What I saw: People who succeed and people who fail [Nobushi]

If you are a participant in the foreign exchange market, you would want to succeed in trading. However, the path is rugged, and many traders exit the market halfway through their dream. Here, Nobushi, who is both a trader and a dentist, will tell us what differences there are between people who succeed in FX and those who fail, based on what he has observed so far.

*This article is a reprint and revision of an article from FX攻略.com December 2019 issue. Please note that the market information described in the body may differ from current market conditions.

Nobushi Profile

Dentist and trader, with 10 years of trading experience. He has been involved in trading since high school. His main methods are trend-following day trading and swing trading. In 2018, he developed his own original indicator. The theme of life is travel × investment, and he is currently looking to recruit trading partners.

Twitter：https://twitter.com/nobushi_fx/media

“Success” and “Failure” in FX Markets

When discussing this topic under the current title, it is essential to define in advance what constitutes success and what constitutes failure. What counts as success for me may be very different from what counts as success for you, so for this discussion, we will define those who have managed to trade in the FX market for many years—people who have survived as “long-term traders”—as successes, and those who have been forced out or continually forced out as failures.

What is important here is to put aside how much profit you have made for the time being. This is because the amount of profit depends on the initial investment, and profits earned in a short period are not a reliable reference, making it too uncertain to use as the standard of success.