FX Life♪ Let's get started | Episode 1 Guest Tomomi Torii-san
This is a long interview project with a female trader active in the FX industry. She shares how she first encountered FX, her failures, what sparked her success, and how she has integrated FX into her lifestyle. There are plenty of tips for growth and independence as a trader, so I especially want women who are considering FX to read it. The first guest is Manami Torii.
Table of Contents
1. Buy more every time prices get cheaper, like a housewife buying vegetables
2. Learn mostly from FX books, also refer to stock books
3. Aim to build a long-lasting trading method
4. Want to spread a life that isn’t swayed by FX
5. First, learn the basics of candlesticks
● Word count: 4949 characters (including headings)
● Images: 0
※This article is a re-edited version of FX攻略.com’s July 2016 issue
Manami Torii’s Profile
Pure Edge President and CEO. She began FX seeking a stable income source while raising children, and her unique investing style has been featured in foreign media such as the United States, Korea, and Hong Kong. She is the author of the series “How I Make 1 Million Yen a Month with FX” (4 volumes in total, Diamond). Translated and released in Korea and Taiwan. The latest book is “Even Busy Moms Can Earn: How I Make 1 Million Yen a Month with FX” (Diamond).
■ Manami Torii’s Blog —Manami Torii’s FX Life
Every time the price becomes cheaper, bought more, like a housewife
Editorial Department: What got you started with FX?
ToriiMy child was in kindergarten, finished by noon, so I would pick them up in the early afternoon. So I was looking for a side business I could do while managing housework and child-raising at home. I tried many things, but nothing worked. Then a friend who trades FX told me, “It’s easy money, try it.”
According to that friend, “If you sell yen and buy foreign currencies like US dollars or pounds, the interest is amazing.” At that time swaps were much higher than now, so I was taught that as long as I held on, it would be fine even if I had unrealized losses.
Editorial Department: Had that person already achieved good results?
ToriiNot long after starting FX, they seemed to have earned several tens of millions, but in the end they lost about 200 million yen.
Editorial Department: What…?
ToriiTheir method was not to cut losses. I took that to heart as well. I started in February 2006, and as you can see on the weekly chart, it was the timing where the market was rising after a pullback.
Editorial Department: You started at a good time, didn’t you?
ToriiYes. And because it looked like I could win, I put all my savings of 6 million yen into an FX account. It grew to 10.7 million yen in just over three months, and I thought my life was secured. (laughs) But looking back now, I didn’t know charts or anything; I was just long when prices came down, like a housewife buying discount vegetables.
Editorial Department: Approximately how much leverage did you use at the time?
ToriiI didn’t really understand that area at all. During Golden Week, a symmetrical triangle broke downward, and unrealized losses skyrocketed. It wouldn’t come back, something felt different from before, what should I do? When I checked in the evening, unrealized losses were already 500,000 yen higher than in the morning. I became terrified and started cutting losses little by little, ending up with more than 5,000,000 yen in losses.
Editorial Department: That’s a large-scale loss…
