[Formula for Victory Part 1] Analyze the causes of loss to increase profits (Scalping-to-Trade style)
As a seasoned professional trader, Futa, known for his reliable scalping-style trading, is currently sharing a wide range of knowledge and information useful for market analysis and trading on his own YouTube channel. He unravels the secrets of his success in FX from his experience as an FX trader, from when he first started trading to where he is today.
【Feature】The Equation of an Ascendant Trader’s Victory
〜Completely Revealing How to Escape from the Bottom Tier!〜
Every trader has a beginner period and plenty of losses. Only those who can turn those “loss experiences” into fuel can become winners. This time we asked our magazine’s top trading talents about their journey up to becoming capable traders. Learn from the experiences of consistently successful traders from their “loser” days to their “winner” days, and gain hints to become a winner yourself.
・① Analyze the causes of losses to grow profits (Futa the Scalp Trader) ←This article ends here
・② Repeated analysis to discover a method (Okachan Man)
・③ Reduce trading frequency and lot size for big success (Cat Lover Trader Kousuke)
・④ Master stop-loss to achieve a positive balance (Nobushi)
・⑤ Increase profits even with small gains and losses (Kuranomoto Tomoaki)
・⑥ Lowering the lot size turns everything around! (Crab Trader)
・⑦ A method you can leave to run on its own aligns with Guru Trade’s philosophy (Kawasaki Doruemon)
・⑧ The technique to secure profits is more important than anything (Idattchi-sensei)
※This article is a republished and edited version of an article from FX攻略.com January 2021 issue. Please note that the market information written here may differ from the current market.
Futa the Scalp Trader Profile
Riding the craze for stock day trading to become a full-time trader, he suffered a major loss during the subprime mortgage crisis and temporarily retired. Later, he discovered FX, spent two years trading part-time, and became a full-time trader in his third year.
■ FX Trading Experience
8 years (plus 5 years in stock investing before that)
■ The period of ongoing losses
Until the 1st to 2nd year
■ Current trading style
Scalping and day trading focused on high-probability points
■ Pairs you are good at
Mainly GBP/JPY. Also proficient in USD/JPY, but trading has recently been more restrained
