For a long time, I've stuck to the majors. Recently, I've been looking into trading the more exotic pairs. Sure, some have higher spreads, but there's also a lot of predictable movement. It seems that the lack of attention provides us ample opportunity to profit, or at least hedge our risk.
For my first trick, see the graph of the USD/CNY (the Chinese Yuan). The Yuan has been killing the dollar for the past year or so. Practically any entry short over the past year would have made significant profits.
Has anyone had a positive experience trading exotics? What pairs specifically?
For my first trick, see the graph of the USD/CNY (the Chinese Yuan). The Yuan has been killing the dollar for the past year or so. Practically any entry short over the past year would have made significant profits.
Has anyone had a positive experience trading exotics? What pairs specifically?