Is following the medium-long term trend the best way to spread bet currencies?
I just have a curious question on spread betting the foreign exchange markets or forex and if the best way to trade it is by following the medium-term to long-term trend, i.e. a few weeks to a few months? Is this the best way to trade it as this is what I did with my practice account and gained 426% in 2 weeks? Is this the best way to go about it as I know currencies usually trend long-term? Please help/advise. Thanks.
Related posts:
- Whats better to trade FX with out of options, spread betting or spot trading? Whats best for UK resident? Currently at the time of writing I am 18 years of age and I have been practicing stock, commodity and currency trading in several different...
- Why has the Aussie dollar fallen so much in the last 2 weeks and where will it go in the short & medium term? The Aussie Dollar has fallen well over 10% against the British Pound in the last couple of weeks. While commodities have taken a hit surely...
- How do I identify potential forex spread betting opportunities, i.e. what fundamental/technical details……? I am 18 years old have been practicing and reading about spread betting for months now and I’ve discovered I’m best at trading currencies with...
- In your opinion what is a better way to trade currencies for a living; spot-forex or currency options? Also…? I am 18 years old and I have been practicing spot-forex trading for several months now with FX Club and I am quite good at...
- which of these markets are more volatile in the short-term? a) commodity markets, or b) foreign exchange markets? I’m inclined to think the forex market (b) is but I’m not sure? Extra tags: 70 dollars...
Tagged with: bet • curious question • foreign exchange markets • Forex Questions • medium term • practice • term • term trend • trend
Filed under: Forex signals

There is no definite timeframe – some traders trade on a short timeframe, others like me prefer to take advantage of long term trends lasting for weeks/months. What is important is that you have a system and are sufficiently disciplined to stick with it. As for gaining 426% in 2 weeks on your practice account it implies that you are taking very big risks and you would probably trade differently when hard money is on the line…