Could someone tell me where I can find information which would explain FX Trading and how people can work out what will happen?
x Turn on thread page Beta
FX Trading. How? watch
- Thread Starter
- 13-04-2006 12:06
- 13-04-2006 12:41
It's difficult to work out what will happen, speculators make educated guesses. Currency fluctuations are based on relative interest rates and resulting hot money flows, amongst other things.
This site has forecasts from various institutions.
- 13-04-2006 14:41
Most FX trading is technically driven, short term and volume based. Positions last seconds/minutes. The extent to which interest rates matter is expectations.
- 13-04-2006 21:23
Its just like any other instrument: everyone has their own styles.
Horizons differ from trader to trader. While one may be a high frequency statarb trader making over a thousand trades a day another may be a long term macro player making a trade in a year. Each has their own style to "work out" what will happen.