Disliked{quote} I don't get it, what can be more directional then indices? I don't trade FX but in the past I was analyzing the charts to find the best trending instruments and indices were by far the best ones. FX not so much. Even some automated trend following strategies I used for back testing gave me best results with indices. When looking at FX pairs, I quickly rejected all GBP pairs (among some others) as those were the most chaotic ones with least trending. Seems like we must be using totally different TF's or I don't know. But you're...Ignored
Even if from how I notice it to be last I checked GPBUSD last years was directional as in goes very zig zag and determined in its direction once it starts. Indices for example are more volatile but at the same time more easy to deal with I noticed since its not as random based. But Indices are not as determined in the direction as GBPUSD even if GBPUSD is more random usually. The hard part is to find when it does initiate that true trend direction and strong one in GBPUSD which can be tricky and not something I truly dwelt into too much. Since thats the reason I prefer Indices tons of trends that are easier to cope with.
However if one finds a way which is profitable to detect that direction when banks and institutions flush the market in GBPUSD then I can see why it can be very profitable. But that also means one must monitor it at least 12h right or even 24h. So the flush from the institutions doesnt happen at specific times. You just never know when it happens and what direction it will take.
Again compared to indices , much harder due to that and more time consuming. So if one likes swing trading, one should for sure try the volatile currencies.
No idea why they market currencies to beginners even. Becomes pure gamble if totally new at trading. No real volume indicators even. If they had real volume in GBPUSD , yea then you could really see that flush live and would been easier too.