The translation (keeping the HTML format and not adding line breaks) is: 10/28 Sometimes I borrow the power of ChatGPT, part 8
FX automated trading, the double-E education of EA developers in Reiwa era.
Sometimes I’ll borrow a little bit of ChatGPT’s power (laughs).
It’s not that I’m running out of material at all,
there are many notes and drafts,
and since整理するのが面倒くさいので丸投げしました(笑)
Studying FX alone won’t guarantee success – applying knowledge is the key
Today’s talk will be a bit tough, but I’d like to discuss something very important for succeeding in asset management and business, including FX.
That is, “studying alone does not lead to success.”
Of course, learning and acquiring knowledge is important, but that alone is not enough.
What matters is how you use the knowledge, and whether it becomes wisdom, which holds the key to success.
Academic background and success are not related – applying knowledge is what matters
For example, people with junior high school, high school, or university educations have achieved great success in business or work from their respective positions.
What is the difference?
It lies in whether they have turned the knowledge they learned into “wisdom” that can be applied in practice and lived in real situations.
I graduated from MARCH (one of the famous private university groups) and can understand somewhat difficult conversations.
However, in the world there are many people who use very difficult words, yet
“in the end, I don’t know what they’re trying to say.”
They are simply satisfied with using difficult words and do not connect that knowledge to actual actions.
If you do that, studying alone will not lead to success.
Turn knowledge into wisdom – the same applies to FX
The same can be said about FX and automated trading (EA).
Merely stuffing FX knowledge won’t keep you winning.
What matters is how you apply what you’ve learned to actual trading and bring it down to a level you can use.
This is precisely “turning knowledge into wisdom.”
If you can’t implement knowledge into practice, it’s just “knowledge saturation,” hindering growth.
For example, the legendary hedge fund LTCM, with top-notch economists and Nobel laureates, went bankrupt.
Their knowledge level was very high, but they failed to reflect it properly in practice.
On the other hand, many people succeed in FX discretionary trading or EA management without formal education or specialized knowledge.
They apply what they’ve learned in actual trading and gain wisdom from experience.
From this also, it’s clear that simply “gaining FX knowledge” is not the goal.
The reason you can’t win lies in “captive mindset”
There’s a common misconception that FX requires being highly intelligent to win, but this is entirely false.
One reason you may fail is that you unconsciously limit yourself with a “captive mindset.”
In other words, you’re bound by fixed ideas like “I can’t win in FX because I don’t have academic background.”
However, what’s truly needed is how you use the knowledge you’ve gained.
It’s not about academic background or being smart, but about developing what you can do.
Find your strengths and build on them, and success in FX will start to become visible.
FX is a place where anyone can gain wealth
FX is a world that anyone can participate in, regardless of qualifications or special education.
In other words, everyone has a chance to gain wealth.
What matters is how you apply the knowledge you’ve gained after learning it, and how you keep building on it.
Not just “studying,” but having the mindset to “put it into practice” will open the path to long-term success.
Don’t be bound by academic background or past experiences; believe in your potential and take action.
Finally – mindset reform is the first step to success
In FX and asset management, there is meaning in applying knowledge.
Studying to gain knowledge is important, but how you use it is the most important part.
Academic background and intelligence are not prerequisites for success.
The key to success is how you apply what you’ve learned and turn it into wisdom through action.
Everyone, keep this mindset shift in mind and aim for better asset management and FX trading!
Turn knowledge into wisdom and take action, and FX success will be in your hands.
That’s all!
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【Reiwa no Daru II EA Listing】
https://www.gogojungle.co.jp/users/112481/products
https://real-trade.tech/accounts/73791?via=users_realtrade
https://www.gogojungle.co.jp/finance/navi/articles/67162
【Reiwa no Daru II Serialized Articles】
https://www.gogojungle.co.jp/finance/navi/series/1700
https://www.gogojungle.co.jp/finance/navi/articles/64703
https://www.gogojungle.co.jp/finance/navi/articles/65978
https://www.gogojungle.co.jp/finance/navi/articles/64738
https://www.gogojungle.co.jp/finance/navi/articles/65619
https://www.gogojungle.co.jp/finance/navi/series/1714
https://www.gogojungle.co.jp/finance/navi/series/1701
https://www.gogojungle.co.jp/finance/navi/articles/64723
https://www.gogojungle.co.jp/finance/navi/articles/65010
https://www.gogojungle.co.jp/finance/navi/series/610
【Reiwa no Daru II’s Beliefs】
