Let’s talk about trading currency pairs as USDSEK, USDMXN, USDZAR, USDTRY, USDRUB,
USDNOK (Norwegian krone, the Russian rubble and the South African rand can still be regarded
as a commodity currencies).
Or do you prefer the major currency pairs EURUSD, GBPUSD,
USDJPY, USDCHF, and commodity currencies AUDUSD, NZDUSD, USDCAD.
If you overlook the exotic currencies trading, you are depriving yourself of additional profit
opportunities in the FX Market.
Before sitting down to write this article, I’ve asked myself if I’ll be able to explain in accessible
language, how to trade exotic currencies and get profit, to a newcomer who makes the first steps in
the trading business?
At first glance it is not an easy task. But history shows that success in trading is possible with two
components, simplicity of the method and proper risk management. So let’s give it a try!!!
I’m sure that confident and experienced traders will glean a bit of useful information as well.
I am convinced that each currency has its own behaviour, and you can even say character.
One currency can be described as capricious - EURUSD, leisurely - EURCHF,
Determination which can be attribut…
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