Mr. Blackjack also agrees [Takeuchi Musashi (FX攻略.com Editorial Department)]

FX is something you improve at the more you master

It’s been a while since it became established, but you know those ultra-cheap haircut shops like 1,000-yen cuts? Those shops aren’t necessarily cheap equals bad.

The time for a cut is about 10 minutes, so the turnover is extremely high. As a result, the number of people you cut in a day increases, and apparently your skills improve rapidly. It's interesting, isn’t it?

A similar case exists in medicine. Though this is based on the manga “Black Jack ni Yoroshiku,” there’s also a depiction that doctors who perform more operations per year have more skill and experience.

The more trials you have, the better you become, and actually the same can be said for FX.

So, handle the market with many short charts

There is no identical market in the currency market, but there are many similar developments in the past. Therefore, whether you analyze charts or study fundamentals, the difference in experience is said to be quite large.

Especially in situations like sharp crashes or surges where the market moves rapidly, rule-of-thumb strategies can lead to profits or help avoid losses.

In other words, facing various market developments is important, and increasing efficiency comes from shortening the time frame.

We have interviewed many traders, and regarding chart movement, the opinion was that whether long or short, the part about price movement is fundamentally the same.

If that’s the case, to practice chart analysis and technical trading, shortening the time scale to hourly or 5-minute charts will make candlestick updates faster and allow you to encounter various events.

Acquire trading skills that are usable anytime, not secret information

I believe FX is ultimately a game of technique.

There is not nothing in stock picking as a factor to emphasize, but making money by getting information earlier than others is not guaranteed. There is also no “currency pair discovery.”

winners use trading techniques that make profits easier on popular pairs like USD/JPY or EUR/USD, which everyone around the world trades, to grow their money overall... I think this is the main way to win in FX.

There are trades where you hold a currency pair that is expected to rise dramatically before others, aiming for future gains, but that’s just one of many ways to win.

If you’re not making profits in FX, it’s likely due to a lack of technique or failure to consistently execute the learned techniques.

At least it’s not because secret information isn’t coming your way.

※This article has been revised and edited from the FX攻略.com editorial letter published for 富士山マガジンサービス readers only.

■ FX攻略.com Official Site
http://fx-koryaku.com/

■ FX攻略.com Official Twitter
https://twitter.com/fx_koryaku_com

■ FX攻略.com Official Facebook
https://www.facebook.com/fxkoryaku/

Musashi Shikanuchi (Musashi Shikanuchi, Shimamura)

President and CEO of TCL Co., Ltd. Since FX攻略.com’s inception in 2008, he has been on the editorial staff and involved in running both the magazine and the official site. In addition to interviews and article writing, he also trades FX as a trader daily. His favorite technical is Heikin Ashi, and his favorite method is breakout.

Official site:TCL Co., Ltd.