Shocking Realization? Understanding the essence of FX appeal ~ Is trading really a 50% chance of going up or down? (Part 1) ~ [Instructor Iida-tchi]

Profile of Dr. Iida-chi

Former instructor at a preparatory school. Loves hot springs and holds a hot spring sommelier qualification; a professional FX trader. Using the method called "Closing Price Trading Method," he has trained many excellent traders, and in his online study sessions participants from all over the country, from the elderly to the young, learn together. His chart analysis method that emphasizes the closing price has become popular among part-time traders as a trading approach that does not require focusing on the market 24 hours a day.

Blog:The Great Comeback from 100,000 Yen! FX Trader Iida-chi BLOG

Twitter:https://twitter.com/iidatchi

※This article is a reprint/re-edited version of an article from FX攻略.com April 2021 issue. Please note that the market information written in the main text may differ from the current market.

Understand the essence of FX

Hello, Iida-chi-sensei here. In the previous issue, I explained in five installments how to master moving averages with concrete examples.

From this issue, I would like to write about the essence that Iida-chi-sensei most wanted to convey.

① What everyone thinks when starting FX

When Iida-chi-sensei started FX, what he thought was, “FX is just a 50/50 gamble of up or down, so as long as you do a little better, you’ll exceed 50%.” So he concluded that it’s easy to profit. And I think many people think the same about 50% up or down. In reality, very few people point out and educate about this mistaken thinking.