The recent news reports that the yen is strong against US dollar. Does YEN go to over 79.75 yen, the strongest price in its history?
Nobody knows if it happens. Personally I don’t surprise if it happens.
Now I have a short position ( buy YEN & sell US dollar), and the goal is around 82 yen. The stop loss is ordered to 86.5 yen. Tokyo will not intervene the market if the yen is stronger.
If it happens, my plan is buy more YEN against Tokyo’s decision. Government power is not so strong as you imagined in the flow of market trend.
This coming Thursday, I am opening a small seminar about FX. It focuses on two points as are shown here.
・ what is the “safety” of FX company?
⇒ FX company is different from securities firms and banks in many ways. If you don’t know the real meaning of “safety” of FX company, your money has gone in a crisis.
(2) Information Choice ・ What’s the purpose of your information choice? To make money? To be an economist?
⇒ You should not trust on news on TV or newspapers; the news is made for a specific reason.
(3)How to make a rule to win ・ Fundamental ideas to make a “good” rule to win Rule 1: The number of rules should be within ( ) Rule 2: Put the biggest emphasis on ( ) To earn money comes next. Rule 3: Win in the ( )
I am happy to share ideas about how to enjoy FX investment.