The difference between those who win at FX trading and those who know a lot about FX trading but still lose
It's Kaeru here 🐸
I think there are many people who have been doing FX for a long time but are worried because they just can't seem to win. Speaking for myself, I didn't see any results at all for about 7 years if you count from when I first got interested in FX and started studying it.
(Who is counting my age on their fingers right now? 💦💦💦)
That just goes to show how difficult FX is, but normally, if you continue to gain experience and study, you would expect to become knowledgeable, increase your experience, and eventually become a pro at some point.
Even for a sushi chef, it is said that it takes about 10 years to become a pro, with 3 years for cooking rice, 5 years for seasoning, and a lifetime for mastering the art of nigiri.
But in FX, there is a significant percentage of people who still can't win even after 10 years. And they end up in a state where they have a ton of knowledge and experience, but still can't win.
The reason why this happens is because the driving force behind doing FX is...
I believe it's the difference between wanting to do FX and wanting to perform appropriate trades.
People who just want to do FX are basically in a state no different from playing pachinko or horse racing. It's what you call gambling-style trading.
This is what really causes the trouble.
Go! Go up! Go down!
If you keep doing FX this way, the market really does become like a pachinko game.
And the reason this happens is because in the past, you might have had a big win with a high lot size, had a good experience, and it became a habit.
There is something such people should know.
That is to learn about boring ways to win.
For example, my[FX] Almost no-discretion trading. Completely thoughtless, completely logical FX trading, an FX method that even beginners can feel safe withhas zero excitement.
I think there are quite a few people who would think "that's boring" once they know the method (lol)
Because there's almost nothing to do, so it's tedious.
But this is the point.
Are you being driven by the desire to do FX, or do you want to steadily increase your assets through correct trading?
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That's all for today's article.
I will continue to share useful information about FX and other topics with everyone, ribbit. I would be happy if you could like or follow the article if you'd like. See you tomorrow✋
My website, Kaerun🐸, is now live!
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Kaerun@Practical FX Trader - Making difficult things simple! -
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