Howdy all,
In a few short months I'll be leaving my current life for several months. It got me thinking about investing into a currency to let ride for long periods of time since I won't be at a computer every day. Does anyone else here have any success letting a trade go for weeks/months?
Any suggestions for which currencies would work well? Do you ever trade against the interest if you're in a trade for weeks/months? Look forward to discussing slow, consistent growth.
I'll give an example. USD/THB, although an exotic I assume, has been in a downtrend for years. It also broke its low from 1998 after the massive rally in 1997. Although there are rallies for several weeks here and there, without throwing too much of your account at the trade you should be able to easily survive them. This pair is extremely slow in volatility and unfortunately the wide spread means you'll be in the red for a while although it has been picking up steam these last few weeks. I'm not sure what the interest is like on this pair, but if it favors the short I think it's a good play.
Anyone else out there tired of trying to predict the volatility of gbp/usd every week? Matt
In a few short months I'll be leaving my current life for several months. It got me thinking about investing into a currency to let ride for long periods of time since I won't be at a computer every day. Does anyone else here have any success letting a trade go for weeks/months?
Any suggestions for which currencies would work well? Do you ever trade against the interest if you're in a trade for weeks/months? Look forward to discussing slow, consistent growth.
I'll give an example. USD/THB, although an exotic I assume, has been in a downtrend for years. It also broke its low from 1998 after the massive rally in 1997. Although there are rallies for several weeks here and there, without throwing too much of your account at the trade you should be able to easily survive them. This pair is extremely slow in volatility and unfortunately the wide spread means you'll be in the red for a while although it has been picking up steam these last few weeks. I'm not sure what the interest is like on this pair, but if it favors the short I think it's a good play.
Anyone else out there tired of trying to predict the volatility of gbp/usd every week? Matt