Why you can’t win in FX even after learning Elliott Wave and the Law of Gravity (Granville’s Rule)

Among traders there are people with incredibly long trading histories, such as 5-year veterans and 10-year veterans, right?

Ever since I started sharing crowd psychology trading at Gogojan, I’ve been exchanging messages with long-time traders, purchasing materials, and engaging in various interactions.

Among those, I’ve repeatedly emphasized a certain fact:

“Trading knowledge and performance do not correlate.”

This is my personal theory, and I truly believe it to be correct.

Even people with far more FX knowledge than me can earn far from impressive profits in trading, and many have never won over years.

Why is that?

Isn’t that a mystery?????

Trading is heavily influenced by an individual’s mindset.

This is a major reason, but those who trade on demo or with small lots can’t quite grasp this fact...

So today I’ll share a “different reason.”

That reason is Elliott and Grandville (Grandville’s laws).

If you study FX seriously, you’ve surely heard of Elliott waves or Grandville’s laws, right?

So, do you know who they actually were?

Were they amazing traders with 100% winning rates?

In fact, Elliott was an accountant, not a trader.

He fell ill and could no longer work, so in his later years he compiled what became known as the Elliott Wave Theory to make a living via investments (laughs).

And Grandville was a financial journalist for a newspaper company (laughs).

In other words, neither of them earned money from trading; they mainly wrote books and gave lectures about trading, and trading did not sustain their livelihoods.

Elliott Wave Theory and Grandville’s laws are thus “things they put together in a plausible way to make money.”

We Japanese may find it difficult, but suppose your name were Johnson...

If you were driven to publish a book to make a living, a hundred years later it might somehow become popular and be read by traders as the Johnson Wave or Johnson Theory!

In short, what I want to say is this:

Even if you earnestly study these textbook-like rules or acquire similar-sounding knowledge, it won’t necessarily help you win.

You won’t understand the market unless you actually trade on the front lines!

For that reason, I’ve introduced crowd psychology trading.

If you’ve previously studied Elliott Wave or Grandville’s laws with all your might, sell your books on Mercari immediately and learn through crowd psychology trading.

What is important is what the market will teach you.

‘Five Techniques to Dramatically Improve Your Win Rate’:
https://www.gogojungle.co.jp/tools/ebooks/50953

‘Crowd Psychology Trading’:
https://www.gogojungle.co.jp/tools/ebooks/49219