Not all traders are channeling experts. It can be tough to trade a market within a tight range. From a performance perspective, both professional and retail accounts are struggling to manage the current market environment. The market looks like it will be digging its "heels" deeper into this channel as inflation from both the UK and the US were on the rise today. This makes interest rate hikes across a few of the majors more likely in the short term.

This is preventing me from drawing a firm conclusion about which of the most popular majors are likely to trend in the near term. Besides looking at neutral strategies like the one we discussed in the last video, I think it is time to revisit some of the outlying opportunities in the forex. Looking beyond the EUR/USD reveals some interesting opportunities to find trends and breakouts in the near term. To illustrate my point, I will show you three possible trades I am evaluating right now.

In addition to looking for ways to use current fundamentals and news in some of the less-frequented pairs in the forex, this is a good opportunity to talk about how to implement some diversification into your trading as well. During periods of market volatility and bearish investor sentiment, the benefits of diversification increase.

Comments

Add New

Write comment
Name:
Email:	do not notifynotify
Title:
	Please input the anti-spam code that you can read in the image.

Comments deemed inappropriate will be removed

3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."