Crab Trader's Practical FX Classroom | Lesson 1: Instead of judging each trade as win or loss, judge the trades as a whole

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Crab Trader. He achieves growth from 3 million yen to 10 million yen while publishing trades daily on YouTube Live. In 2019 as well, he has live commentary with face visible every day from 22:45. The broadcasts are themed around “So that viewers can win” and “A healthy FX channel.”

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※This article is a reprint and edit of an article from FX攻略.com December 2020 issue. Please note that the market information written in the main text may differ from the current market.

This Month's Lecture Content

▶ There is no such thing as a trade that absolutely guarantees a win, and chasing one carries the risk of admitting defeat

▶ There are far more market situations that you don’t understand than those you do understand

▶ If you are trading too frequently, you may be emotionally driven

▶ Instead of increasing winning trades, aim to reduce losing trades

Do Not Seek Certainty in FX

Although this is a new series, we will continue to explain the important awareness and mindset in trading.

This month’s theme is, if anything, statistics in trading. FX trading results should be judged not individually, but by the totals of the group.

To do that, it is important not to chase “absolutely guaranteed wins.” It’s not wrong to pursue safety, security, and certainty in work and life. However, in FX there is no method that guarantees profit every time. Even professionals have losing trades mixed in.

Therefore, if you strongly desire to win every time, you may fail to accept changing circumstances and fail to execute proper stop losses. As long as your overall money increases while you win and lose, there is no problem.

It may sound harsh, but it’s strange to think you can win all the time, and you should not believe you must win all the time.