What I saw: people who succeed, people who fail; the ones who can continue are the ones who succeed [Kate Kasumi]

Kaede Kasumi Profile

Forex journalist. After studying at a university in California, USA, and working in Vanuatu, Bahrain, and London, she returned to Japan. She worked in sales to financial corporations for Japanese and Asian stocks at a foreign securities firm, and in marketing for financial corporations in alternative investments at a UK-based investment advisory company. After retirement, she shifted from stocks to FX-related activities, writing for exchange-rate information sites and money magazines, appearing on radio programs, and serving as a lecturer at seminars. Her books include “Foreign Currency Investment Techniques to Multiply Your Money by 10” (Forest Publishing) and “FX: The 5 Investors Who Start Now and Share the Rules of Victory” (Subaruya).

Avoiding Large Losses Leads to Success

A long time ago, I interviewed five FX investors and compiled them into a single book. They were ordinary people (not full-time investors) who started with the casual belief that “FX looks like it could be profitable,” but faced painful experiences, which then motivated them to take it seriously and establish their own investment rules.

Generally, FX success is thought to mean making profits through trading and becoming incredibly rich, but I don’t think many people achieve this kind of success. Neither I nor the five investors I met are those kinds of successful people in that sense.

However, even if one isn’t a “successful person” yet, I believe a “prospective successful person” is someone who can continue trading without suffering large losses. If you keep going, you may start off poorly but will improve over time, gain experience, and that will translate into better trading results.