Question trading all major basket at once

[tarigeltayeb]

Dear Trader 

anybody tried the strategy of trading all 7 major currencies at the same time placing  buy or sell only??

best

[Yohana Parmi]

tarigeltayeb:

Dear Trader 

anybody tried the strategy of trading all 7 major currencies at the same time placing  buy or sell only??

best

That's only good when the market is sideways (ranging) 

^̮^

[[Deleted]]

That's only good

[Boyan Taksirov]

tarigeltayeb:

Dear Trader 

anybody tried the strategy of trading all 7 major currencies at the same time placing  buy or sell only??

best

This means for a trader to trade the currency index of one currency. The currency index chart is the same level undetermined as a currency pair chart, at least most of the time, when there are not any fundamentals.

I personally use currency index to pick which currency pairs to trade - I try to avoid currencies having a negative correlations in their currency indexes, but still try to combine these going up against these going down.

So, from my point of view, the matter is not to trade all, but which.