Hello Traders!
I just watched John Kicklighter’s strategy video for today, wherein he concentrates on discussing the advantages and rationale behind trading a synthetic pair versus two separate related pairs (e.g. CAD/JPY and AUD/CAD+AUD/JPY):
Forex Strategy Video: Why Trade AUDJPY over CADJPY and USDCHF over EURUSD? | DailyFX
I recommend this instructional video if anybody is unfamiliar with synthetic pairs and wants to know how it all works!
PS - John Kicklighter is Chief Strategist at DailyFX.com, following Kathy Lien (most of you will know her work)…
Enjoy and…happy trading!