USD/ZAR -871 pips dailyrange

Hello dear forex traders!
I'm currently reading the Currency Trader January 2007, and they say that there is some new currency pairs to trade. Among them there are U.S dollar/South African rand, which they claim to have a daily range of 871 pips!!!??

Is there anyone that tried this pair? Is it really that large range every day?

If it's an exotic pair, you might want to be careful.

The large daily range might be explained by liquidity. If the market's not liquid enough, which is what I'm thinking, the spread is going to be huge and any movement will be heightened.

I don't know much about exotic pairs except that they aren't recommended for the mentioned reasons.

Of course, you MIGHT wanna try it out and tell us all about it.

I'm not gonna try this pair, because in the magazine they said that it is only recommended to professional traders who can handle large swingdowns in their account.

I'm neither professional and I can certainly not handle that large movements... I was just curious if there was any trader here at forexfactory that trades that pair.

Tried it a few times. Can be a bit crazy. Don't trade it anymore 'cos I could never get an order in at the market price. Open a demo with GciTrading if you want to try it out.
Here's a chart.

Wow... that chart is crazy!! 100 pips spread is pretty much... nice to see people trading exotic pairs!

[quote=grillbritt;177789]Wow... that chart is crazy!! 100 pips spread is pretty much... nice to see people trading exotic pairs![/QUOTE

Fast forward five years to 23 Jan 2012, the USD/ZAR spread with ETXCapital is 200 pips. Would be interesting to know how these kind of pairs are traded

I have traded this pair several time. Pip gains can be wonderful, but the spread and volatility are not for the faint of heart... good luck. I am staying out.

To 29 Sep 2013 ETX the USDZAR spread is 150 pips. 10,0728/10,0878. minus 50 pips. Would you trade with this?