Revelations for the eyes? Understanding the essence of FX's appeal — The wise learn from history! A story of how you can win by using the methods that work (Part 1) – [Teacher Iidatchi]

Profile of Professor Aidadotchi

Former instructor at a preparatory school. Loves hot springs and holds a hot-spring sommelier certification; a professional FX trader. He trains many excellent traders using a method called “Close Price Trading Method,” and his online study sessions attract participants from all over the country, from the elderly to the young. The chart analysis method that emphasizes the “close price” is popular among part-time traders as a trading approach that does not require 24-hour market focus.

Blog:The Great Reversal from 100,000 Yen! FX Trader Aidadotchi BLOG

What you can see when you trace back the history of FX trading

Hello, this is Professor Aidadotchi. Previously I wrote about whether trend-following is for beginners. In the first place, there is no concept of “beginner-friendly” in the world of markets; both trend-following and counter-trend trading are equally difficult. It is important to adapt to methods that fit the market rather than methods suited to your own level, and you should choose methods that fit the characteristics of each currency pair. Also, trend-following and counter-trend trading are entry methodologies, and you cannot win consistently if you neglect the methodology of exit, i.e., settlement.

Recently, various FX traders of different characters have emerged, and I enjoy following their insights. Around 2009, when Professor Aidadotchi started FX, information was still scarce, and it was difficult to find books or web pages that explained MT4 chart software. This was because the 2008 Lehman Shock had nearly decimated individual investors, and there were not many actively engaged people.

There are people who have been professional full-time traders since the time Professor Aidadotchi began FX, but the majority of those who were around then have since left. In those days I admired the professional traders who were making big money, but now most of them are unreachable. Why did the first two to three years of trading go well?