Started my first Dukascopy trading contest right now. The main strategy for first 1-2 weeks will be 'milking the Brexit', no suprise in that .
Later on I will try daytrade with some carry positions - tactics that always prove to provide the most consistent income.
My main goal stays as usual on my FX contests - keep the acc running and be profitable.
My predictions are:
  1. GBP depreciates if Brexit issue advances
  2. GBP rebounces fast if British resign from Brexit anyhow
  3. EUR likely depreciates together with the pound
  4. Gold gets higher prices this month too - buy after correctional movements. Not only Brexit supports gold rices rising
  5. Silver will follow gold, with more volatile movements though
  6. ZAR might be a good carry, same with NZD (different reasons and correlations with those two)
  7. AUD might do for daytrade, but not the best carry due to several rate cut plans
  8. JPY is unpredictable yet unless something new & bad happens it should slowly depreciate
  9. CHF should be depreciating in long and medium term.
Good trading pairs will be:
  • EUR/AUD
  • EUR/NZD
  • EUR/USD
  • GBP/NZD
  • GBP/USD
  • GBP/AUD
  • NZD/JPY
  • NZD/CHF
  • USD/CHF
  • XAU/USD
  • XAG/USD
  • Moves should not be brutal unless some breaking news connected to Brexit or terrorists come out.
  • Happy trading!
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