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Source for reliable long term currency forecasts

  • #1
  • First Post: Nov 26, 2015 12:42pm Nov 26, 2015 12:42pm
Hello everybody,

I have a question to those also using fundamental aspects in their trading.
Could you recommend me a site where to see longterm (months, this/following year) forecasts for currencies which for you have proven to be right?
I am trying also to implement some fundamental aspect in my trading and find it hard which site and forecast to trust. Maybe you have some experience and could give me a hint.

Thank you.
  • #2
  • Nov 26, 2015 12:58pm Nov 26, 2015 12:58pm
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  • #3
  • Nov 26, 2015 1:13pm Nov 26, 2015 1:13pm
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  • #4
  • Nov 26, 2015 1:16pm Nov 26, 2015 1:16pm
If you have a direct wire to both of them then fine for you. I still think that others have more "normal" sources on which they rely on. And there are certainly forecasts out there that have that were substiantially more right than wrong in the past.
  • #5
  • Edited 2:39pm Nov 26, 2015 1:38pm | Edited 2:39pm
Quoting Myrmica
If you have a direct wire to both of them then fine for you. I still think that others have more "normal" sources on which they rely on. And there are certainly forecasts out there that have that were substiantially more right than wrong in the past.

According to Bloomberg ING Groep NV was the worlds most accurate currency forecaster in 2014. But who knows who's gonna win title this year. It's like predicting weather one year in advance. You get Shanghai stock exchange composite index bubble burst and everything changes.
  • #6
  • Nov 26, 2015 3:39pm Nov 26, 2015 3:39pm
Quoting Tom81
{quote} According to Bloomberg ING Groep NV was the worlds most accurate currency forecaster in 2014. But who knows who's gonna win title this year. It's like predicting weather one year in advance. You get Shanghai stock exchange composite index bubble burst and everything changes.
Thanks for that info.
I will have a look at them.
  • #7
  • Nov 26, 2015 3:56pm Nov 26, 2015 3:56pm
Quoting Myrmica
Hello everybody, I have a question to those also using fundamental aspects in their trading. Could you recommend me a site where to see longterm (months, this/following year) forecasts for currencies which for you have proven to be right? I am trying also to implement some fundamental aspect in my trading and find it hard which site and forecast to trust. Maybe you have some experience and could give me a hint. Thank you.
IMO trading long-term is the last thing you do right after you started being profitable in day trading ...
1-demo -> finding strategy -> doing good -> step 2
2-getting real -> stick to your rules -> doing bad go to step number one / doing good -> step 3
3-opening 2nd , 3rd , .... account for different strategies long term short term scalping EAs and ...............
this is for if you want to be a full-time trader ...

if want to just trade monthly I'm not sure you will be successful without exprience trend trading , swing trading , scalping , etc ....
also reading fundies right is not that easy ...
  • #8
  • Last Post: Nov 27, 2015 7:18am Nov 27, 2015 7:18am
... and the reuters chart has the Swedes in at number 1. Look at the divergence between the min and max on the euro for 1 year ahead. Anywhere between 1.20 and .94 with the average at ... erm today's price.

Useless but if you must choose one, 4cast consistently stays near the top, used to be free on Oanda from what I remember.
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