A Revelation for Your Eyes? Understand the essence of the appeal of FX ~ Are you trading by leveraging the advantages of FX? ~ [Dr. Iida Tachii]
Profile of Itacchi-sensei
Former instructor at a preparatory school. Loves hot springs and holds a hot spring sommelier qualification; a professional FX trader. Using a method called “Close-out Trading Method,” he has trained many excellent traders, and his online study sessions attract many participants from all over the country, from the elderly to the younger generation. The chart analysis method that emphasizes the “close” price is popular among part-time traders as a trading approach that does not require concentrating on 24-hour markets.
Blog:The Great Reversal from 100,000 Yen! FX Trader Itacchi BLOG
*This article is a republication/re-edit of an article from FX攻略.com, January 2020 issue. Please note that the market information described herein may differ from current market conditions.
What is trading that leverages FX’s advantages?
Hello, Ittachi-sensei here. In the previous piece, I wrote about the advantages of FX that no one had discussed. Since FX is not a zero-sum game, the number of people who are winning around you does not increase, making it no harder for you to win. There’s no scramble for hidden gems or desirable stocks or properties, so there’s no need to rush to obtain advantageous information. Even if you knew in advance about payroll statistics or economic indicators, the currency market does not necessarily move as expected.
Also, since FX can be bought or sold at your preferred times except on weekends, there is no need to compete with others. Therefore, you don’t need special sense or talent to outperform others; only the effort to acquire a certain level of skill is required.
The foreign exchange market is vast in scale, so the risk of being unable to buy due to others swooping in or major buyers dominating is basically nonexistent. This is arguably FX’s greatest charm, though many people do not realize it.
And this is possible precisely because the market is enormous. Therefore, in minor currencies this advantage does not apply. In minor currencies, buyers may sometimes not appear, leading to occasional accidents.
