Hey Guys. I keep on reading on these articles that bloomberg's got this currency survey that averages what the value will be in the future. Does any one have access to this or how do we get access to this?
Mmm... Not really to be quite honest. You must be inferring that the predictions are all that very effective. But I would still have a look at them - the bloomberg surveys. You wouldn't know if it is public access or you have to pay for it?
|
Joined Oct 2012
|
Status: in between fear and euphoria
|830 Posts
By "looking" at them, and especially if you're trading a system which doesn't bring you consistent profits for a desired amount of time - will cause you to create your own directions of the market based on what you see them (Bloomberg) write... Fundamentally, you would have created a picture(s) of the market not based on the charts (or any non-biased, non-emotional analysis) - and it would affect your trade, especially if you're new in financial markets...and predicting long term directions (1 year is eternity on forex) is very dangerous.
But again - it is all part of learning - as you will see pretty soon.
Wish you good luck and do try to keep your distance (if you can, mentally) from those "surveys" and estimates...Trade your charts, not assumptions as to where will markets be - ESPECIALLY not somebody else's assumptions.
Idk if it's pay to see, I keep my distance from those - physically (I don't want to see those), not just mentally.
