I had an interesting discussion with a friend about longer-term FX plays, mainly 6-12+ months and it reminded me that something I always like to keep in mind is:
- When you are playing longer time-frames, you should always keep in mind ‘interest’. I feel a lot of traders tend to overlook this, you have a choice to ‘pay’ or ‘earn’ interest. Furthermore, due to the beauty of correlations, you can usually find a way to play your views AND earn interest.
Just a thought… 😉