12/22★If the loss comes first
FX Auto Trading, the EA developerReiwa’s Double-E.
Whether in discretionary trading or FX automated trading,
taking on too much risk and placing large lots
can yield great profits, but also cause substantial losses.
Well, that’s obvious.
And,
if you can gain profits first, that might be fine, but
you don’t know which comes first—profit or loss.
That could basically be gambling.
If you want to take bigger risks to earn more and want profits to come before losses,
and among customers some say “focusing on the win rate of the EA,”
“a higher win rate increases the likelihood that profits come first,”
and so on, you may think so.
However,
I believe that is not the proper use of an EA.
Just because the win rate is high
and because profits may come first over losses
does not mean short-term trades will profit first.
That would indeed be gambling among gambling.
And additionally,
the question of “what if losses come first?”
is often overlooked,
so I think this method won't last long.
I believe it will eventually get crushed.
Even if you win the first few times,
and, getting a taste for it and repeating the same thing,
and when capital and lots increase,
what will you do when it becomes a loss?
By then it will be “too late,”
you’ll have exhausted risk and your account will go bust.
Rather,
FX automated trading, as the name suggests,
works automatically, which is the appeal, so
even with automatic trading, you should set up risk management in a way that gives a sense of security.
I believe that is the way to keep FX automated trading going long-term.
People dislike that it takes time to grow wealth!
I understand that, and perhaps I feel the same way.
However,
instead of wanting to earn big right away,
you may feel strongly about wanting to learn a lot right now,
and to start operating an EA immediately,
which I think is a powerful mindset.
In particular, with EA operation,
you should immediately study “how to choose an EA” and “how to calculate EA risk management.”
Then you can proceed with a hands-off approach.
This mindset is likely to lead to a higher chance of earning significantly in the near future.
That’s how I think it will shape up.
Well then!
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[List of Reiwa’s Double-E EA Offerings]
https://www.gogojungle.co.jp/users/112481/products
Specifically, categorized EA offerings of Reiwa’s Double-E
https://www.gogojungle.co.jp/finance/navi/articles/67162
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[Reiwa’s Double-E Series 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’s Double-E’s Belief]
