Effortless study method

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Series: "The Heart of the Market, The Essence of Trading", Part 31

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When writing a complete manuscript, I tend to delay getting started.

However, if you prepare a file and write just a few lines, it gradually percolates in the back of your mind, and your ideas settle as time passes.

There are powerful effects from taking a quick single step, and I think this technique can be applied to other work as well as to daily life.

The world of finance is surprisingly simple.

Everything is calculated with numbers, so, to put it bluntly, “even a child could do it.”

What varies is the magnitude of price fluctuations in the market.

However, because numerical conventions are detailed, you could say that “knowledge and methods vary greatly by field.”

I have long experience in the stock world, but even for the same stock, for example, there is little knowledge about initial public offerings.

Even if I understand the basic mechanics of options trading, when it comes to creating concrete strategies, I’m at a loss for a breakthrough.

I still remember the bond yield calculation that appeared on the Foreign Exchange Specialist Examination, but information about the current state of the bond market is scant.

From these points, two practical theses emerge.

1. It is necessary to study

2. But, it’s enough to focus on a narrow area

We have stated that financial markets are simple.

As long as you have funds ready, anyone can join quickly.

(Only procedures such as opening an account are required)

It’s like a ski resort that lends you everything from gear to the board.

Because of this convenience, many people practice without studying.

But with just a little study,

you gain confidence,

your reasons for taking action become clear,

and you can actually stand out ahead of others,

I would assert.

In my latest book, “How a Top-notch Dealer Battles,”Tobata Shōto (likely read as Nobuhito Tabata) explains why he simplifies the process of reflecting on losing trades as follows.

“I’m lazy too, but many people are equally lazy (laughs). That’s why I believe there are moves in the financial markets, and although the FX market is more rational than stocks, there are always moments when price movement accelerates.”

In the world of finance and in trading competition, there are also cases where “a single quick action yields a huge payoff.”

Develop a habit of investigating even small questions with ease!