Just looking to lean on your expertise for a bit of advice. I've been holding off moving my AUD into GBP despite repatriating a few months ago. With news now that the UK is likely to agree a transition arrangement with the EU and interest rates set to rise. I can't see my AUD getting any stronger in the next year. Would welcome any thoughts!
So it seems that trading (forex) has become like a trend, I see people on instagram showing their Gucci bags... and messaging me saying if I want to join their group for an initial fee. It's not a scam because I know some people that do it but can you explain exactly what do they Do? Is it as good as it seems? How does it work? And can I start without that initial fee?
So yeah just wondering if there is any good book, resource, video or whatever about the "technology" behind the tools like fibonacci retracement, bull/bear flags and so on. How does a market behave in extremelly speculative enivonment?
Is there something like this available anywhere? Really curious.
Just wanna know what you guys think about this. I'm currently long in DTYS since I think US 10 years yield will easily go up to 3% this year. This ETN is priced in USD and I'm in Canada. I got in when USD/CAD was around 1,23 - 1,24 so I made a nice return on this. Now, I don't wanna see this evaporate so would like to hedge it. Since I'm an individual investor and can't trade forward contract, there's not a lot of way to do that.
I found an Horizon's ETF (CAN) that follow the USD in terms of CAD. If the CAD takes value, the ETF goes up and if USD takes value, the ETF goes down. The only disadvantage is that it takes a lot of bucks to hedge all my position.
What you guys think about this? Anyone has better idea?