One can park some money as long term investments, but for actively trading it’s better to have limited options.
Has USD/JPY, which was the second most traded currency pair, become nearly died for only several dollar to form a 11 months' turning around bottom by using 3 weeks' few trading?
Isn't USD/JPY's near 1 year's bottom's climbing a delicious earning chance? moreover, usd/jpy has a consolidating support around 103.14. And for your money's safe, please check the chart to find that USD/JPY has already over 15 days rising without a correspond declining. A risk mitigating plan is an elite trader deeds, such as trade with a stop loss order with a limit order.
I prefer to trade with major currency pairs and the reason is tightest spread which comes with higher profit.
One thing I’ve learned in my 5 years as a trader is to play safe and that’s the reason I went with EUR/USD. But lately I’ve started trading in USD/JPY and doing pretty well.
Couldn’t agree more. The low-bid spreads and enticing liquidity is what made me try out this currency pair on the first hand. Also, because the pair is so volatile, as a day trader I get plenty of opportunities to trade well and make profits.
I beg to differ here. The high volatility factor could have been easy for you and that’s good but majorly speaking, this one aspect leads to high price fluctuations. In case traders aren’t careful or stay alert, a winning position or profit can easily become a loss.
today is the sixteenth tiny rising day without a tiny declining, so isn't this a danger risk for long USD/JPY? Since USD/JPY is the second most traded currency pair ever, without a declining during 16 days is rare.
Yen is going to continue to weaken because of the corona havoc. It used to be a safe haven currency but I don’t know any more