What I saw: people who succeed in FX vs. people who fail [Takami Muraimachi]

FX is a zero-sum game, sustained by the fact that some people gain profits while others incur losses. Then where exactly lies the difference between successful traders and those who fail? Ms. Takayo Murai, who runs a trading school, shares characteristics she has encountered among those who succeed and those who fail.

*This article is a reprint/edited version of an article from FX攻略.com June 2018 issue. Please note that the market information written in the main text may differ from the current market.

Profile of Takayo Murai

Murai, Takayoshi. Chairman of the General Incorporated Association Japan Traders Coaching Association, CEO of Excellent Horse, and principal of Super Trading School REED. A pioneer of "NLP Trading," teaching modeling methods of top traders worldwide based on NLP psychology, and an active system trader. A coach specializing in traders and a guide to investment methods, active nationwide. Currently, he develops coaches who provide high-level skills to Japanese individual investors and engages in writing, lectures, and seminars. Certified Technical Analyst (CMTA) by the Japan Technical Analysts Association, and Master Practitioner certified by the American NLP Association.

A Dependency on Others Won’t Bring FX Mastery

I have been running a trading school for 11 years and have met many investors. A few years ago, I traveled abroad to publish and spoke with U.S. traders such as Larry Williams, an investor living in the Virgin Islands, and Scott Ramsey, a commodity trading advisor (CTA). After speaking with so many traders, the differences between those who succeed and those who do not became quite clear.

First, when individual investors start trading or learn at a school, it isn’t an exaggeration to say that whether you can profit from trading depends on your mindset or attitude.