When I was a full time currency strategist my job was to identify trends, trades and make forecasts about the direction of currencies, particularly the Aussie dollar against the US dollar and Aussie dollar on the crosses against the Yen, Euro and Pound.
On top of this I was expected to do the same for the major currencies, the Canadian dollar, Kiwi dollar, and basically any other market that might come up when talking to clients.
Every Trader should keep the stops tight and be patients to watch big moves.
