If FX is a zero-sum game, wouldn't the relations between countries also be zero-sum?
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Good morning to everyone.
Dollar/yen remains at a high level as always.
The goal for daily trades remains the same.
Even if you do the same thing, you should decide in advance how much you will cut losses by; at least set that rule.
I don’t know which level of trader you are, but in FX you can grow your account if you reduce losses.
But to achieve that, although price movement differs, you must always take positions the same way and have the same stop loss rules; otherwise the results cannot be said to be based on accurate data.
For example, I am selling
Tokyo bid price plan
Yes.
A silly name, but yesterday’s trade was a success again.
This product has a fixed time to take positions, so anyone will take positions at the same time.
Taking profits and stopping losses should be allowed to change with familiarity, but there are rules particular to the product.
Such trading produces quick results and is easy to verify.
Data is easy to obtain and it comes with no stress.
I think it’s a good trade.
Dollar/Yen daily chart & 1-minute chart
The 1-minute chart shows a scene where you can conquer with the white rectangle at a trillion-trade line.
Observe the rise from the intraday low with blue circle starting in London, entering the white rectangle flow.
This is a time to trade that I’ve written about many times; it’s the time to focus on trading.
A blue horizontal line breaks out as the NY start ends the range that lasted until NY start.
The accumulated power breaks through and rises with volume.
London FIX time.
There is always news/events every day.
All of that material is written in the Investment Navigator, so you can read it when you have time.
Now, what is happening in the world today.
FX is, as you know, a zero-sum game.
In a zero-sum game, Japan is currently in the position of one person losing?
If you played mahjong in Japan, the US, the EU, and the UK, Japan would be the only one losing.
However, sustaining Japan’s single loss would require corresponding risks from other countries, so adjustments will occur eventually.
Since we don’t know when that will happen, we trade little by little every day to collect small change.
If you approach things in a proper sequence, you’ll achieve better results more easily.
That is what I think you should focus on when facing trading.
Central bank rates of various countries
Australia 4.35%
UK 3.75%
USA 3.75%
New Zealand 2.50%
EU 2.40%
Canada 2.25%
Japan 1.00%
What do you think about this?
Japan is at 1% after introducing negative interest rates, so it’s unlikely to go lower and will only rise.
Thank you for your continued support today.
If you want to succeed in trading at all costs, if you want to be able to trade and make a living, this is the trading technique I recommend, which you can also learn on your own ↓