[This Week's Profit Points] Reasons for Only Trading USD/JPY and EUR/USD
There was a small negative move in NY on 3/10, but otherwise it has been steadily earning.
In the 5-minute chart, waiting for the opposite amplitude is also a tactic.
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Reasons for trading only USD/JPY and EUR/USD
Personally, I hardly touch any currencies other than USD/JPY or EUR/USD.
I believe forex is technically favorable.
Fundamental analysis is also necessary for risk avoidance, but to win, technicals are important.
Note: however, winning with Bollinger Bands or moving averages is difficult. A self-made technical indicator that is statistically proven is the strongest.
If you can't make it, you can buy for tens of thousands of yen, so it's fine. If you can make it, let's make it.GOLDEN LESSONThen you can become able to make it.
Technicals are, in essence, a method of analyzing the “results” that incorporate the psychology of participants, fundamental factors, and actual demand.
Incorporated results are convenient and can be seen as a kind of outcome-based reasoning.
Because it works in practice, you use it without deep thought. This is the correct approach in technicals.
Now, to analyze a chart that has incorporated everything, you must look at charts where participants are buying and selling.
Worldwide, most traders trade on a dollar basis.
In other words, the base is essentially the dollar pair among major currencies.
Among them, the major currencies are the dollar, euro, yen, and pound, needless to say.
The pound has strong quirks, and I personally have few good memories with it, so I focus on the dollar, euro, and yen.
Other currencies are nothing but noise and can be ignored.
The world essentially revolves around these three currencies.
Also, since the euro/yen is a synthetic currency pair, by elimination, only USD/JPY and EUR/USD remain.
Let's earn quickly and massively with Goku Speed.
