Dislikedso MXNUSD... pesodilla?Ignored
IT IS AN EXTREMELY HARD PAIR TO TRADE UNLES YOU HAVE EXTENSIVE KNOWLEDGE OF Mexican and US trade relations, Drug cartels and busts, Mexican Politics, What Commodities they provide like Agave, besides Cocaine and heroin
Simply put when the dollar weakens the Peso gets stronger. The pair does not move fast, requires high margin and has huge spreads at least in the US.
If you know what you are doing sure you can risk a few standards and make money, yet, I would learn the MAJORS FIRST iN AND OUT!
BTW GBP/JPY is called Geppy on this forum.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News