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RE: Forex: NZDUSD Outlook for Week of August 15th, 2016
Not sure about the Forex - I'm a tastytrader and love those verticals! Small win today but I need the VIX to explode... It's working its way up..
Not sure about the Forex - I'm a tastytrader and love those verticals! Small win today but I need the VIX to explode... It's working its way up..
The VIX is a wonderful thing, especially if you're into Options, which I also trade. The Forex is a bit different, in that you only have a few main currencies to trade on. At least, if you want to minimize your risk like a good trader. You can trade the lesser known/traded currencies, what we call the exotic pairs, but I wouldn't recommend it. The Forex is actually quite simple to trade and the profits are fantastic compared to Options, Futures, Commodities and so forth. Mainly because of the margin, but in great part because if you have studied a currency pair extensively, and keep up with both current events in the two countries as well as any Fundamental Announcements, it will become very easy to predict movements and get good entries. Keep coming at me with comments and questions! This is one topic that never bores me...