People who are suited for FX, people who are not suited for FX [Forex Demon]
Every year there are reports of cases where company funds are privately diverted or other people's money is defrauded and poured into FX trading, resulting in large losses that come to light. In 2014, a former employee of Itochu Corporation was arrested for fabricating fake invoices at a related company where he was seconded, embezzling 600 million yen. It is said that all the embezzled funds were used for FX trading, and almost nothing remained after losing most of it.
Even if only a tiny minority commit such acts, there is in us a tendency to potentially suffer huge losses in FX. For example, even though we understand in our heads that in FX you must cut losses to win, in reality our resolve may be weak and we may be unable to take losses, which can be a fatal flaw. In this article, I would like to express my views on who FX trading is not suited for, and what kinds of personalities bring victory in FX.
Table of Contents
1. There are tips to improve at trading
2. How far you can grow to love FX is the key
3. Just wanting to make money has its limits
4. What constitutes a good trader
5. Traders are hunters aiming for prey in the market
6. The genius of effort in the baseball world, thus speaks
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※ This article is a revised version of an article from FX攻略.com February 2015 issue
