1/30★Sometimes I borrow the power of ChatGPT, part 10 - EA Beginner Course - Navi+ - GogoJungle | Auto Trading - Market Analysis

FX automated trading, the EA developerReiwa's Double-iis here.

This series has been written with the aim of posting every day since last year.

I think I’ve managed to continue for almost a year now!

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.

Occasionally, I will post irregularly as I have done up to now.

Do not trade FX with living expenses! Debt is out of the question!

Today, I will talk about the most basic and important rules when tackling FX and investing.

That rule is: do not trade FX with living expenses.

And, “taking on debt to invest is out of the question.”

Operate with surplus funds

FX can aim for large gains in a short period, but it is a high-risk investment method.

Therefore, in investments including FX, operating with surplus funds is a prerequisite.

Surplus funds refer to money that, after deducting living expenses and daily necessities, would not affect your life even if losses occur.

If you use living expenses or debt to dabble in FX, even if you show temporary profits,

there is a risk that daily life becomes unsustainable if losses occur.

In the worst case, debt could swell and life could collapse.

I understand the urge to earn a lot immediately, but...

The desire to earn a lot of profit right away may be common to many people.

However, in FX and investing overall, making a fortune in a short period is not the goal.

Rather, assuming a long-term operation and steadily increasing assets is the most successful path.

Even if you gain a large profit temporarily, continuing reckless trading risks depleting your funds and getting into an irrecoverable situation.

Take your time, manage risk, and grow your assets slowly—that is the way to succeed in FX.

Long-term risk management

In FX and investing, risk management is the key to success.

Rather than chasing huge gains with big risks, it’s important to plan a strategy to steadily grow your assets.

Minimize risk and steadily accumulate profits, and that will ultimately lead to great results.

Reverse planning for the future – what you can do now

What you can do now is to formulate a plan for future operation.

From a long-term perspective, plan how to grow your assets and how much risk to take, andtrade based on that plan.To do that, the following steps are recommended.Set goalsSet concrete goals for how much assets you want to build in 5 years or 10 years.Understand your risk toleranceKnow how much risk you can take. It is essential to operate within surplus funds and take sensible risks.Operate systematicallyCreate a concrete long-term operating plan to increase assets. Do not trade aimlessly; thoroughly manage risk and progress systematically.Maintain calmTrades are often unsuccessful when driven by emotion. Remain calm and continue steadily for long-term success.SummaryNever use living expenses or debt for FX trading.Do FX and investing with surplus funds, avoid rushing, and maintain long-term operations with strict risk management.Instead of aiming to make a fortune in a short period, aim to steadily grow assets over time and achieve significant long-term results.What you can do now is to plan for the future and conduct operations with proper risk management. With the right mindset and operation plan, work toward long-term, stable asset formation.See you then!━━━━━━━━━━━━━━━【Reiwa's Double-I EA Listing】https://www.gogojungle.co.jp/users/112481/productsSpecifically categorized the EA of Reiwa's Double-I https://www.gogojungle.co.jp/finance/navi/articles/67162━━━━━━━━━━━━━━━【Reiwa's Double-I serialized articles】■ EA Beginner Course https://www.gogojungle.co.jp/finance/navi/series/1700--------------------------------“About the calculation method for EA risk management”https://www.gogojungle.co.jp/finance/navi/articles/64703【Portfolio version】About the calculation method for EA risk management https://www.gogojungle.co.jp/finance/navi/articles/65978Easy tips to spot dishonest materials (in the case of EA)https://www.gogojungle.co.jp/finance/navi/articles/64738Things to check first when you don’t understand something about EA https://www.gogojungle.co.jp/finance/navi/articles/65619--------------------------------■How to find winning EAs from backtesting https://www.gogojungle.co.jp/finance/navi/series/1714--------------------------------■No compromises! GoGoJungle raises issues!https://www.gogojungle.co.jp/finance/navi/series/1701Where is the GoGoJungle inquiry form?https://www.gogojungle.co.jp/finance/navi/articles/64723--------------------------------■Reiwa's Double-I “Push-down buying / pullback selling logic” now released!!https://www.gogojungle.co.jp/finance/navi/articles/65010■Double-I FX ramblings https://www.gogojungle.co.jp/finance/navi/series/610━━━━━━━━━━━━━━━【Reiwa's Double-I's beliefs】Develop EA with proper methods,and continue to be loved by more people,maintain a long-lasting WIN-WIN relationship,aim to energize the EA market and improve literacy.━━━━━━━━━━━━━━━

trade based on that plan.

To do that, the following steps are recommended.

Set goals

Set concrete goals for how much assets you want to build in 5 years or 10 years.

Understand your risk tolerance

Know how much risk you can take. It is essential to operate within surplus funds and take sensible risks.

Operate systematically

Create a concrete long-term operating plan to increase assets. Do not trade aimlessly; thoroughly manage risk and progress systematically.

Maintain calm

Trades are often unsuccessful when driven by emotion. Remain calm and continue steadily for long-term success.

Summary

Never use living expenses or debt for FX trading.

Do FX and investing with surplus funds, avoid rushing, and maintain long-term operations with strict risk management.

Instead of aiming to make a fortune in a short period, aim to steadily grow assets over time and achieve significant long-term results.

What you can do now is to plan for the future and conduct operations with proper risk management. With the right mindset and operation plan, work toward long-term, stable asset formation.

See you then!

━━━━━━━━━━━━━━━【Reiwa's Double-I EA Listing】【Reiwa's Double-I EA Listing】https://www.gogojungle.co.jp/users/112481/productsSpecifically categorized the EA of Reiwa's Double-I https://www.gogojungle.co.jp/finance/navi/articles/67162━━━━━━━━━━━━━━━【Reiwa's Double-I serialized articles】■ EA Beginner Course https://www.gogojungle.co.jp/finance/navi/series/1700--------------------------------“About the calculation method for EA risk management”https://www.gogojungle.co.jp/finance/navi/articles/64703【Portfolio version】About the calculation method for EA risk management https://www.gogojungle.co.jp/finance/navi/articles/65978Easy tips to spot dishonest materials (in the case of EA)https://www.gogojungle.co.jp/finance/navi/articles/64738Things to check first when you don’t understand something about EA https://www.gogojungle.co.jp/finance/navi/articles/65619--------------------------------■How to find winning EAs from backtesting https://www.gogojungle.co.jp/finance/navi/series/1714--------------------------------■No compromises! GoGoJungle raises issues!https://www.gogojungle.co.jp/finance/navi/series/1701Where is the GoGoJungle inquiry form?https://www.gogojungle.co.jp/finance/navi/articles/64723--------------------------------■Reiwa's Double-I “Push-down buying / pullback selling logic” now released!!https://www.gogojungle.co.jp/finance/navi/articles/65010■Double-I FX ramblings https://www.gogojungle.co.jp/finance/navi/series/610━━━━━━━━━━━━━━━【Reiwa's Double-I's beliefs】Develop EA with proper methods,and continue to be loved by more people,maintain a long-lasting WIN-WIN relationship,aim to energize the EA market and improve literacy.━━━━━━━━━━━━━━━