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Sergey Savastiouk's Avatar
published in Blogs
Mar 01, 2021

How to Get Good at Currency Trading

Currency trading (Forex)  is complex but also full of lucrative opportunities. Experience is the most valuable asset a trader can have. The problem is, how can a trader get experience and practice without risking real money in the process:

The solution: start trading a 'virtual' currency portfolio and form a club with friends to share ideas, learn skills, and refine your approach. You're not risking any real money, but you're learning everything you need to know about what works and what doesn't in the world of Forex.

With clubs, you build portfolios together with fresh ideas, or even challenge each other/members of your club to a horse race to see who can deliver the best portfolio performance.

You can create an interactive experience where members of the group are constantly discussing ideas, debating strategies, and trying out new methods for investing. Whether you want your investment club to be friendly, competitive, or thought-provoking, the key is having a platform that provides functionality for you to manage your club easily online.

With an investor club you can:

  1. Build a 'virtual' investment portfolio that you and your friends manage, without any real money at stake
  2. Trade in-and-out of positions and track performance
  3. Have access to an Artificial Intelligence-driven advisor to provide you with trade and investment ideas and key research
  4. Have a platform to communicate with other members of the club in an orderly way

Tickeron has the platform for Investment Clubs that provides all of the tools needed. The platform enables your club members to build portfolios, track performance, message each other easily, and gives you access to our A.I. for generating investment ideas. It’s a new frontier for investment clubs—get your friends together and start one today!

Related Ticker: USDJPY

Aroon Indicator for USDJPY shows an upward move is likely

USDJPY's Aroon Indicator triggered a bullish signal on June 23, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 351 similar instances where the Aroon Indicator showed a similar pattern. In of the 351 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 10, 2024. You may want to consider a long position or call options on USDJPY as a result. In of 122 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for USDJPY just turned positive on June 09, 2024. Looking at past instances where USDJPY's MACD turned positive, the stock continued to rise in of 99 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USDJPY advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where USDJPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

USDJPY broke above its upper Bollinger Band on June 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a outlook on this ticker and predicts a further by more than within the next month with a likelihood of .

Market Cap

The average market capitalization across the group is 0. The market cap for tickers in the group ranges from 0 to 0. USDJPY holds the highest valuation in this group at 0. The lowest valued company is USDJPY at 0.

High and low price notable news

The average weekly price growth across all stocks in the group was 1%. For the same group, the average monthly price growth was 2%, and the average quarterly price growth was 12%. USDJPY experienced the highest price growth at 1%, while USDJPY experienced the biggest fall at 1%.

Volume

The average weekly volume growth across all stocks in the group was 0%. For the same stocks of the group, the average monthly volume growth was 0% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating:
P/E Growth Rating:
Price Growth Rating:
SMR Rating:
Profit Risk Rating:
Seasonality Score: (-100 ... +100)
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USDJPYDaily Signal changed days agoGain/Loss if shorted
 
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