Crosses Present More Trading Opportunities
Over 90% of the transactions in the forex market involve the U.S. dollar. This is because the U.S. dollar is the reserve currency in the world. You may be asking yourself, “Why the U.S. dollar and not the sterling, or euro?”
Most agricultural and industrial commodities such as oil are priced in U.S. dollars. If a country needs to purchase oil or other agricultural goods, it would first have to change its currency into U.S. dollars before being able to buy the goods. This is why many countries keep a reserve of U.S. dollars on hand. They can make purchases much faster with Greenbacks already in their pocket.
Countries such as China, Japan, and Australia are examples of heavy importers of oil, and as a result, they keep huge reserves of U.S. dollars in their central banks. In fact, China has almost a trillion U.S. dollars in its reserve stockpile!
So what does this all have to do with trading currency crosses? Well since most of the world is glued to the U.S. dollar, a majority of trading speculation will be based on one question:
“Is the U.S. dollar weak or strong today?”
This one question will affect many of the most liquid currency pairs:
The majors: GBP/USD, EUR/USD, USD/CHF, USD/JPY
The commodity pairs: AUD/USD, USD/CAD, NZD/USD
Notice that all of these pairs are tied to the U.S. dollar. This doesn’t give a trader many options when most of their trading decisions are based on this one speculation.
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.
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 trades the crosses.
Pingback: used car buying guide
Pingback: used car buying guide
Pingback: used car buying guide
Pingback: Para Ma
Pingback: window cleaning in se21
Pingback: Cute Clothes for Teenage Girls
Pingback: Anti-Aging
Pingback: how to stop cats
Pingback: lvn jobs
Pingback: Cracked Teeth Prevention and Repair
Pingback: internet marketing
Pingback: solicitor
Pingback: ShaveNoMore
Pingback: Treatments for ADHD
Pingback: Fleshlight
Pingback: Katelyn Hauser
Pingback: free online coaching
Pingback: luisa via roma
Pingback: online jobs
Pingback: Wealth Management
Pingback: review management
Pingback: gloves that work with iphone
Pingback: qr codes
Pingback: homes in draper utah
Pingback: Air Conditioning
Pingback: carpet cleaning York PA
Pingback: Atlana Valet Parking
Pingback: eurojackpot
Pingback: pregnancy right after miscarriage
Pingback: ebook store
Pingback: fiber to the home construction
Pingback: Milton Keynes Escorts
Pingback: make chicken nuggets
Pingback: best outdoor toys for boys
Pingback: Chiropractic with Guaranteed Results
Pingback: plumbers brighton
Pingback: raspberry ketone
Pingback: african mango diet
Pingback: hcg diet
Pingback: autism treatment
Pingback: penny auction script
Pingback: offers in Thessaloniki
Pingback: Vineyards Naples FLA
Pingback: buy ephedra
Pingback: Registry Cleaner Comparison
Pingback: backlinks service
Pingback: orlando web design
Pingback: ultimate autism solution review
Pingback: baby shower invitations
Pingback: How To Build A Downline
Pingback: favours for weddings
Pingback: venue hire sutton coldfield
Pingback: wholesale quick cash loan
Pingback: Escort girl Paris
Pingback: Love Lucia Bakery
Pingback: Click Here
Pingback: Website
Pingback: Private Krankenversicherung Vergleich
Pingback: how to gain weight
Pingback: chasing pace
Pingback: team
Pingback: free smoke blend
Pingback: visit site
Pingback: solar energy
Pingback: make my penis larger
Pingback: autobloging
Pingback: unemployment advice
Pingback: Force Factor Testx 180
Pingback: continue reading
Pingback: auction winning strategies
Pingback: lawyers
Pingback: more information
Pingback: Business Valuation
Pingback: jan marini glycolic peel
Pingback: civil engineering birmingham
Pingback: Porn
Pingback: ceiling track hoists
Pingback: back pain in pregnancy
Pingback: guide to medical supply stores
Pingback: resort wear
Pingback: chain saw reviews
Pingback: two piece electronic cigarette
Pingback: small electronic cigarette
Pingback: Chaya Backenstose
Pingback: Alton Pinkney
Pingback: auto insurance quotes
Pingback: vip club vegas
Pingback: photo stand
Pingback: tata indicom broadband
Pingback: driver recruiting
Pingback: how to grow penis
Pingback: Latino PR Company
Pingback: Latino PR Agency
Pingback: torasen office furniture
Pingback: removals guildford
Pingback: food label translation
Pingback: success
Pingback: ipad
Pingback: herniated disc
Pingback: best payday loan
Pingback: vehicle lettering
Pingback: Website Design London Ontario
Pingback: discount auto financing for bad credit
Pingback: inductors
Pingback: Medical Clinic Englewood Colorado
Pingback: Botox Denver Colorado
Pingback: healing cold sores
Pingback: open in a new browser window
Pingback: lawyers
Pingback: hawaii insurance companies
Pingback: discount best credit card debt help
Pingback: cheap loose man boobs
Pingback: nonprofit jobs chicago
Pingback: random facts
Pingback: instant loan
Pingback: here
Pingback: colored contacts
Pingback: Pension
Pingback: by clicking here
Pingback: Que es el HCG
Pingback: link
Pingback: czekoladowe fontanny
Pingback: Click here
Pingback: free online games for girls
Pingback: challenge coins
Pingback: Riverside Chiropractic
Pingback: p
Pingback: cleaning services Cardiff
Pingback: window cleaners
Pingback: help with jailbreak iphone 4s
Pingback: bridgeport
Pingback: czekoladowe fontanny
Pingback: l
Pingback: Bridgeport oregon
Pingback: cheap tickets theatre
Pingback: real time analytics
Pingback: Buy Facebook Fans
Pingback: live football streaming
Pingback: penny auction
Pingback: Painting Company Marietta
Pingback: edi outsourcing
Pingback: No No Hair Removal
Pingback: quality the pebble
Pingback: generator maintenance
Pingback: drug rehab centers
Pingback: the guide to rottweiler puppy
Pingback: dating in thailand
Pingback: research car refinance
Pingback: website optimisation brisbane
Pingback: select comfort beds
Pingback: uk seo review
Pingback: discount free no download casino games
Pingback: research alkaline water machine
Pingback: check out my lose weight blog
Pingback: diet and exercise plan
Pingback: free online dating
Pingback: storage ftp
Pingback: running clothing for women
Pingback: beverage cooler
Pingback: swix kick wax
Pingback: divorce lawyers leeds
Pingback: Caravan Insurance
Pingback: Domain host
Pingback: bad consolidation credit debt loan
Pingback: commercial quote life
Pingback: Lake Huron cottage rentals
Pingback: increase breast size
Pingback: fatburning furnace
Pingback: the infographic
Pingback: dvd
Pingback: bicicletas clasicas
Pingback: new york bankruptcy lawyer
Pingback: pgivate inserate
Pingback: Trophies
Pingback: internet service agentur
Pingback: click here
Pingback: sizegenetics
Pingback: kado unik
Pingback: jobs online
Pingback: best hosting companies
Pingback: software keylogger
Pingback: investment calculator
Pingback: speeches for wedding
Pingback: Indianapolis Cosmetic Dentist
Pingback: money through blogging
Pingback: morrisons vacancies
Pingback: get air conditioning installation
Pingback: training a german shepherd
Pingback: hp pavilion dv6t coupons
Pingback: farm supplies
Pingback: quick personal loan
Pingback: hoodia
Pingback: easyloanfast.com
Pingback: get staten island kids activities
Pingback: swissdent
Pingback: debt reduction service
Pingback: here
Pingback: fast payday loans
Pingback: novelty contact lenses
Pingback: best singing program
Pingback: read about arizona auto insurance
Pingback: plndr codes
Pingback: doktorarbeit
Pingback: business forums
Pingback: realestatevancouver2010.com
Pingback: lil wayne green uggs boots
Pingback: Book of Ra
Pingback: corona physical therapy
Pingback: visit our site
Pingback: natural horsemanship uk
Pingback: http://www.springbreakeurope.fr
Pingback: Oahu Wedding Photographer
Pingback: stevie stone music video director
Pingback: research file hosting server
Pingback: sac lancel
Pingback: analysis
Pingback: renovatie keuken
Pingback: Granite Countertops Denver
Pingback: official link
Pingback: high quality computer repairs derby
Pingback: website
Pingback: fast personal loan
Pingback: Bet365
Pingback: liquid raspberry ketones
Pingback: Business Opportunity
Pingback: Mixtape cover designer
Pingback: breast enhancement gel
Pingback: Basement Finishing Denver
Pingback: Best Site Ever
Pingback: www.losangelesdentalarts.com/dentist-culver-city
Pingback: beste bonuser
Pingback: cambridge escorts
Pingback: Lawyers
Pingback: web traffic
Pingback: asiandating
Pingback: Boise chiropractic
Pingback: juegos para pc
Pingback: Accountants
Pingback: elmahdy
Pingback: weight watchers
Pingback: last minute flights
Pingback: the headlight bulbs
Pingback: fast payday loans
Pingback: here
Pingback: purchase now
Pingback: prep table
Pingback: insurance auto investigation
Pingback: descargar juegos para pc
Pingback: juegos para nokia c3
Pingback: golshifteh farahani
Pingback: Watertown NY Hotels
Pingback: resorts in Coorg
Pingback: handbags for cheap
Pingback: http://www.pvc-cladding.co.uk/plastic-cladding.php
Pingback: martial arts belts
Pingback: advance cash on-line
Pingback: source
Pingback: r and d tax credits
Pingback: CTEK Ladegerat
Pingback: Sex webcam
Pingback: Build MusclesBig
Pingback: stort urval av solglasögon online
Pingback: quick cash advance
Pingback: Social Bookmark
Pingback: follow us on twitter
Pingback: advertisers
Pingback: the fast loan
Pingback: san diego sheriff warrant
Pingback: types of healthcare fraud
Pingback: Location Villa Ile Maurice
Pingback: portugal madeira
Pingback: cheap postcards review
Pingback: online insurance ce credits
Pingback: new hampshire dental insurance
Pingback: expert gaming mouse
Pingback: hotels in Wayanad
Pingback: lithothamne
Pingback: red hives
Pingback: avafx
Pingback: sell gold
Pingback: baby convertible car seats
Pingback: Location Vacances Ile Maurice
Pingback: visit our site
Pingback: tutor perth
Pingback: plumber
Pingback: riverwood homeowners association
Pingback: everonit.com
Pingback: contractor accountants
Pingback: roulette systems
Pingback: seo nashville
Pingback: hostgator promo code
Pingback: Fat burning, super diets
Pingback: www.easyloanfast.com
Pingback: the link
Pingback: auto repair rochester ny
Pingback: division
Pingback: fire alarm testing
Pingback: view site
Pingback: full service chimney
Pingback: sponsors
Pingback: purchase budgeting advice
Pingback: pilots law
Pingback: Second Mortgage Ontario
Pingback: best jailbreak for iphone
Pingback: colored contact lenses for dark eyes
Pingback: free jailbreak iphone download
Pingback: jailbreak iphone free apps
Pingback: jailbreak iphone 4.2
Pingback: how to be assertive
Pingback: paintball
Pingback: kneeler
Pingback: paintball
Pingback: local marketing
Pingback: southlake pool service
Pingback: this website
Pingback: som anabolic muscle maximizer
Pingback: form to phone
Pingback: L5S1
Pingback: Awesome post! Hey, make sure you check out how I lost over 70 pounds:
Pingback: military solar power
Pingback: ppi claims calculator
Pingback: BoilX review
Pingback: like i said
Pingback: the quickest way to lose weight
Pingback: jailbreaking iphone 4 o2
Pingback: jailbreak iphone 4 price
Pingback: types of medicare
Pingback: car finance
Pingback: sex am telefon
Pingback: company web site
Pingback: car finance
Pingback: Airplane Games Review
Pingback: host ftp site
Pingback: make your own website
Pingback: best seo software
Pingback: formula for momentum