Crab Trader's Practical FX Classroom | Lesson 2 Answering the Frequently Asked Questions More and more!
Kanitoreda (Crab Trader) Profile
Crab Trader. On YouTube Live, trading every day to achieve from 3,000,000 yen to 10,000,000 yen. In 2019, also doing daily live commentary with face visible from 22:45. The theme is “So that viewers can win” and “A healthy FX channel.”
Twitter：https://twitter.com/keibakinma
※This article is a reprint/edit of FX攻略.com January 2021 issue. Please note that the market information written in the main text may differ from current market conditions.
This Month's Lecture Content
▶ There is no superiority of timeframes for trading! Use what fits your life
▶ Since you can’t predict up or down, act on expectancy
▶ Start with an amount that won’t cause life to collapse even if you lose
▶ Ensure a single trade loss is only 2% of total funds
▶ Shift your thinking to how not to incur a big loss
This month, let's answer lots of questions and consultations that come in via YouTube, Twitter, etc., in a proactive manner.
【Which timeframe is easiest to win?】
This is a very common question. From 1-minute to weekly charts, many timeframes are used. But the conclusion is, “the same for any timeframe. Those who can win will win; those who can’t will lose.” Even with hourly-chart-focused trading, some win and some lose, so the choice of timeframe itself does not determine victory or defeat.
Therefore, what’s important is selecting a timeframe that fits your life rhythm. If you can watch the chart all the time, you could trade on the 1-minute chart, but if you can only trade during a short part of the day, a longer timeframe may be better. Trade on a timeframe that matches your lifestyle.
