//-----Can I trust forecasts of other economics? I wanna try to trade some pair for 6-12 months, but not sure if my basic knowledge will be enough.
What you can advise me? Maybe, if not economists blogs, than some books?
Thank you very much for the detailed info. I didn't read eFXnews earlier, but I will now.//-----
hey robian.... you might want to avoid trades that would incur negative swap...... it will weigh you down.....
//-----Cause now I'm focused on short-term trades and want to make something more serious in future.
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hey robian..... it helps me to search for the turning points on the monthly charts..... on average, roughly every 20 to 25 months the pairs break the psar as they turn..... several pairs are due, such as the nzdjpy, audjpy, cadjpy..... those are high beta commodity pairs..... that type usually are the first to fall and first to rise as the worlds economy rises and falls..... check the monthly macd on those 3 pairs..... all 3 should be at, or within 500-800 pips, of a bottom.....
the next money maker will no doubt be the gbp..... odds are that will be next year..... look now for the next turn so as to be prepared.....h
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//-----is it really better to trade commodity currencies? Why not majors?
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hey robian..... the majors would be just as good..... the gbp will be the best once the dust settles.....
even though we think of australia, new zealand and canada as big, economy speaking they are small.... and the amount of their currency in circulation is extremely small when compared to the euro, usd, and/or jpy.... so any demand, or lack of, for their dollars puts a heavy weight on the supply-vs-demand which really propels them up or down..... this is why they are known as the high beta currencies.....
once fundamental demand turns them around the speculators will do the rest......h