Okachanman-style FX Trading Recommendation | Episode 5: Mental Control
The highly skilled full-time trader Oka-chan-man, who enjoys overwhelming support from readers, is still not well known to many. Here, we re-edit his past popular articles and add his new comments and recent developments. The structure is designed to give a clearer picture of who he is, so please take a look before the e-book release.
*This article is a reprint and re-edit of FX攻略.com February 2021 issue. The market information written herein differs from current market conditions, so please note that.
Oka-chan-man Profile
Born in Fukuoka Prefecture in 1980. Hobbies: news search and bar-hopping. Special skill: never sleeping. Began FX in 2011 and now lives a comfortable life as a full-time trader. He has a strong intellectual curiosity and possesses extraordinary information gathering and analytical abilities. Recognized by the “Trade Team Inishi” and became a core member of the team. Proficient in swing trading based on fundamental analysis.
Inishie-ryu FX Blog:Fundamentals Trading
Twitter:https://twitter.com/jn6gtz
Why Mental Control is Important in FX
In competitive endeavors, emotions greatly affect outcomes, so top competitors such as athletes, shogi players, and mahjong players train their minds in addition to honing technical skills. FX and investing are also forms of competition where mental state can significantly influence results. Therefore, mental training or at least mental control is important.
This time, I would like to share what mental states people tend to fall into and how to cope with them, including what I personally do. First, I will categorize how mental state affects trading into three phases: before taking a position, while holding, and after closing a trade.