Random guess on GBP

F

farmerjohn1324

I mentioned trying to trade based on hunches I have about the economy. So a few hours before Brexit a few days ago, I put about $10,000 of fake money in 16 currency pairs betting on the GBP. (Total $160,000). So far I'm losing on every single one, but it's only been a few days. I'm down about $47,000 of the $160,000.

Despite how random this seems. There's something about this kind of "trading" that seems more real to me than analyzing indicators. But I'll do what works (if anything).
 
danielc1 said:
This kind of trading is called gambling.
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How is it any more gambling than day trading?

For all I know, I could end up being correct if I wait. But in real money, I would never have that amount of money to tie up like that on a hunch.
 
danielc1 said:
Any kind of trading without the work and a plan is gambling.
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Work? I've educated myself about the economy for years. That's why it's still so frustrating that my odds are still no better than a coin toss.

Looking more closely, GBP had a run up leading up to Brexit, then fell after.

It's not like there's a school you can go to to learn about this.
 
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