hey guys how do yall trade the minor currencies or the exotics … do you guys just trade them by the technicals or do you guys just stay away from them … i cant seem to find any fundamental reports on any of them
Hello Tank
Are you new to FX trading ? If so it’s better to trade with majors as lower spreads and good liquidity.
I generally stay away from them. Technicals aren’t as strong due to lesser liquidity, and the high spread makes trading them very expensive.
Actually in this situation i just try to trade with technical strategy.
I am agrre with Adam Hardi.you can’t neglect technicals.Try to build up skill on technical strategy.
Spreads on exotics can be trade killers on short timeframes. It is my opinion that you need to know what is going on for longer term trades such as long swings (weeks) or position trades (months). For that, you need a good grounding in fundamentals (so that leaves me out – for now).
The gaps, flat-lining trends and sudden surges confuse me to no end so I just stay away from them altogether. I am sure there are decent enough exotics traders out there but I have a hard enough time keeping up with the majors the crosses.
nah iv been trading for awhile … just not live yet … im a long term trader ( i use monthly charts) an you can clearly see the trend and where its going and the technicals line up on the chart but im more of a fundamental trader … just does’nt seem that there is much info about them
yea they don’t produce the fundamental analysis that they do with the major pairs
Hey tank. Maybe this link would help. The whole section basically tells you all about unpopular pairs and how you can trade them. Hope this helps. Obscure Crosses | Currency Crosses | Learn Forex Trading