Infiltrating the Traders Community FX Female Section Forbidden to Men (Part 1)

A women-only FX community called “FX Joshibu” that is currently expanding its members nationwide despite being prohibited to men, infiltrated. FX Joshibu shares information unique to women in FX trading, including approaches and mindsets, as well as living concerns and advice. For the next three installments, we bring interviews with members of FX Joshibu, the secret garden,.

Note: This article is a reproduction and edit of an article from FX Recovery.com February 2020 issue. Please be aware that the market information stated in the text may differ from current market conditions.

I want to create an environment where women feel comfortable consulting

Editorial Department: A women-only community may feel intimidating to men. First, could you introduce AkI, the leader of FX Joshibu?

AkiYes. Nice to meet you, I’m Aki. I launched “FX Joshibu” last September, and there are two leaders; I’m one of them. I’m quick on my feet, so I help organize the Joshibu’s offline gatherings in the Kanto and Kansai regions.

Editorial Department: How long have you been trading?

AkiI’m entering my fourth year of trading. For the first two years I traded only USD/JPY. After that I tried GBP/USD, then dabbled in FX for cryptocurrencies, and at the start of this year I flirted with gold too, but I got hit hard in the summer... Recently I’ve returned to my初心 to trade GBP/JPY.

Editorial Department: You seem to have a lively personality, so you probably prefer high volatility, right? (laughs)

AkiYes. When I started, USD/JPY wasn’t very interesting to me. Also, many of my Twitter followers traded pounds, and my mother was also trading with the pound as her main currency.

Editorial Department: You trade together with your mother? By the way, how long has your mother been trading?

AkiI think it’s over 10 years. She’s mainly good at trading during Japanese trading hours and makes steady profits through day trading.

Editorial Department: That’s amazing. Did you learn any trading methods from your mother?

AkiNo, I didn’t refer to my mother’s methods at all (laughs). She doesn’t actively interfere, and we don’t talk much about our methods. We do talk about trading often, but I’m more a swing trader, so the timeframes I watch are different, and I haven’t learned from her directly.

Editorial Department: Your approach to positions is different, then.

AkiMy mother started FX after turning 60, and she learned by self-study from using a computer. So, this year she’ll be 75, and she’s not senile at all (laughs).

Editorial Department: It’s wonderful that youth comes from FX. However, you didn’t learn any methods from your mother, so how did you learn FX on your own?

AkiThere’s an app where you can practice FX trading via a demo. In the app's community, I learned almost all the trading tips.

Editorial Department: So there were skilled traders in the community?

AkiThere were full-time traders who would answer questions in their spare time, and I still have good relations with them.

Editorial Department: What did you learn there?

AkiThere are many things, but one thing that stands out from when I was a beginner was advice to “start by turning 10,000 yen into 20,000 yen.” When I look back, that was incredibly important.

Editorial Department: Indeed, money management.

AkiYes. If I had started with no knowledge, I would have surely lost a large amount of money. Also, being stimulated by people within that community was significant. The reason I wanted to create FX Joshibu came from these experiences.

Editorial Department: How many members does it currently have?

AkiAbout 80. It’s not only FX topics; there are also discussions about women’s issues and concerns, making it feel like a neighborhood chat. I feel we should talk more about trading, but it’s more active in areas like childcare and anti-aging.

Editorial Department: So common concerns and women-focused topics are thriving here.