I've never traded but I've started demo trading forex on IG because for some reason I can't see stocks on my demo account on there.
After Brexit the GBP/(EUR or USD or pretty much anything) made what I perceived to be some rather huge and predictable moves.
Then the Turkish coup happened and there were quite large and (and predictable) moves in anything Vs. TRY.
What I'm getting at is, do some people (or is it viable to) trade only a couple of times a year, constantly keeping their eye on the news waiting for major world events which are to the obvious detriment of certain currencies, then make a trade immediately on that.
Am I missing something? Do you just have to be exceptionally patient?
Thanks for any input.
After Brexit the GBP/(EUR or USD or pretty much anything) made what I perceived to be some rather huge and predictable moves.
Then the Turkish coup happened and there were quite large and (and predictable) moves in anything Vs. TRY.
What I'm getting at is, do some people (or is it viable to) trade only a couple of times a year, constantly keeping their eye on the news waiting for major world events which are to the obvious detriment of certain currencies, then make a trade immediately on that.
Am I missing something? Do you just have to be exceptionally patient?
Thanks for any input.
Sounds grim, but making forex trades rarely, after major/disastrous events?
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