10 Steps to Make the Crab Trader Method FX a Pillar of Your Income | Step 5 How to Cut What Is Unnecessary

Cani Trader Profile

Cani Trader. On YouTube Live, he shares his trades daily and has progressed from 3,000,000 to 10,000,000 yen. In 2019 as well, every day from 22:45 he does face-to-face live commentary. The themes are “Helping viewers win” and “A healthy FX channel.”

Twitter:https://twitter.com/keibakinma

*This article is a reprint/re-edit of an article from FX攻略.com, October 2019 issue. Please note that the market information written in the main text may differ from the current market.

You increase because you want to win—this is actually the pitfall

Probably all FX traders think, “I want to improve my profit and loss.” This could be when things are going well and you aim higher, or when you are in a slump and want to break out.

In such cases, many people tend to choose to “increase.” For example, increasing lot sizes to earn more per trade, or believing you’ll make more money by trading more, so you increase the number of entries. Or you might think to monitor more currency pairs to increase trading opportunities.

At first glance, these actions may seem reasonable, but they often do not lead to good results.

This is based not only on my own experience but also on conversations with many traders and trends among people who watch my streams.

The idea of increasing because you want to win more is actually a trap in FX and other investments.