In this video, you will learn about taking advantage of a CFD broker to observe global correlations. By using a standard forex broker, you may not be able to compare markets which are correlated to each other. If you want to play the Canadian dollar and the Mexican Peso, you need to look at the Crude Oil markets. The New Zealand exports milk. So, you need to take advantage of a CFD broker and find out trading opportunities by observing the correlation.
Look at this AUD/USD pair. Australia is an exporter of gold. Also, look at this gold chart. Initially, the AUD/USD pair moves sideways. Then it shows a false breakout to the upside, and then fall downwards. This is not seen immediately in the gold chart, but it acts similarly. So, if you have missed out the trade in the AUD/USD pair, then you can short gold, and utilize the trading opportunity.
So, by using a CFD broker, you can observe interesting correlations in the global markets, and use it to your advantage.