Some people have actually won in FX asset management, while others have lost, and some even think their life is over. When you search for FX, keywords like “Don’t do it” and “My life is over” often come up. For this reason, it is true that many people are afraid of FX itself, but in fact there are measures you can take.
Characteristics of people who ended their lives in FX
People who are likely to lose their lives in FX tend to have the following characteristics. Conversely, it is also easy to avoid your life ending by avoiding these risks. If you know how to do FX, it is impossible for your life to end. The basic rule is to make a profit while keeping the leverage low so that you don’t fail in the market. If you set a high leverage and incur a large loss, you will lose your assets. There are many sites where you can learn for free, so if you are going to start now, you will need to set up rules, etc. If you have any questions, you need to study in order to avoid problems in your operations. Let’s improve our performance.
Instigated by an influencer
In many cases, people who are tempted by influencers such as SNS and Youtube and spend a large amount of money for the first time in Forex without thinking about it all disappear. This is a pattern of being truly influenced by others, but many influencers are doing communication activities as a business. Therefore, there are many people who are deceived by saying that they can easily win even forex that they cannot win immediately.
big money investment
To begin with, FX is not something that beginners can start and win at right away. Despite this, it is common for people to use up all their savings in FX and end up losing everything. These people have a strong tendency to gamble. To begin with, FX is not something that you can win at right away. Most people spend several years before they can finally win, so it’s not that easy. To make a living working in the foreign exchange industry, it is important to make good, well-made trades. The most important thing is to do it quietly without getting into debt. It’s important to understand so that you don’t end up in the red.
don’t cut losses
Not cutting losses in FX is a bankruptcy course decision. This is common among beginners, but when there is an unrealized profit, they want to settle immediately, and when they have an unrealized loss, for some reason they try to endure without cutting the loss. This will definitely go bankrupt. When making an entry, it is an iron rule to decide in advance where to enter, where to take profits, and where to cut losses. Also, those who do not cut losses endure and invest additional funds, but this is also a mistake.
put money in next
For example, let’s say you invested 1 million yen in the initial investment and lost it all. Normally, you would reconsider at this point, but if you get angry, you will spend another 1 million yen. Then you lose it and do the same thing again. In the end, you will lose all your savings. If you get emotional, this type of trading will definitely lose all your funds. Currently, even among domestic professionals, he has the strictest fund management. Even with a small amount of funds, you can increase it by making a profit every day. After performing technical analysis many times and making predictions, do it while looking at the currency pair chart.
get in the mood
Beginners tend to get carried away if they suddenly win. So they start to increase the lot size or increase the number of shares. If you do this, you will make a big profit if the market goes well, but if the market goes against you, all your money will disappear immediately. Beginners cannot control their emotions, so they are easily influenced by them. To make money as a foundation, you just need to practice and avoid economic indicators that cause large spreads. As a result, you will be able to win with ease. If you earn more, your income will increase and you will be able to buy the next stock.
ignorant of reality
Many people who end their lives with FX are unaware of the reality of FX. They believe that winners are 100% sure to win, or that they will definitely win. However, the reality is not so sweet. It takes several years to become successful at FX. Until then, it is natural to continue losing. To succeed without big losses, you should do it with surplus funds, and if you are going to manage your assets repeatedly, you should play with low lots. If you work hard at home, your overall funds will increase little by little. Make sure to cut your losses before you are forced to stop trading.
automated trading
Automated trading does not require any technique or experience, but it is a field where most scammers are active. 99.9% of automated trading systems fail. This is because they are low-return and high-risk. Even if your win rate exceeds 99%, the remaining 1% will cost you all your money. Just one trend can be fatal. Discretionary trading is essential in a fluctuating market. It is reassuring to look at the points when you have time, make decisions, and fight. Check the rates of the euro, dollar/yen, etc. at least once a day.
What to do to keep life from ending
Most people who do the above actions will end their lives. There is a high probability that they will lose money. Here are some things you should do to avoid ending your life. At least trade while improving your daily FX buying and selling. Needless to say, you need to be more fluent in reading the flow, and pay attention to lot units and quantities. If you can manage your profits and losses, you will not be able to end your experience in the financial market so easily. Always make the most of your balance and seize the opportunity of a market that continues to rise safely. Find out the cause and gather information. This is how it will change.
small investment
First of all, FX cannot win suddenly. Therefore, you should do it on the assumption that the money you put in will melt. Start with around 30,000 yen or 50,000 yen. If you can really win, this should be 100,000 yen, 1 million yen. Until then, only small investments should be made.
practice for a few years
Forex is not something that beginners can win all of a sudden. So keep practicing for years. This can be a demo trade as well. And let’s have a serious match after becoming a total plus for the year. You should probably win. Annual total plus cannot be achieved by fluke.
do not pick up
Nanpinning is a common practice among people who go bankrupt. Keep your positions to one. At the very least, it is foolish to increase your positions at all until you get used to it. Try not to do it at all. I really don’t recommend any of these techniques. Do it as much as you can 24 hours a day. As you get used to it, you will be able to find the key points and have a fulfilling trade.
emotional control
Forex fills you with euphoria when you win, and despair when you lose. But a truly successful trader is not swayed by emotion. It’s better to just practice until you can control your emotions to some extent. If you can’t control it, even if you win a little bit, you’ll get carried away and lose big, and if you lose a little bit, you’ll be too depressed to trade.
Start with a small investment
As mentioned above, FX can stabilize your life with one method, and you can also end it. We recommend that you start by practicing with a small investment. If you invest a small amount, there is almost no financial burden. XM allows high leverage trading, so you can start trading even with a small amount.
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