FX: A Liquidity & Lifestyle Option
Yesterday was an interesting day. Being that it's a slightly more quieter time of the year, it makes one reflect on various things, including how to improve my research process to become even more efficient. The weather is nice, so we decided to take a drive to the beach. We left at 6am (destination out of Cape Town) and just before that at 5:55am I decided to add USDJPY as a trade idea (short/sell) before leaving home. I loaded my idea to the client platform and off I was...
Arriving back home the trade was well in the money and was just about at the target. I then added EUR/AUD as a buy at around lunch time and by late afternoon I added GBP/JPY as a sell.
All 3 trades were ultra short term (1-5 days) and all 3 hit the target on the same day (what a rarity!).
It made me think about the FX market and how one is able to trade at literally any time of the day. No waiting for 9am for the equities market to open and close at 5pm. Don't get me wrong, I don't want to be working a24hr a day but this asset class does provide a degree of flexibility, offering an attractive lifestyle option.
For 2023, I think FX/Currencies are going to be a significant part of my research output for clients who trade actively. The liquidity is second to none and if you have a short term time frame, there'll always be opportunities.
Best wishes for the year ahead.
For more insights, including trade ideas, get in touch today.
Arriving back home the trade was well in the money and was just about at the target. I then added EUR/AUD as a buy at around lunch time and by late afternoon I added GBP/JPY as a sell.
All 3 trades were ultra short term (1-5 days) and all 3 hit the target on the same day (what a rarity!).
It made me think about the FX market and how one is able to trade at literally any time of the day. No waiting for 9am for the equities market to open and close at 5pm. Don't get me wrong, I don't want to be working a24hr a day but this asset class does provide a degree of flexibility, offering an attractive lifestyle option.
For 2023, I think FX/Currencies are going to be a significant part of my research output for clients who trade actively. The liquidity is second to none and if you have a short term time frame, there'll always be opportunities.
Best wishes for the year ahead.
For more insights, including trade ideas, get in touch today.
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