Is Mean-Reversion In Real Exchange Rates A Smart Value Strategy For FX?
Is mean-reversion in real exchange rates an avalue strategy for FX?
Value investing, as defined by the creators of the style, Benjamin Graham and Warren Buffett, is a long term equity investment strategy based on a rigorous analysis of a company’s prospects and equity valuation.
And as value sits at one end of the investing spectrum, foreign exchange sits at the opposite end. Currency trading is a market dominated by high-speed trading, where fundamental . . .
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