euro Posted September 30, 2013 Share Posted September 30, 2013 Have you had any luck with the yen? I've had a lot of luck when trading western currencies against the yen like usd, euro, gbp, aud, against the yen. There have always been many bullish trends for me to scalp. I think its great for short term trading. Have you had any luck at all with the yen? Quote Link to comment Share on other sites More sharing options...
Decub Posted January 10, 2014 Share Posted January 10, 2014 I know of a friend too who trades the USD against the Yen and actually makes pips with it. I think a host of traders who trade in Yen are really those who are technical traders. I feel that's really where to get a good analysis of the way it will either rise or fall. Quote Link to comment Share on other sites More sharing options...
standart Posted January 20, 2014 Share Posted January 20, 2014 well currently I am tried to observe USD/JPY pair. the movement seems stable than EUR/USD. probably suitable to make profit with UJ pairs with long term approach such as swing and long position trading. basically UJ is one of major pairs which have good daily range movement. Quote Link to comment Share on other sites More sharing options...
Stekin Posted February 4, 2014 Share Posted February 4, 2014 Right now, I am focusing on the eur/usd. The yen can be a safe haven for the traders who know how to trade the yen. I'm sure any pair is going to be a safe haven if the trader is able to know how to trade in the currency. I like trading in the euro and it is good for me. Quote Link to comment Share on other sites More sharing options...
standart Posted February 4, 2014 Share Posted February 4, 2014 Yes, yen currently is option for me to catch profit from market. the pair I am use is US dollar against yen. the movement stable and once the trend movement created, less retrace during the process. for swing traders like me, UJ pair is one of good option. Quote Link to comment Share on other sites More sharing options...
surya77 Posted February 7, 2014 Share Posted February 7, 2014 yes, yen gold is safe haven for many investor. because we know Japan is industrail and technology manufactaring country so can give guarantee the safety of investment proflio with yen. Quote Link to comment Share on other sites More sharing options...
Decub Posted March 12, 2014 Share Posted March 12, 2014 I am still studying the Yen in the Demo account to see if I can get closer to it and be used to it the more. Trading in Yen seems quite good to a lot of traders and also profitable. It might simply provide the trader better chances of profit when understand well enough. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 24, 2015 Share Posted June 24, 2015 Yen isn't safe haven anymore the currency wars that makes the price of this pair going down has effectively ended up those said. But overall if you want to target and trade with the indicator or east asian economy then you can plunge your money into Yen which i can say predictable compared to others. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 16, 2015 Share Posted July 16, 2015 Before it was safe haven as many people did the same thing before, Yen right now is just like the other currency that putting theirselves into currency war trying to create a more competitive rather than before. It is not really predictable especially in this volatile condition now. Quote Link to comment Share on other sites More sharing options...
Decub Posted July 16, 2015 Share Posted July 16, 2015 The Yen favours certain people and do not favour others. it is not always easy for the trader who doesn't know anything about combining the Japanese country with other currencies to earn. More so, there was a time it sounded as though the Yen was a boom and you see everyone going towards that angle. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 20, 2015 Share Posted July 20, 2015 Yes, that is true but at the moment JP govt are trying as the best as they can to make their currency falling deeper for the sake of competition. This is not really good also it won't be act as safe haven anymore because they want to destabilize their own currency Quote Link to comment Share on other sites More sharing options...
Stekin Posted July 21, 2015 Share Posted July 21, 2015 No currency is a safe haven and every currency is a safe haven. What is there to determine which one that will work is whether the person already has a good knowledge of what to do or if he is able to understand the way the Forex business works because in the real sense of trading, it is more important that the trader will first look at whether he or she knows how to handle the pair he or she is trading with. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 21, 2015 Share Posted July 21, 2015 "No currency is a safe haven and every currency is a safe haven". Contradictive? for me Yen is not safe haven anymore, it is hardly to say something like that even CHF which for some years become safe haven right now also isn't safe haven. It is not as strong as it used to be thus making people think twice. Quote Link to comment Share on other sites More sharing options...
Stekin Posted July 27, 2015 Share Posted July 27, 2015 "No currency is a safe haven and every currency is a safe haven". Contradictive? for me Yen is not safe haven anymore, it is hardly to say something like that even CHF which for some years become safe haven right now also isn't safe haven. It is not as strong as it used to be thus making people think twice. That is why I still maintain that this thing is only going to depend on the type of knowledge that you have on that currency. If you know how to trade the yen, then it's definitely going to make things work for you and it is even more important if you understand the risks and you are willing to make it in such a way that you will know when and when not to trade it. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 29, 2015 Share Posted July 29, 2015 Yen is not safe haven anymore, how can it be not safe haven? Yen as we know before is currency of Japan which often balance the high debt level and with its high trade surplus make it very good place to store our money into Yen, but that is not anymore as Yen getting stronger it makes export less strong plus japan aging workforce. Quote Link to comment Share on other sites More sharing options...
David_Warner Posted July 30, 2015 Share Posted July 30, 2015 Yes. I think it is very good. That is why I still maintain that this thing is only going to depend on the type of knowledge that you have on that currency. If you know how to trade the yen, then it's definitely going to make things work for you and it is even more important if you understand the risks and you are willing to make it in such a way that you will know when and when not to trade it. Quote Link to comment Share on other sites More sharing options...
Stekin Posted August 15, 2015 Share Posted August 15, 2015 It is just that. The whole pairs can be safe haven if we know how to make use of it. We should learn to focus on the way our skills and knowledge counts because when there is that lack of knowledge, then there will be lack of concentration in us and this thing is what leads to some of the traders running helter skelter in search of better opportunities to earn. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2015 Share Posted August 29, 2015 True to certain extent especially since not all currencies considered to be safe haven although the label of safe haven doesn't always apply we can see that USD, JPY(were) and CHF are often considered to be safe haven currencies. The key is strong economy. JPY were but it seems they devaluate their currency to keep make export competitive. Quote Link to comment Share on other sites More sharing options...
myregister Posted October 24, 2015 Share Posted October 24, 2015 Right now i think it back that there is no such as Safe Haven currency, since the world more connected and many people can play the price of one or two currencies to certain price that we never think before. But currency which close to safe have status only CHF, JPY, and of course USD which become dominant since early WW2. Quote Link to comment Share on other sites More sharing options...
pepy Posted November 2, 2015 Share Posted November 2, 2015 It is still exist well maybe before there was since i think CHF tied by Gold even after WW2 over and USD become the global currency. Right now, USD could be considered as safe have not just Yen. First it must stable enough in order to be a safe haven, so people called it as "hard currency". Quote Link to comment Share on other sites More sharing options...
myregister Posted November 9, 2015 Share Posted November 9, 2015 It is still exist well maybe before there was since i think CHF tied by Gold even after WW2 over and USD become the global currency. Right now, USD could be considered as safe have not just Yen. First it must stable enough in order to be a safe haven, so people called it as "hard currency". Yes the reason why Yen is considered as hard currency or safe haven one because it is before a stable one and up to now even there is a long-term deflation happening in japan. Some factors contributing to a currency's safe haven status including long-term stability of its purchasing power, for example USD. Quote Link to comment Share on other sites More sharing options...
pepy Posted November 13, 2015 Share Posted November 13, 2015 It is because Yen is strong, you can see how Japan's economy survive from disasters from nature or even from human itself(ex: war, internal problem, and others). It is not exaggerating to say that Yen is safe haven currency for us, that is because this one really act like that and deserve to be it. Not to mention it is one of the creditors in the world. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 16, 2015 Share Posted November 16, 2015 That is right that Yen become safe haven because of that but USD and some other western currency are able to become safe haven. CHF for example a currency that become safe haven because of its country neutral stance for many years, and a good place for doing business at the same time too. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 22, 2015 Share Posted December 22, 2015 Yen is still a safe haven currency thanks to its price which is quite high compared to the other currency, and also the economy of Japan which even stagnate to certain extent but showing a good prospect if Japanese want to change the direction, and its goverment also stable enough to make Yen safe haven. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted April 25, 2020 Share Posted April 25, 2020 Orders are basic instruments for a trader and ought to consistently be considered when executing against a trading strategy. Orders can be utilized to go into an exchange just as, help secure benefits and limit drawback risk. Understanding the differences between the order types accessible can assist you with determining which orders the best suit your necessities and are most appropriate to assist you with reaching your trading objectives. Quote Link to comment Share on other sites More sharing options...
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