I'm wondering, if you were to only trade 5-10 currency pairs, which would they be? I find there is way to much overlap and similar movements (ie. usd/jpy and cdn/jpy) by watching 20 or so pairs, and want to narrow down my focus. I am looking for a diverse group of pairs which function as independently as possible.
Also, is comparing a county's currency to the USD always the best way to gauge the direction of a country's currency (ie. USD/JPY, EUR/USD, CDN/USD)?
Thanks CH
Also, is comparing a county's currency to the USD always the best way to gauge the direction of a country's currency (ie. USD/JPY, EUR/USD, CDN/USD)?
Thanks CH