Notes on becoming an unbeatable FX trader and trading methods [Currency Demon]
When you start trading FX with the assumption that you will lose, you are probably not in the minority. It seems that most investors only think about how to profit and engage in FX day and night. Indeed, on the internet there are many FX advertisements that entice investors' gambling instincts, and some of them create fantasies of easy huge profits even for beginners. Therefore, it may not be unreasonable for some FX participants to dream of enormous profits on the order of tens of millions of yen.
However, when you actually start FX, many readers may experience not huge profits but their account funds steadily decreasing. While you can win in a single trade, it is extremely difficult to win consistently over the long term in FX.
So, how can you win consistently in the long run? The answer is not simple, but one thing that can be said without fail is to aim for investments that do not lose. In other words, avoid methods that cause huge losses, accumulate experience, improve little by little, and remain in the foreign exchange market as long as possible.
Striving to win in trades is important, but so is preventing losses. Therefore, in this article I would like to share my views on what to pay attention to and what trading methods to adopt to become a trader who does not lose.
Table of Contents
1. Surviving is more important than winning
2. Analyzing causes of failure is the first step to not losing
3. Edges are essential to not losing
4. What to do if you still incur a huge loss
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※ this article is a revised edition of an article from FX攻略.com, November 2015
