1/28★Sometimes I borrow the power of ChatGPT, installment 8
FX Automated Trading, the EA developerReiwa’s Double-E.
This series has been written with the goal of posting every day since last year.
We’ve probably continued for almost a full year!
If you read what I’ve written so far,
I’m confident you’ll come closer to better EA operation.
And since I’d like to take a short break,
I’d like to continue posting with the help of ChatGPT.
From time to time I will post irregularly as in past posts.
It’s not enough to just study FX – the key is applying knowledge
Today I’ll talk about something very important for succeeding in FX, asset management, and business.
That is, “studying alone does not guarantee success.”
Of course, acquiring knowledge through study is important, but that alone is not enough.
How you apply that knowledge, and whether it becomes wisdom, is the key to success.
Education doesn’t determine success – applying knowledge matters
For example, people with junior high, high school, or university backgrounds have achieved great success in business at their respective levels.
What’s the difference?
It’s whether they turned the knowledge they learned into practical use and lived by it in practice—that is, whether they turned it into “wisdom.”
I graduated from one of the well-known private universities (MARCH) and can understand fairly difficult topics.
However, in the world there are many people who use a lot of difficult words
yet still “don’t know what they’re really trying to say.”
They are satisfied with using difficult words and do not connect that knowledge to actual actions.
No matter how much you study, this won’t lead to success.
Turn knowledge into wisdom – the same applies to FX
The same can be said in the world of FX and automated trading (EA).
Simply stuffing yourself with FX knowledge won’t let you win consistently.
What’s important is how you apply the knowledge to actual trades and bring it down to a level you can use.
This is what it means to “turn knowledge into wisdom.”
If you can’t apply knowledge to practice, it becomes mere “knowledge saturation,” hindering growth.
For example, the legendary hedge fund LTCM, which gathered many Nobel laureates in economics, collapsed.
Its knowledge level was probably very high, but not being able to reflect it correctly in practice was one cause.
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 to actual trades and gain wisdom from experience.
From this, you can see that “gaining FX knowledge is not the goal.”
The reason you don’t win is the “caged mindset”
There’s a common misconception that FX requires someone to be very smart to win, but this is completely false.
One reason you don’t win is that you’re often constrained by a self-imposed, “caged mindset.”
In other words, you’re bound by fixed ideas like “I can’t win in FX because I have no academic background.”
However, what’s truly needed is how you apply the knowledge you’ve gained.
The key to success is developing what you can do, not your academic background or intelligence.
Find your strengths and build on them to see success in FX.
FX is a field where anyone can gain wealth
FX is a world accessible without licenses or special academic qualifications.
In other words, anyone has a chance to gain wealth.
The important thing is how you apply the knowledge after obtaining it, and how you keep building on it.
It’s not just “study” but having the mindset to “apply to practice,” which 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 only when you apply knowledge.
Studying to gain knowledge is important, but how you use it is most crucial.
Academic background and intelligence are not prerequisites for success.
The key to success is how you apply the knowledge you’ve gained and turn it into wisdom.
Everyone, please adopt this mindset shift and aim for better asset management and FX trading!
Turn knowledge into wisdom and act on it, and the success in FX will be in your hands.
That’s all for now!
【Reiwa’s Double-E EA Listing】
https://www.gogojungle.co.jp/users/112481/products
I’ve categorized the Reiwa’s Double-E EAs by genre
https://www.gogojungle.co.jp/finance/navi/articles/67162
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【Reiwa’s Double-E 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’s Double-E Beliefs】
