An active forex dealer answers anything! Everyone's Q&A [Trader's Securities Minna no FX Iguchi Yoshio]
There is no one to challenge you, and even researching doesn’t help much... If you have such worries, leave it to this project. Mr. Iguchi from Treaders Securities will solve your questions!
*This article is a reprint and edit of an article from FX攻略.com June 2018 issue. Please note that the market information written in the text differs from the current market.
Profile of Mr. Yoshio Iguchi
Iguchi, Yoshio. Treaders Securities Market Department, Dealing Section. Certified Technical Analyst. He has been engaged with financial institutions since 1998, mainly involved in cover dealing for commodity markets centered on precious metals and petroleum products. Since 2009, he has been with Minna no FX, conducting dealing activities focusing on USD/JPY and major European currencies. He is proficient in forex analysis from a fundamental perspective, and is also known for his ability to make short-term forecasts using technicals. More recently, he has appeared in Minna no FX’s free online seminars, where his easy-to-understand lectures have been well received. Additionally, on Twitter, pro-dealers share real-time opinions about the market, so be sure to check it out.
Twitter：https://twitter.com/yoshi_igu
Q19. What do currency dealers who face the market daily pay attention to in terms of mental control? What kind of training have you undergone so far? (Saitama Prefecture / male in his 20s)
A. It varies by person, but the essential parts are the same. This time I will answer about the mental aspects that are essential for traders.
Most importantly, gain experience
In short, the antidote to mental control is “experience.” If you aim for the shortest path to mental strengthening, the answer is to relentlessly repeat trading. I have not undergone special training to strengthen my mental fortitude as a currency dealer, but this frequency of trading makes an enormous difference. By repeatedly trading and confirming that there is an edge in your own trades, you can develop a strong mental state.
Nevertheless, it is difficult for ordinary traders to execute as many trades as a currency dealer or professional trader. Therefore, I recommend individual investors to “reduce position sizes” and to “keep a trading diary.”
