Hi everyone. I’ve been doing very well only trading GDP/USD for the last year. I have no experience trading any other pairs and its served me well. However, recent news is showing that Britian is trending toward the same mess that the US is in and some analyst are even saying that the cable could underperform the dollar?? Which I didn’t think was possible;) Anyway,the whole point of currency trading is to put a good economy against a bad economy. It now seems that the GDP/USD is betting two bad economies against each other. Can anyone suggest which pairs fit more of a good economy vs a bad economy? I’m considering EUR/USD or JPY/USD. I really want to continue to exploit making money off of the weak dollar and US turmoil, but I’m seeing that the sterling is not the way to do it anymore. No crosses for now. Thanks in advance for your thoughts:o PIPBULL
You cannot trade JPY/USD (at least I haven’t seen a major broker quoting it that way). It’s USD/JPY. Big difference.
I’ve been trading the USD/JPY alot recently.
Good economy against bad economy, I would suggest you trade USD/JPY for now.
Thanks for your input. I’m told the usd/jpy is much more volatile than the gbp/usd? It ranges 200 pips either way everyday, is that correct? Thanks again. PIPBULL
USD/JPY has been quite active lately, but to say that it’s always more volatile than GBP/USD would be incorrect. When looked at over time it tends to be that % changes average out to very comparable levels across the major pairs.