Any Active Forex traders?

[DJ-Sound]

Anyone active forex traders? Anyone throw me some advice for automated systems? I know of a few leverged automated systems but I have my doubts.

 

[Zeeble]

Well, I don't know a great deal about Forex trading. But as I do study Economics, I know that an automated system would be very dodgy...

I mean, an automated system can only take trends into account rather than other factors such as interest rate changes, inflation tracking.

My advice is, just watch the news, look out for inflation (first sign of interest rate rises), and start sticking your money in there.

For example, if I was a Forex trader, I would start sticking my GBP into USD right now. US inflation is going up, interest rates are most likely going to go up, and it is also likely that interest rates in the UK are going to go down. So in 6 months I could have made some tidy cash.

(explanation: When interest rates go up in a country, generally that currency will get stronger as people change other currencies so as to take advantage of interest rate rises (e.g. stick your money where the highest interest rates are))