Resolved Question
Anyone trade NOK, SEK, DKK? Mind to share your own experience?
Ok, I dont to say that I'm not satisfy with my current tradable pairs. But my curiosity comes out and wondering is it good or bad trading these pairs. Let me know what are your experiences (and thoughts) about them. Some informations needed:
- What is your main edge to trade them (fundies or technical? - why)
- How many its daily average move
- Does it liquid enough?
- Where do I can find news about them
- Is there some special behavior about them?
Thanks before.
-Personalme-
over 2 years ago
Best Answer - Chosen by Voters
First, I don't do any short term trading in these currencies, I just buy and hold. Here are my thoughts:
Technically and fundamentally, trading pairs with NOK, SEK, and DKK is the same thing. You can use drawing tools, use math based indicators, base trades on fundamentals, or a mix of any of these.
While FX is the largest market in the globe, your retail broker may not have access to enough liquidity for these currencies, thus widening the spread and increasing the odds of slippage during order execution.
This would be an issue for day traders or scalpers, not so big an issue for longer term traders or currency investors. Wider spreads make it difficult to get into positive territory if the trade does go your way.
This is just my experience and why I only buy and hold based on my fundamental views.
over 2 years ago
Answers (1)
Aww thanks for your share Gladiator. So kind of you.
For a quick view, my brokers DKK spread is better then other pairs (SEK NOK). So, maybe I begin to start my scratch from DKK rather others two. Now I really need is news source and time to build the system.
Others perspective (anything!) will much appreciated.
over 2 years ago
* You must be logged in to add comments. Sign In or Join Askpips.com.
Resolved Questions in Currencies
- Can anyone tell me about other possible currency correlations?
- Which currency pairs do you guys trade?
- I’m looking for a site that provides updated correlations of the major pairs. I hope someone can share it to me.
- What is the best time to trade for the 4 majors? My time zone is EST.
- Do you think Japanese Yen and Chinese Yuan are lumped together in USD/JPY?
* You must be logged in to add comments. Sign In or Join Askpips.com.