There is a small bounce back for yen pairs, the unusual thing is US stocks had a very negative day, which should make for a strong yen, this shows the world is still upside down
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hi dennis, glad to see you’re posting. I’ve been with you since 2019 and been looking forward to these posts every day.
I’ve noticed a few things with tracking these over the years, if you’d like - it’d be cool to see what insights you see on your end.
i notice that yen goes weakest to strongest multiple times throughout the year, awesome money maker is the biggest one i see.
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Big correction in the stock market today, currencies are right where they should be during a correction, with USD and JPY strong
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@Dennis3450; Could you kindly comment on this post you made a few years ago? I believe it holds true, and I think a law degree is likely a better option. I feel that trading has a lot more rough edges than one realizes when starting out. Having been a trader for 5 years, I now believe those years could have been better spent advancing my education and career.
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I pulled these numbers a bit early, It looks like the markets have settled down after all the Fed actions last week
This should be a quiet week in the market, and a hectic week for me with Christmas mid-week. If I miss a day posting I am out delivering presents
You all have a Very Merry Christmas
I stand by what I said 5 years ago, It floors me reading comments from people wanting to make a living trading who have never made a single trade, It is like deciding to become a Pro golfer but have never played a round of golf. For me Trading is a hobby, I enjoy it, and as someone now retired I am not worried about the better time spent question.
Only a very small number will make profits consistent enough to pay the mortgage and put food on the table. Treat trading as a hobby and win or lose enjoy the challenge
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Thank you so much, Dennis, for your timely comment and valuable advice. Trading is indeed very challenging when it comes to achieving consistent profits, let alone covering significant expenses like a mortgage. As you wisely mentioned, the best approach is to treat it as a hobby rather than a primary source of income.
From my own experience, I have lost over $40,000 trading with large lot sizes. The good thing for me is that I have a stable job, and I have been able to recover that money over time. However, if you are investing your life savings as your trading capital, the harsh reality is that you risk losing not only your financial security but potentially your family as well. My honest advice, based on this journey, is that a fresh newbie is probably better off pursuing education or refining their professional skills rather than diving into trading. Those who succeed in trading, in my opinion, often have over a decade of experience. For newcomers who believe they can start making consistent profits within just a couple of years, I would caution that this is more of a daydream than a reality.
Those Ferraris you see new traders driving on YouTube are probably fake. Trading isn’t easy.
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No Santa rally this year , just more coal compliments of Jerome Powell
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last ranking of 2024
The US dollar was the big winner for the year, followed by the Pound, NZD edged out JPY for the weakest
Happy New Year
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The European block of currencies took it on the chin to start the new year
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Not much change for the week, but I am looking at that double-bottom potential “W” formation on the S&P 500, if that double bottom holds and stocks move up from here, this could be good for Yen pairs
Yesterday I said this
and today we have this
Sometmes I get it right
Yen pairs are in rally mode
