The shortcut I believe to win [Fudou Shutaro]

FX is a zero-sum game, where there are people who make profits as well as those who incur losses. So where lies the difference between successful traders and failing traders? From Shuntarou Fudou, we will learn about the characteristics of people who succeed and those who fail that I have encountered so far.

There are several common traits among people who end up failing

Including myself when I was a beginner in FX, many people who fail to consistently profit in currency investments start FX without adequate preparation. In FX, the quality and order of study and effort matter more than the quantity.

There are also many cases where people fail because they do not cut losses, or because the loss per position is large, and the currency moves in an unfavorable direction, amplifying losses. As a result, those who fail eventually run out of funds in their FX accounts and deplete their personal finances, forcing them to stop FX trading.

People who fail often have vague trading rules and rely on gut feelings, trading in the moment based on a sense of price. If you use many technical indicators without solid technical knowledge, each becomes half-hearted and you cannot win steadily.

Additionally, what is common among those who fail is that they believe there is an easy, reliable method to win in FX — a guaranteed winning method — and chase it. When they profit with one particular method, they tend to think they can keep winning forever with just that method. Therefore, when the forex market changes sharply, such as with sudden yen appreciation, they lose.

In FX, you must adjust your trading rules in line with market trends in order to keep winning. Yet those who fail do not understand the cause of their losses even when they lose, so they continue to lose as they are.