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The choice of currency pairs to trade.
Refunds: 1
Uploaded: 18.02.2006
Content: 60218235235707.rar 23,81 kB
Product description
When choosing a currency pair to trade do not take into account any reasons other than practical. I am always surprised when I see that some traders choose the currency pair for speculative trading based on patriotic or geographical reasons. I noticed that a lot of traders from Australia, for example, mostly trade AUD or NZD against the USD. New Zealanders, Canadians, French and others often choose to trade currencies of their countries. They trade their currencies against the US dollar or other currencies against the neighboring countries of this geographical region. Nevertheless, it seems to me that the main objective of participation in this business is not to certify our patriotic feelings and pride, but to get the most profit. From the point of view of a speculative trader, patriotic geographical approach to the choice of currency pairs for speculative operations on FOREX can not be considered reasonable and justified. Choosing a pair of currencies to speculative transactions must be made on the basis of certain parameters, and patriotism and place of residence - not among them.
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