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Acting on My 2020 Forex Forecast

January 2, 2020 by

As the tradition goes, I am not just giving my FX forecasts for 2020, I am also taking live trading positions based on these predictions. As before, the positions are entered using binary options of Ends Between type at the Binary.com broker. I took trades in six currency pair (EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, and USD/CHF) and gold. Unfortunately, due to position size restrictions I had to downsize my positions this year compared to 2019.

Binary option trades based on my 2020 FX foreacast

The above-listed positions cover nearly all main financial instruments items from my 2020 forecast. They omit NZD/USD, oil, and interest rates. The former two are not available for Ends Between binary options type at Binary.com, while the interest rates are totally absent from their trading platform.

Judging by the option purchase prices, my most likely bets are EUR/USD and USD/CHF with the most risky call being my prediction for gold to fall in 2020.

If you want to share some ideas on how Forex traders can monetize their currency forecasts for the year 2020, please feel free to post your comments using the form below.

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