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Veksler on FX: When walking away makes sense

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March 04, 2015 accumen management, accument, aud, bank of canada, boc, business, content, currencies, currency, currency pairs, eur, euro, euro dollar, eurozone, eurusd, finance, foreign exchange, forex, forex trading, fx, fx market, fx trading, governor bank of canada, how to trade, how to trade fx, ken, ken veksler, liquidity, markets, news, open positions, owen thomas, poloz, positions, saxo, saxo bank, saxo tv, stephen poloz, strategies, strategy, trading, trading dangers, trading floor, trading strategy, tradingfloor.com, tv, tv content, tv news, veksler, video, video content
If you're a medium to long-term FX trader, you would be forgiven for feeling distinctly frustrated right now. That's according to Ken Veksler, the MD of Accumen Management. With a distinct lack of liquidity and a market looking for the next big thing, there can be a real temptation to trade just for the sake of it - and trading out of boredom can have pretty disastrous consequences.
Ken looks at some major currency pairs and tells us why it's so difficult to have firm convictions. He also reveals that he currently has no open positions right now and for a very good reason.