FOREX THEORY

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How to Trade Fundamentals With Currency Crosses

If strong economic data comes out of Australia, you might want to look at buying the AUD. Your first reaction might be to buy AUD/USD.

But what if at the same time, recent data also show the United States experiencing strong economic growth? Price action of AUD/USD may be flat.

One option that you have is to match the AUD against the currency of an economy that isn’t doing so well…. Hmmmm… what could you do?

Ah! Thank the forex gods for currency crosses!

Let’s say you did some analysis, checked the BabyPips.com economic calendar (shameless plug!) or Pip Diddy’s daily economic roundup (another shameless plug!) and you notice that the Japanese economy isn’t doing so good right now.

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This is a real time 100% MONEY BACK GUARANTEE SYSTEM for Serious Traders who want to generate consistent profits with the guidance of strategies and  signals given by Dr.Hari & Dr.Vani through SMS. SSL FXGURU started its services and published its website, blogs and social media pages and groups with only ONE AIM for ALL  and that is:

SSL FXGURU will create 1 Million Millionaires Around The World by 2020 by trading FOREX and each Millionaire will donate 10% of the Profits to Charity.

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Be Careful Trading Obscure Currency Crosses (Part 2)

You don’t want to get stopped out by those nasty spikes, do you? That’s why most forex traders usually put wider stops when trading these pairs.

But judging from the choppy movement of obscure crosses, it would really be tough to catch a good trade on these pairs. Unless you’re a currency cross guru like Cyclopip, of course!

See what we mean?

Also, since these currency cross pairs aren’t traded too much by forex traders, the spreads on these pairs can be pretty big.

If you want to trade these currency crosses, just be ready for some wild price swings and be willing to pay the price of the massive spread!

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Be Careful Trading Obscure Currency Crosses (Part 2)

That’s because most forex traders would rather hang out with the cool crowd than the obscure crosses!

We’re talking about really weird combinations like AUD/CHF, AUD/NZD, CAD/CHF, and GBP/CHF. That’s why we call them obscure crosses (duh!).

Trading in these pairs can be more difficult and riskier than trading euro or yen currency crosses. 

Since very few forex traders trade them, transaction volume is much lower resulting in lower liquidity.

Due to the illiquid markets for these crosses, their prices can become quite volatile, so being stopped out on whipsaws can become a common occurrence.

Check out these screenshots of AUD/CHF and GBP/CHF:

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Be Careful Trading Obscure Currency Crosses

While the euro and yen crosses are the most liquid crosses, more currency crosses exist that don’t even include the U.S. dollar, euro, or the yen! We’ll call these the “Obscure Currency Crosses”!

If we were in school – come to think of it, we actually are in school! – the major pairs would be the jocks while the obscure currency crosses would be the eccentric emo kids or hipsters.

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WHO ARE WE?

Welcome to SSL FXGURU. Our mission is to provide the highest quality Forex services for traders. 

We pride ourselves with excellence in Forex education and as providers of Forex signals and mobile alerts. We will help you to make your money but you must promise to do 3 things:

Trade only with our signal following our money management and risk management techniques.

Send in your monthly statement to us to help you monitor your account to avoid over trading and margin call.

Donate 10% of your profit with every withdrawal you make and mail us your receipts as we will help you make at least USD300,000.00 in 10 years.

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Trade Interest Rate Differentials (Part 3)

For example, take a look at the nice uptrend on AUD/JPY. If you had a long position on this pair, you would’ve made a hefty profit.

On top of that, the interest rate differential between AUD and JPY was huge. From 2002 to 2007, the Reserve Bank of Australia had raised rates to 6.25% while the BOJ kept their rates at 0%.

That means you made profits off your long position AND the interest rate differential on that trade!

Now that’d be an awesome cash cow right there!

Later on in college (if your brain hasn’t exploded with all this forex knowledge by then), we’ll teach you more about carry trade. We’ll teach you which ones will work and which ones won’t. We’ll even teach you about a lil’ something called risk aversion. But that’s for a later lesson.

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Trade Interest Rate Differentials (Part 2)

Currency crosses offer many pairs with high interest rate differentials that are prime for these types of trades.

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Trade Interest Rate Differentials

By selling currencies whose country has a lower interest rate against currencies whose country has a higher interest rate, you can profit from the interest rate differential (known as a carry trade) as well as price appreciation.

That’s like being able to get a frosted cupcake with sprinkles on top! That talks to you! Imagine how delicious that would taste!

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Currency Crosses Are Trend-y (Part 2)

The day to day economic activities of the U.S. can keep U.S. dollar based currencies such as EUR/USD (above) from making smooth trends.

Conversely, we can see that during the same date range, cross currency EUR/JPY made a much, much smoother ride to the top. This was probably due to less spikes that came from U.S. data. So as you can see, both charts showed the euro rise during the same time period, but the one without the U.S. dollar (EUR/JPY) made for a much easier trade.

Our resident currency cross monster Cyclopip caught a hundred pips by riding EUR/JPY’s trend. 

Check out how caught that move!

If you are a trend following kinda dude, then currency crosses may be easier to trade than the major pairs. It will be easier for you to spot the trend and be more confident in your entry points because you know that these technical levels hold more than they do for the majors.

In the next section, we’ll discuss how playing with currency crosses can also allow you to take advantage of the interest rate differentials. Now that’s like a cherry on top of a sundae!

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Currency Crosses Are Trend-y

a majority of the forex market will deal with the U.S. dollar, you can imagine that many of the news reports will cause U.S. dollar-based currency pairs to spike. The US has the largest economy in the world, and as a result, speculators react strongly to U.S. news reports, even if it doesn’t cause a huge fundamental shift in the long run.

What this means for your charts is that you will see several “spikes” even if there is a trend Emerging. 

This can make it harder to spot trend or range indications.

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WHAT ARE YOUR RULES?

The rules are outlined as below:

1. Trade with our Broker account to enjoy GREAT SAVINGS in SIGNAL price monthly.

2. Open an account not less than USD1,000 and not more than USD5,000 and we will help you grow your investment to USD300,000.00 or Money Back Guarantee.

3. Follow exactly our Money Management and Risk Management Methodology and System.

4. From every successful withdrawal of profit, kindly donate 10% of your profit to Charity and mail us the receipt. “With a noble attitude and behavior,  all impossibilities will be made possible.”

5. Send us your trading statement on a monthly basis so that we can help you keep an eye on your account and advice you on how healthy your account is and guide and coach you on your withdrawals.

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Why Trade Currency Crosses? (Part 3)

Currency Crosses Provide More Trading Opportunities

Instead of just looking at the seven “major” dollar-based pairs, currency crosses provide more currency pairs for you to find profitable opportunities!

By trading currency crosses, you give yourself more options for trading opportunities because these currencies are not bound to the U.S. dollar, thus possibly having different price movement behaviors. So while the majority of the markets will only trade on anti-U.S. dollar or pro-U.S. dollar sentiments, you can find new opportunities in currency crosses.

Just check out Cyclopip’s Currency Cross-Eyed blog and you’d realize that crosses present a huge potential for catching plenty of pips!

For example, all the dollar-based pairs might be trading sideways or in some uglier fashion where it would be smart to just sit on the sidelines and wait for better trade setups, but if you knew to switch your charts to look at currency crosses, you might just find trading opportunities galore!

Be different! The majority of traders just trade the majors. Now you can be part of the minority that trade currency crosses.

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Why Trade Currency Crosses? (Part 2)

You can see that by trading any of the 7 most popular currencies, you are basically taking either an anti-U.S. dollar or pro-U.S. dollar stance. This one speculation affects these pairs in almost the same way across the board.

Conversely in the stock market, traders have multiple companies to choose from and are not bound to one major speculation idea.

With stocks, you can see that even though the overall market was positive, there are still plenty of other trading opportunities. There isn’t just one kind of speculation that affects the entire basket of stocks. (Continue next week)

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ANY GUARANTEED RETURNS?

We give you a Money Back Guarantee when you take our package and trade with our Terms And Conditions. Our Objective is to help you make USD300,000 from a capital of USD3,000 or your Money Back. We will be your Forex Coach from the very beginning and give you the guidance, support and motivation till you make your USD300,000.

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