Is USD MXN worth trading?

Hi, Just curious. Is USD MXN worth trading? Or is it too volatile?

Depends on your time frame. Probably too expensive in terms of bid/ask to day or swing trade regularly.

I’d play it safe and look to short in that 19-20 pesos range. The dollar’s looking to make a correction sometime soon towards that level, imo. But, if it can even to 20, I don’t see any head room beyond that. I’m waiting for the overreaction that’s bound to happen.

I’ve reviewed trading minors like USD/MXN but the minimum stake size (spread-betting) means a TA-derived stop-loss would invariably cost me too large a %age of my account, so it becomes unaffordable. Of course, I could use a money-derived stop-loss, say minus 30 pips, but that’s not TA, its just stick a finger in the air and guess.