If your mental state is not established, please do not read!!

Many people dream of "succeeding in FX" and
attempt FX.
However, reality shows that about 70% withdraw within a year,
according to statistics.

"FX is not easy."
"There is no easy way to profit from FX."

I have heard phrases like these many times,
and I should understand them in my head,
yet many people still jump into the world of FX,
and in the end give up and exit—that is the reality.

Even though people understand it is "difficult,"
the reason they think they can "make money" in FX is
because of the psychology that makes people think
"I am a special person."
"My abilities are at least above average."
This psychological phenomenon is called the Lake Wobegon effect.

"Lake Wobegon" is the name of a fictional town
that appears in stories. Everyone living in this town
thinks of themselves as above-average in beauty,
and above-average in excellence—it's a work of fiction.

For example,
when asked of drivers, "Do you think your driving skills are above average?"
more than 90% say they are above average, and among them, most think
they are in the top 20% in skill.
.

Also, people who have suffered accidents or natural disasters
say, "I never thought I would be a victim."
This is precisely the Lake Wobogon (sic) effect where one thinks
they will be safe.
When applied to FX, people tend to expect that they can make money.

If colleagues or friends say, "I want to make money in FX and quit my job,"
you would think, "it's not that easy,"
"there's no easy path to success."

However, in reality, because you are the one engaging in FX,
it is difficult to judge others.

Everyone has too high expectations. To succeed in FX,
thorough self-denial is important.
In the real world, passion and motivation like "I will succeed!"
and "I will earn money!" are keys to success, but
in the FX world, it is exactly the opposite.

In reality, those who lack confidence often grow their assets more.

This paradox is the difficult part.
Beginners starting FX in earnest should
not harbor excessive expectations.

If you have previously had experiences of not making money,
lower your expectations considerably from now.
If you thought "I want to earn around 1,000,000 yen per month,"
try setting concrete, small goals such as,
"If I can have at least a three-thousand-yen tasty lunch, that's enough."

Focusing on small goals rather than excessive expectations
can actually lead to better results.

【Lake Wobigon Effect Countermeasures】

・Do not have excessive expectations: avoid aiming for huge success or high earnings.
Set realistic goals and progress steadily.

・Lower your ideals: don't cling to lofty ideals or dreams; focus on realistic and achievable goals.
Value small successes and accumulate results step by step toward success.

These approaches are effective measures when addressing the Lake Wobogon (sic) Effect.