Pairs trading in groups - Question

Hey everyone,

Everything is getting along good in the forex world, but I just had a question for people who are trading at certain times of the day. I notice that pairs which have common currencies between them trade in the same direciton eg. AUD/USD goes up, AUD/JPY goes up. Of course that is true because if the AUD went up then they would also go up etc. So I was wondering if there is any benefit in trading two pairs which involve the same currency. If you were to pick trends, would it not be better to choose say EUR/USD and AUD/JPY?

Thanks everyone!

Take a look at this webpage Using Currency Correlations To Your Advantage it may help.

That’s a really good article!! Thanks a lot!