I've been looking for info on this subject since Enivid posted about the USD Index last year.. I just didn't know what it was called. Well, I was slummin' in so other forums and found "Basket Trading."
I can say this, it's not the easiest thing to learn, especially off forum posts. However, it IS doable! I've just finished my first basket trade with $952 banked, an overnighter.
If you're interested, you can Google "Forex Basket Trading Strategies." There are two concepts floating around. I went with the "T101" method. So, I've got the 8-pair setup down. Today, I work on learning the 14-pair setup.
Basket trading is not for newbies. Why? Experience shows when you trade the basket. It's a required piece of the puzzle. Setting up the basket was the hard part for me.
If you've been around for a while (and know your MT4), check it out.
I can say this, it's not the easiest thing to learn, especially off forum posts. However, it IS doable! I've just finished my first basket trade with $952 banked, an overnighter.
If you're interested, you can Google "Forex Basket Trading Strategies." There are two concepts floating around. I went with the "T101" method. So, I've got the 8-pair setup down. Today, I work on learning the 14-pair setup.
Basket trading is not for newbies. Why? Experience shows when you trade the basket. It's a required piece of the puzzle. Setting up the basket was the hard part for me.
If you've been around for a while (and know your MT4), check it out.