Writer:Momoko Mama
She may look like an ordinary housewife who enjoys childrearing... Yet my mind is overflowing with a “cells named investment,” and no one around me would notice.
Blog:Thoroughly exposing the secrets to increasing a housewife’s assets.

In a previous column, when I wrote that I might actually be a man, readers from the blog sent me surprisingly shocking messages like, “I thought so too!”

This is bad... Well, but... it doesn’t matter! So I’ll continue writing the column as usual today. Thank you for your cooperation.

Firstprevious point ①was

• Trade using longer timeframes such as 1-hour to weekly charts

• And analyze which direction each timeframe is facing or whether it is ranging

For traders like me who juggle housework and childrearing or those who work, shorter timeframe scalping methods may not be as effective astrading using mid- to long-term timeframes with more time spent on analysisto steer results toward a better direction. That is what I wrote.

Preparation Part 2: Check Economic Indicators and Stock Prices

Now, the next preparation.

Preparation before trading step ② is very basic, but missing it can cause big trouble.

Suppress the urge to dive into the market quickly and first check “Economic indicators” and “Stock prices, etc.”.

This is basic to anyone who has started getting a bit used to trading, but in the early days I often overlooked things like “economic indicators and key official remarks,” which led to unexpected losses—multiple times. I have written about this on my blog as a fundamental beginner mistake.

“Why didn’t I check for presidential remarks? I should have known!” I would reproach myself.

By the way, I never enter right after major announcements like the highly popular“employment statistics” or “FOMC”is released.

Although important events cause the market to move strongly, after the move is over you don’t need to chase it. If you wait and check the candles an hour later when things settle, you can often enter and achieve higher gains more stably.It’s important to remember: even when market sentiment is turbulent, you must remain calm and not be swayed.

“Even if market psychology is volatile, you must not lose your temper and stay calm.”

If you let the market move you, you’ve already lost. It’s better to be a trader who can say,“I’m the one moving the market, ha ha!”—a trader with steady nerves will win.

Only this about real-time charts!

One site I always display on my monitor is“ch225”, which provides various real-time charts for free.

For someone who has just started FX trading, there are so many things that it can be hard to know what to look at and how to interpret.

First, don’t overcomplicate it:

• Check whether the Nikkei index and futures price, the Dow Jones, and crude oil prices are up or down from the previous day

• And roughly how much they are up or down

To check.

All of these reasonings exist because there is a reason behind every price move, and there is no single correct answer for all questions.

This is because if everyone answered every question correctly, no one would lose in trading. People have doubts and various viewpoints, so charts move up and down.

“There are people there,” so charts never move straight in a single direction.

Reasoning begins with“Think for yourself”.

In other words, it’s okay if your reasoning is wrong.

Look at why it’s being bought or sold now, examine price and various charts of currencies and stocks, andtry to reason for everything.

Suppose you have formed your own view at this point. Yet there will be someone somewhere who has the complete opposite view.

Those who can read that flow are known as “market sages,” but you might at first think,“Reading such invisible forces is too hard!!”

”That force is always told by the candlesticks.”In other words, candlesticks are the absolute king among technical charts.

Never fight the candlesticks. In other words, reading the candlesticks will inevitably lead to victory.

I will write more about the king of the market, “Candlestick-sama,” later.