January 25, 2011
Making Money From Forex Trading Without Trading The Dollar Pairs
The vast majority of people who trade forex tend to focus predominantly on the dollar pairs. These include the GBP/USD, EUR/USD, USD/JPY and USD/CHF pairs. However there are a few other good pairs to trade that don't involve the dollar at all such as the EUR/GBP, GBP/JPY and AUD/NZD pairs. However today I want to talk about another pair - the CHF/JPY, ie the Swiss Franc against the Japanese Yen.
I don't actually trade this currency pair myself, but Adam Hewison, the co-creator of Marketclub, has just created a short video discussing how he has traded this pair in the last year using his proprietary trading signals.
What's interesting is that this pair traded in a broadly sideways trading pattern last year, but despite this his trading signals still managed to generate 5 winning trades out of 7 and a total profit of 862 pips. He did all this just by following his weekly trading signals and used no other technical indicators at all.
If you would like to check out this free video for yourself, you can do so by clicking here.