Is whether you can turn your own awareness into trading skills the deciding factor?
Transition to a Winning Trader - Explosive Indicator
Thank you for watching the product promo video.
The first installment where we speak honestly VIDEO HERE
And it also includes talk about hedging
The serious second installment VIDEO HERE
Good morning, everyone.
Yesterday's USD/JPY daily chart closed with a bullish candle.
There are election campaigns in many places in the city, but before the election
there are many politicians saying things like, "I’ll really try my best," which feels repulsive.
For them, if elected, they are promised an annual income of about 50 million yen, so they’re desperate.
For them, being a member of the Diet is a way to earn money, so
lies are convenient; riding through the moment is enough.
I once saw online that a certain Constitutional Democratic Party member warned that if the government changed, it would become troublesome.
With few people, being made a minister would just make them busy.
For opposition members, to just complain and still earn 50 million yen is better!
That is, or isn’t, what was said…
It was exposed.
Their salaries come from taxpayers.
Taxpayers toil while those who receive it live easy, which is a sham and a fraud!
That was said by Takashi Kawamura, a member of the Diet.
I’m looking forward to the election on the 20th.
If a trader earns about 50 million annually, such things become irrelevant.
Monthly 4 million
Daily 200,000
If you earn, theoretically you can make about 50 million a year.
What should someone who doesn’t currently have 200,000 per day do?
If you reach an environment where you can earn 200,000, how should you trade?
For 200,000 units of currency with 1,180,000 margin, daily 100 pips
For 500,000 units with 2,960,000 margin, daily 40 pips
For 1,000,000 units with 6,000,000 margin, daily 20 pips
* calculated with 25x leverage
numerically, if you can do this, you could earn 4 million yen per month.
Daily 100 pips might be unrealistic, but 20 pips is a realistic figure.
If you trade 100,000 units for 20 pips daily, that’s basically 20,000 yen per day.
This is a theoretical discussion, but the numbers tend to progress like this.
What should you do now to achieve this?
What if you have little capital — what should you do?
If you only have 10,000 units and 60,000 yen margin, you should earn 2,000 yen daily by 20 pips and build up to 20,000 by increasing position sizes step by step (to 20k, then 30k).
Once you have some methods or strategies built, having more funds at hand is advantageous, as you all know.
Winning rate also fluctuates with capital.
Trade should be done with a meticulous plan, avoid overwhelming with emotion, and check your own vision daily.
USD/JPY daily & 5-minute charts
The yellow square on the daily chart is recent upward movement.
Elite traders can see the daily chart turning bullish and the elite trader long line being drawn.
But the daily chart is long.
What happens if it breaks the recent red circle or not, what to do if it breaks or doesn’t break, it’s important to think about.
At the present stage, I predict a red circle is likely to be reached, and I am aiming to chase 14800 around the Tokyo start.
The 5-minute chart continues to rise, creating a gap below.
Will it drop from here, or drop after hitting 14800? If you’re selling, it’s a bit tricky.
Tonight there is the US Consumer Price Index release.
It will move surely, so you may also choose to trade after the data release.
For the near term, I think the daily targets are 14850 and 15100, what do you think…
The three products I recommend for immediacy are below.
New Billionaire Trader Scalping - Volume Plus
FX Trading Not Your Ordinary Hedging
Explosive Indicator - Transition to a Winning Trader
That is all.
Thank you for your continued support today as well.