I afraid to try those pairs because of widening spreads and liquidity during openings and close. Still I sometimes open positions on USDRUB with Hotforex and it goes quite good.
Is it better to avoid Exotic currency pairs? Why?
- Thread starter RobRoss
- Start date
Do you use pending orders?
Also, if you compare the size of the spread to how much the price moves, you can see USDMXN's "spread" is pretty similar to common pairs like GBPNZD.
Also, if you compare the size of the spread to how much the price moves, you can see USDMXN's "spread" is pretty similar to common pairs like GBPNZD.
Yes sometimes I use pending orders but prefer manual execution during liquid london session. short on the pair bring some good profit in swaps, considering decent rate differential
Probably one of my best low-bullshit trades this year. Do people really think USDMXN is exotic? I can understand a cross like MXNJPY or something but the peso itself is liquid enough.
I love to catch political or economic turmoils of EM as a volatility lover. USDRUB and USDTRY provide great opportunity for that, glad that my Tickmill's spreads are relatively low to stay on profitable side.
Widening spreads are really a problem especially during openings's and close can easily squeeze you out of the market if your stops are tight enough.
Widening spreads are really a problem especially during openings's and close can easily squeeze you out of the market if your stops are tight enough.
Good to see someone making profits on exotic pairs as well, goodluk too.. and do let us know when you switch back to majors!
Good to see someone making profits on exotic pairs as well, goodluk too.. and do let us know when you switch back to majors!
Yeah, thanks bro, hope you also concentrate your attention on certain trading instruments, because trying to embrace all pairs usually ends into account wipeout, since price action and technical analysis can not explain all price moves.
