Market is not random but unpredictable
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Short-term trading vs medium-term trading
One of the key skills to master in trading is how to differentiate short-term drivers from medium-term drivers. This is a skill that takes time and really requires a deep understanding of what drives currency markets. If you are very technically focused this skill will be counterintuitive to you. However, it is one skill you simply must master. It is also a skill that allows you to discover value. So, let’s look at an example of short-term vs medium-term trading. Running up into the RBNZ meeting last week the expectations were that the RBNZ was going to hike rates. Medium-term the case was there. Unemployment low, ... (full story)