In other words how can you tell if a pair is oversold or overbought with out the use of indicators or trend lines.
sooo...go long the eur/usd...no?
sooo...go long the eur/usd...no?
Exactly or short eur/gpb
I think it's hard, because different economy for each country.
I think it's hard, because different economy for each country.
yes but the driving factors for each currancy are similar e.g. Interest rates.
You could also track the countries CPI Consumer Price Index
For instance this week the UK CPI went up to 2.9% and the NZ down hence on the GBPNZD the pound gained againest the NZ dollar. but the interest rate for these 2 countries are very different GBP 0.5% NZD 2.5%
So what I am trying to figure out is what data drives a currency in the long term looking at the weekly and monthly Time Frames.
I think that of I can identify the core drivers then apply that information and compair it on a pair by pair basis then you could create a trading system for potential long term trend following not weeks or day but months years of consistant gain.
What else do I need to consider?
Cheers
Beno
come on, you need at least one or two indicators to help trade.
Investing in forex?
How much do you need to invest in forex?
![MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal](https://c.mql5.com/i/registerlandings/logo-2.png)
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Hello
Question
Do you think value investing could be applied to currency trading.
Benjamin Graham - Wikipedia, the free encyclopedia
Just thinking out loud.
Cheers
Beno