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Today, let's talk about Japan's legendary foreign exchange trader "Mrs. Watanabe"—Yukiko Ikebata.
After the millennium, Japan's economy was sluggish, interest rates were extremely low, and housewives flocked to forex trading, with Yukiko Ikebata standing out. She used unique strategies, such as the RSI divergence strategy, to make substantial profits in the market. She also often wore kimono to seminars and published books sharing her experiences.
However, some skeptics argue that she simply rode the wave of the era's opportunities. From 2000 to 2007, the currency pairs she mainly traded were in trend phases following major bottoms in history, and she exploited the low-interest-rate arbitrage of the yen, eventually exiting at market peaks to avoid the 2008 financial crisis.
But don't forget, before trading forex, she had been active in the stock market for over ten years, from listening to stock tips to independently researching strategies. Choosing advantageous targets, riding the trend for profit, and discovering arbitrage opportunities—all are skills.
Just like in the crypto world, with Bitcoin's 10-year history and the 2016 bull market in the A-shares, only a few can make money relying on luck. In trading, both skill and luck are important. We must continuously improve our abilities while seizing the luck given by the times to go further in the crypto space!