Why Trade the GBP/JPY?
| Why just the GBP/JPY currency pair? Does it have good trend properties, bad trend properties, that fit the suggested trades we are doing? Did you ever hear the expression "Jack of many trades and master of none?" All instruments; stocks, futures contracts, and currency pairs each have their own 'personality'. In order to learn the personality of the instrument you are trading you need to focus on it and only it. If your attention is spread over a multitude of currency pairs you are not going to master any of them. The GBP/JPY is a great trading pair. It's daily range is the largest of all currency pairs, it is always moving and traders thrive off of volatility, and because this is the major Carry Trade pair it is usually in a trend; an up trend when the Carry Trade is in favor and a down trend when it is unwinding. Because the GBP/JPY is always moving it makes it a great trading pair for our Anomaly and Speculative trading methods and because it is a pair that tends to trend is perfect for the Conquer which just explodes during trending periods. You can learn more about the gbp/jpy and follow along on my forex blog Forex Trading Life. |
 | |  | |  | |  |
 |
 | |  | |  | |  |
2005-2008 JCL Capital Inc
©
 | |  | |  | |  | |  |