Could you tell us about the USD/JPY
Well, the dollar/yen pair is very interesting to me. There is a lot of capital flowing into the safe haven and I really like the liquidity in this pair. I think it is the most traded pair after EUR/USD.
When is the best time to trade USD/JPY?
First of all, you have to know when there is the most liquidity, but I think the best time to trade the dollar against the yen is from 12:00 to 15:00 GMT. This is when the pair is most liquid and volatile.
DO YOU WANT TO TRADE?
Why do you only trade this particular pair?
There is high liquidity, which means that spreads are low. This reduces your trading costs, which is one of the most important things for me. I like the big price movements that you can catch during big events, whether from the US or Japan.
Is there a strategy you use to trade the USD/JPY?
Yes, I’m using a lot of strategies depending on the current situation around the dollar and yen. I’m a big fan of news trading. The most used strategy for me would definitely be the breakout strategy.
ARE YOU INTERESTED IN FOREX?
What is the secret of trading for a living?
The reason why I’m still around is when I’m wrong I lose a little bit and when I’m right I add, I like to be four times bigger when I’m right than when I’m wrong so I’m probably consistent in the markets because I manage risk well. Manage risk expectantly well and the goal of doing business with the least amount of risk. That is the secret, I think.