please note that the market information written in the main text may differ from the current market conditions.

Q26. How much capital should a beginner start with? (Hokkaido / 40s / Female)

A. For your first trade, 10,000 yen is OK. First, start by learning about FX

Prioritize surviving first!

What typically motivates beginners to start FX is money. The market is full of flashy advertisements like "easy profits!" or "100,000 yen becomes 100 million yen!" and the image of getting rich overnight sticks to FX, but the reality is that FX isn’t that easy. Of course, there are players who earn hundreds of millions, and that is part of the allure of FX. On the other hand, many traders lose their investment funds and are forced to exit. And among those who exit, novices are overwhelmingly represented.

Obviously, it’s a dream for a complete beginner to suddenly seize a large amount of money in FX. Without knowledge and experience, surviving in this world is impossible. Therefore, if you’re trading for the first time, I think a capital of 10,000 yen is enough. First, learn FX, and survive. If you survive properly and acquire knowledge and experience, then the turn to profit will come next.