My trade schedule [Water Travel]
The forex market trades around the world, so on weekdays it operates 24 hours a day. However, there are times when the market moves a lot and times when it moves very little. Therefore, to improve FX winning rate, it is important to trade during the times when the market is most likely to move. How does Noriyuki Mizukami structure his trading schedule?
*This article is a reprint and rewrite of a September 2018 issue article from FX Bōryoku.com. Please note that the market information written in the body may differ from the current market.
Noriyuki Mizukami, Profile
Mizukami Noriyuki. President of Vanya Market Focus. Born in 1978, graduated from Sophia University Faculty of Economics, joined Sanwa Bank (now MUFG Bank). After five years of branch work, he worked as an FX dealer in London, Tokyo, and New York. Known in the Tokyo Foreign Exchange Market as “Mizukami of Sanwa.” Served as head of the Foreign Exchange Department at Dresdner Bank. From 1996 at RBS Bank, after serving as Foreign Exchange Department Head, he became Head of Foreign Exchange Sales. From 2007, President of Vanya Market Focus. He is renowned for highly accurate market forecasts based on his long experience and knowledge.
London traders divide into two groups to aim for profits
My trading is basically day trading, and if the trend is clear, I may hold over for the night. My trading policy is to take profits aggressively whenever possible, and to cut losses aggressively whenever I am wrong about the market, so there is no uniform schedule. However, there are times of the day that I pay particular attention to, and I will talk about those in more detail.