Howdy all,
In a few short months I will be leaving my current life for many months. It got me thinking about investing into a currency to let ride for long amounts of time since I will not be at a computer every day. Does anybody else here have some success?
Any suggestions that currencies would work nicely? Do you trade contrary to the interest if you're in a trade for weeks/months? Look forward to discussing consistent expansion.
I will provide an example. USD/THB, although a exotic I presume, has been for years in a downtrend. Its low broke from 1998 after the rally in 1997. Although there are rallies for many weeks and there, without throwing too much of your account at the transaction you need to have the ability to survive them. This pair is slow in volatility and the wide spread means you'll be in the red for a while these last few weeks although it has been picking up steam. I'm not sure what the interest is similar to on this pair, however if it favors the short I think it's a good play.
Everybody else out there tired of trying to forecast the volatility of gbp/usd every week? Matt