@mthompson570 on USDJPY | PriceONN Community
It's so scary watching the money go up and down, I'm trying to be super careful. My main rule is I'll never risk more than 1% of my account on any single trade. And I always set a stop-loss immediately after I enter. I heard that's important for beginners like me, but sometimes it feels like I'm just guessing where to put it. 😟 This USDJPY movement is making me nervous though.
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Oh and about that Iran news I saw earlier... I'm not sure how to interpret it for USDJPY. Usually, when tensions ease, safe havens like gold go down, right? But then the dollar might get stronger. It's so confusing! 🤯 The article said something about the dollar reclaiming strength but then also mentioned easing tensions. Does that mean USDJPY will go up or down? My stop loss feels really close right now. I might have to just cut my losses if it keeps going against me, even if it's just a small amount. Better safe than sorry, I guess. 😬