FOREX THEORY
Be Careful Trading Obscure Currency Crosses (Part 2)
You don’t want to get stopped out by those nasty spikes, do
you? That’s why most forex traders usually put wider stops when trading these
pairs.
But judging from the choppy movement of obscure crosses, it
would really be tough to catch a good trade on these pairs. Unless you’re a
currency cross guru like Cyclopip, of course!
See what we mean?
Also, since these currency cross pairs aren’t traded too
much by forex traders, the spreads on these pairs can be pretty big.
If you want to trade these currency crosses, just be ready
for some wild price swings and be willing to pay the price of the massive
spread!
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