Unlike institutional investors, individual investors in stocks and FX are said to be fools, but I will explain this. Japanese traders are known to have a large population worldwide. However, most of these Japanese traders are said to be suckers. Why exactly is that? What is the reason?
Are Japanese Forex Traders Ducks?
Nowadays, in the world of FX, Japanese traders are said to be suckers. The trading volume of Japanese traders is the highest in the world, and since Japan is a wealthy country, many people have a lot of financial assets. It is said that around 60% of the world’s traders are Japanese, but why are Japanese people treated as inferiors? There are several reasons for this, which I will explain below. Japanese people not only have FX, but also content services provided by securities companies such as NISA, Nikkei Stock Average, stock investment, investment trusts, etc., which are popular and loved by everyone. Which should I buy next? There are many people who are thinking about it.
Trade without forex knowledge
Most Japanese traders invest without knowledge of investment. Forex is also an investment, but in foreign countries study of investment is solid. However, in Japan, studying investment is not a class. Therefore, it is said that it is a standard to get into the world of investment somehow and take money. Therefore, it is treated like a duck by foreigners.
However, in the United States and England, investment education is given from childhood. For this reason, Japanese people already have a big difference from foreigners when they are children. It will be a tough battle for Japanese people because there will be a big difference depending on whether they have investment education or not.
automated trading scam
Japan is a country where investment fraud is very common. Among them, automatic trading fraud is overwhelmingly common in FX. Most of the time, people are fooled by words such as You will definitely win'' orThere is a guarantee” and end up purchasing expensive automatic trading, resulting in even bigger losses. In the first place, automatic trading systems are designed to always lose regardless of the price, so the next thing is to do what the scammer wants. If you can’t make your own decisions, all your assets will be lost. Learn financial knowledge before investing. That’s the way to grow.
Impact of affiliate sites
In Japan, FX sites created by affiliates are often accessed because they rank high in searches, but the creators of these sites have no experience in trading, so they only list vague information. There are many hopeless sites that recommend automatic trading as mentioned above. Beginners who are completely fooled end up making a mess of trades and incurring huge losses. The key to buying and selling is to learn how to do it yourself. Books about money have been published in the past in back issues, so let’s read them on the app.
i love contrarian
For some reason, many Japanese traders love contrarianism. Being a contrarian is going against the current trend, so it’s basically a battle where the unrealized losses are large, so it’s mentally quite tough. Therefore, it is not a recommended strategy. Some people are unable to cut their losses and end up losing the entire amount. There are many cases where people who fail disappear from the market without even thinking about it. You cannot succeed in the business world unless you become a professional investor.
Investment salons and community influence
There are many questionable investment salons and communities in Japan. Many of these sites are run by scammers and only sell expensive information products, making it impossible to acquire trading knowledge. Moreover, there are many cases in which Japanese people who think they have studied the subject enter the market in earnest and end up being defeated. The organizers of these dubious salons are often inexperienced in FX, and they often run salons because they can’t win in the first place. In some cases, they even try to get you into the salon by asking for a favor.
Accepting information from other traders
In Japan, there is a lot of information available to FX traders, and it is a situation of information overload. I often teach traders how to win on Youtube and social media. However, there are many people who become overloaded with information by accepting a lot of information from other traders, and do not know what is correct. Individual experts and institutional investors will invest in something of value without hesitation, even if they have concerns. I do my own research and am not influenced by the opinions and voices of those around me.
obsessed with money
There are many Japanese FX traders who are very attached to money. They completely ignore the risk of losing all their money and raise lots too much, or they just pick up lots and go bankrupt over and over again. It has completely become a nutrient for the market. The reason why you become so obsessed with money when trading FX is that you are focused only on making money. The key to becoming a professional investor and being successful is whether you have the ability to read the market on your own.
XM is recommended
XM was originally known as a FX company with too wide spreads. But this was only recently. Now, an account type called KIWAMI account has appeared. The spread is very narrow, making it very suitable for trading. Therefore, this account type is highly recommended. It is especially recommended for those who trade in pounds, as the spread is extremely narrow. XM is the top company in the world in the ranking of popular FX companies. In the future, more products will be available.
| KIWAMI | Standard | Zero | |
| USDJPY | 0.7pips | 1.6pips | 1.1pips |
| EURUSD | 0.7pips | 1.7pips | 1.1pips |
| GBPUSD | 0.7pips | 2.1pips | 1.2pips |
| AUDUSD | 0.9pips | 1.8pips | 1.4pips |
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