Did anyone else catch huge GBPJPY trade?

[knp478]

Yes, I milked it

No, I missed it

[SueShe]

Since I don't plan to travel to Japan nor do I need to change any GBP, I am not really interested in trading currencies.

Also, given the actual energy crisis, the political situation worldwide and the considerable risk of expanded war in Europe, investing in bonds and shares is like a suicide mission. If you want to lose money, then by all means, go ahead and start trading.

Most people are not gamblers and need to work hard to earn their cash. So why taking useless risks investing in something you know is going to make you lose a large part of your investment?

[knp478]

I have been trading spot forex since 2017. I know a thing or two about the market and know way more than the average person, not to say it like that, but I do. Nothing in trading is a gamble, with proper risk management displayed day in and day out. Any savvy trader would know it's a probability game long term. You're probably one of those traders that has: A: Never made money consistently either through forex and/or other financial markets. I can't tell if you're actually being serious, or just another skeptical person in this industry. Their is professionals that manage millions in private equity or they run profitable hedge funds for example. George Soros is a perfect example of this. Not a fan of him (his character/some things in past) but he's a huge market participant in forex, especially the gold market.

You're so incorrect on the last part. I'm trading on a live 200k account displayed here from a sponsored firm. If I'm only risking.5%-1% a day (maximum) to gain 3x that or more, that's not gambling. My strategy is optimized. This industry gets a bad look/rep, but trust me their are professionals in it, that do it for a living. I got asked to go work in New York on a floor, when I showed a private equity firm my results for example. Anything is possible for any career choice. Many wealthy people participate in this market, your third paragraph is way off target.

And also one more thing, stocks are just as risky. Who says I'm not already invested in a ton of assets anyways? The forex market is way more liquid, and you can actually predict movement accurately. I'd recommend any trader to start here. It's way easier to learn.

And as far as your second paragraph. Their is a thing called forex factory, where I check news, to avoid those exact times, and stay out of the market. That last sentence shows, maybe be less ignorant and you'd find some success in the market.

[SueShe]

Most of the people on this site have absolutely no idea about trading on large scale. I am following the market on a day to day basis and I did see the plunges Wall Street, the DAX index, the FTSI100, the NIKKEI225 and other international stock exchange indexes.

Since early February 2022, those indexes have plunged to levels not seen in 20 years.

Either one is silly to want to invest now when everything goes down or one does not care how high the loss is because the financial padding is so big that a few hundred thousand do not make much of a difference.

And I am not even talking about the very volatile crypto currencies...