DXY RETURNS TO WHERE IT STARTED THE JOURNEY. 2000 TO 2023 MONTHLY LOOK.
Is There a Buy-and-Hold Strategy in Forex?
While currencies rarely rally against one another in the same sense that stocks do, there are viable reasons for experienced traders to engage in buy-and-hold strategies in forex trading.
Traders who understand the long-term economic trends in one country versus another can buy-and-hold a currency for months or years in order to recognize profit from their trade.
Buy-and-hold forex trading can also happen in conjunction with other investments, such as an American investor buying stock in a European company.
Carry trade refers to a trader selling a currency that provides a low-interest return rate in order to purchase a currency that provides a high-interest return rate.
Traders consider central bank policies, global sentiments, and trends in unemployment rates when adopting a long-term forex investment strategy.
from www.investopedia.com
NOT INVESTMENT ADVICE.
Is There a Buy-and-Hold Strategy in Forex?
While currencies rarely rally against one another in the same sense that stocks do, there are viable reasons for experienced traders to engage in buy-and-hold strategies in forex trading.
Traders who understand the long-term economic trends in one country versus another can buy-and-hold a currency for months or years in order to recognize profit from their trade.
Buy-and-hold forex trading can also happen in conjunction with other investments, such as an American investor buying stock in a European company.
Carry trade refers to a trader selling a currency that provides a low-interest return rate in order to purchase a currency that provides a high-interest return rate.
Traders consider central bank policies, global sentiments, and trends in unemployment rates when adopting a long-term forex investment strategy.
from www.investopedia.com
NOT INVESTMENT ADVICE.