It seems that many people on this forum (especially the more succesfful ones) trade commodities as well as the forex. Logically, this allows one to trade a number of uncorrelated markets, and thus, reduce risk. Is it possible to diversify in the forex by trading various currencies? It seems to me that since most people trade either US/?? or EURO/??, there would be a very high correlation between different currenies.
I've looked for broker's that offer both forex and commodities. But most of the broker's I've found only offer forex. Are there any broker's that offer both, as well as a platform that has the ability to backtest? I am aware of tradestation, but I don't have the money for that right now. So far I'm using metatrader, since it's free and it has the ability to back-test.
I've looked for broker's that offer both forex and commodities. But most of the broker's I've found only offer forex. Are there any broker's that offer both, as well as a platform that has the ability to backtest? I am aware of tradestation, but I don't have the money for that right now. So far I'm using metatrader, since it's free and it has the ability to back-test.
