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- W2506677564 abstract "A very useful way for the forex trader to make a directional decision on a forex option trade is to tap into the opinions of the “gurus.” Survey opinion is an established method for forecasting economic direction. Governments all over the world and authoritative economic institutions use it. The ability to access expert research and opinion by the average trader is easier now than ever before. Finding expert forecasts and using them to shape forex trades and option strategies is a more effective methodology than just relying on one's own judgment. The trader should use expert opinion to develop alternative scenarios. Thus, this chapter highlights some of the sources of “guru” opinion. In addition, the forex option trader needs to keep in mind that forecasting accuracy on forex price movements is really about accuracy in a given period of time. One can be very accurate predicting a key decision of the central banks for the next day, but as the forecasting period extends into the future, uncertainty becomes a factor and forecast accuracy is very uncertain." @default.
- W2506677564 created "2016-08-23" @default.
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- W2506677564 date "2012-01-02" @default.
- W2506677564 modified "2023-09-23" @default.
- W2506677564 title "Using Experts to Shape Trading Decisions" @default.
- W2506677564 doi "https://doi.org/10.1002/9781119203667.ch6" @default.
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