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Are you planning to go from losing money in crypto to losing money in fx? Because you are suggesting the classic BoJ widow maker trade, which has killed many a
by largepeepee 4y ago
Are you planning to go from losing money in crypto to losing money in fx?
Because you are suggesting the classic BoJ widow maker trade, which has killed many a trader.
But who knows maybe you'll be the foolish but lucky one.
- Danieru 4y agoWidow trade is the opposite. OP is saying sell non yen to buy yen. Widow trade is to short japanese government bonds. That in fact has nothing direct to do with forex. The widow trade is a bet that interest rates will be risen.
- largepeepee 4y agoOh I am familiar with the trade and op IS doing the same bet as the widow maker fx trade on a smaller scale without derivatives. Think abt it, he is suggesting buying currency in hopes that it will appreciate. Same bet, different method to get there.