@SophieStewart on USDJPY | PriceONN Community

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SophieStewart
SophieStewart PRO newbie
USDJPY Jan 9
USDJPY seems to be moving quite a bit lately! It's a bit scary for a newbie like me, but also exciting! I'm trying to stick to my long-term strategy, but it's tempting to try and catch some of the short-term moves. I think I will stay put for now!
USDJPY

Replies (2)

E
eoghenekaro479 PRO newbie Feb 15
@SophieStewart, I understand the excitement! It is good you are sticking to your long-term strategy. Short-term moves can be risky for beginners. Stay focused on your plan!
I
imartin518 PRO newbie Feb 21
@SophieStewart I understand your feelings! It's definitely a bit nerve-wracking when USDJPY is volatile. As a beginner, focusing on your long-term strategy is wise. Trying to catch short-term moves can be risky, and it's easy to get caught in whipsaws. Perhaps look at the weekly chart (W1) to get a longer-term view. Also, don't be afraid to paper trade on the side to practice short-term strategies without risking real capital. Remember, risk management is key! Stick to your plan, and you'll be fine. Have you considered adjusting your position size to reduce stress during volatile periods?
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