【No.4 Motty】“Side hustle” investors 10 people’s path to success ~ From verification to practice, built on EMA theory to become winning traders

Table of Contents

1. Basic Data
2. How to Spend a Day
3. The Decision to Choose FX: Low Barrier in Terms of Funds
4. Reaching a Simple Scalping Method Through Independent Verification
5. Gaining Realizations as the First Step to Success
6. Advice for Those Aiming for Success in Side-Business FX

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※This article is a republished/edited version of an article from FX攻略.com October 2018 issue

Basic Data

■ Trading Style

Scalping and day trading, with a primary focus on scalping

■ Chart Analysis Environment

MT4 (FX Trade Financial), TradingView

■ Used Technicals

Exponential Moving Average (EMA), Stochastics, horizontal lines, trend lines, Fibonacci retracement

■ Trading Points

Identify major trends on daily and 4-hour charts, and grasp short-term flow on the 1-hour chart

How to Spend a Day

• On weekdays, open charts around 8 PM after work to understand the daily to 4-hour direction and resistance zones. Enter when there is a trend and volatility
• On holidays, read and run to relieve stress. Also, strive to acquire knowledge

Motty-san Profile

A part-time trader with 6 years of FX experience. While working as a Web designer at a company that runs an investment education school, he captures the essence of the market and hones daily trading skills by riding the trend with a classic approach.

Official Site:FX Blog that Turns Market into an ATM
twitter:https://twitter.com/motty_gaytrader

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The Decision to Choose FX: Low Barrier in Terms of Funds

Motty says he became interested in FX after watching a TV program. The main reason for choosing FX as a side business is that you can start with a small amount of capital.

“At the time I didn’t see a future as a full-time employee, and I was considering whether to make money with reselling or affiliate marketing. Honestly, it felt like a hassle, so I hesitated to dive in. Then I saw a university graduate student on TV making tens of thousands of yen easily with FX, and I thought, ‘This is it!’ There are stocks too, but you need to study a lot and need substantial funds, so I chose FX that can start with a small amount. Of course, my initial results were terrible.”