Currency Crosses Provide More Trading Opportunities.
Instead of just looking at the seven “major” dollar-based pairs, currency crosses provide more currency pairs for you to find profitable opportunities!
By trading currency crosses you give yourself more options for trading opportunities because these currencies are not bound to the U.S. dollar, thus possibly having different price movement behaviors.
So while the majority of the markets will only trade on anti-U.S. dollar or pro-U.S. dollar sentiments, you can find new opportunities in currency crosses.
For example, all the dollar-based pairs might be trading sideways or in some uglier fashion where it would be smart to just SIT on the sidelines and WAIT for better trade setups
But if you knew to switch your charts to look at currency crosses, you might just find trading opportunities galore!
Be different! The majority of traders just trade the majors.
Now you can be part of the minority that trade currency crosses.
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