【FX】Foreign traders' techniques are in-trend trading; Japanese traders' techniques are contrarian trading

As has long been said,

Japanese are often called gullible by foreigners

That comes from the difference between Japanese short-term strategies and foreigners' long-term strategies

The timeframe needed for profits in FX is first different

Foreigners require a 1-hour timeframe, but

Since Japanese prefer scalping, they need 1-minute or 5-minute timeframes

I want to compare with past markets,

but the market viewed on a 1-hour chart is completely different from that viewed on 1- or 5-minute charts

Short-term strategies have more trading opportunities, but are more prone to being swept up in noise

In other words, even the trading methods themselves tend to result in more losses

If you switch to a mid-term timeframe,

the number of opportunities decreases, but so do the occurrences of losses

I want you to consider

What traders actually want? We must think about it

It is profits and capital growth

If that’s the case, focusing only on scalping isn’t a particularly wise strategy

Though the market is events that happen in an instant, it moves throughout weekdays

Therefore there is no need to cling to short-term timeframes

But that does not mean there is a need to adopt the long-term timeframes like foreigners

However, trading only on short-term timeframes, as explained, has many disadvantages

If you want to make a living from trading or want to grow your capital

The most realistic style is from mid-term timeframes, combining scalping to day trading

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