Learning To Trade The Yen Daily

Learning to trade the Yen is a practice that may make a near perfect, however in trading you should not be concerned about getting a 'perfect trade'. The perfect trade may come along here and there however there are so many variables that looking for that perfect exit and entry just may not be the best thing for your account. We are traders, therefore we look to make a profit in the markets day in and day out. We are 'market hustlers' in a sense, we must seek the best opportunity and go for it. We must be willing to set aside the amount we can afford to lose before we play the game. If you miss an opportunity, do not worry your next trade will come eventually patience is a virtue.

Study the Winning Traders

If we analyze the traders who have winning track records we will find many more traders are concerned with 'cutting their losses' than they are with finding the perfect exit and entries on trades.

Now let's discuss an example of a simple chart setup on this USD/JPY chart. You will see I am using some basic candle stick charting, along with support and resistance basics. All of these I discuss in my members section.

I also provided a simple video on the basics of this USD/JPY chart. Please join my twitter for more info as well as my youtube.