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Profile of Professor Iida-chi

Former instructor at a cram school. Loves hot springs and holds a certified hot spring sommelier qualification; a professional FX trader. He has cultivated many excellent traders using the method called “Closing Price Trade” and his online study sessions attract participants from all over the country, from the elderly to the younger generations. The chart analysis method that emphasizes the “closing price” is popular among part-time traders as a trading approach that does not require constant focus on 24-hour markets.

Blog:From 100,000 yen to a major turnaround! FX Trader Iidakchi BLOG

Twitter:https://twitter.com/iidatchi

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

The essence of trading techniques for making a profit

Hello, this is Professor Iida-chi. In the previous issue, I explained the essence I wanted to convey most clearly by unraveling the mystery many people find puzzling: “The market goes up or down 50%, so why do most people not profit?” I wrote that trading requires taking profits while they are profitable, so two elements—directional movement (up or down) and the timing of deciding on a settlement (time frame)—are important.

Most people only pay attention to the direction of movement and ignore the importance of the timing of exits. In short, to earn stably in FX, you must also master exit timing techniques.