today's short video from MarketClubs Adam Hewsion he brings up the question of why the dollar is so focused on by traders in the Forex markets. Is it because of it's being considered the strongest currency in the world?
Sadly, the main reason is its declining value against the other major currencies. There are several ways to look at the foreign exchange markets and one of them is to compare other major currencies. For example, you could be looking at the euro against the Japanese yen or any number of combinations in between.
In today's video we will be looking at the Swiss franc versus the Japanese yen over the past 12 months. I'm going to be showing you a very simple, yet very effective, approach that has proven to be 72% accurate in 2010-2011 when trading this particular cross rate.
In fact, using this easy to understand approach, you would have made just seven trades in approximately 12 months. As you can see, this is not a hyperactive approach. However, it will put the odds of making money on your side if you stick to the game plan. As in all trading, having a game plan in foreign exchange is extremely important.
If after watching this video you would like to know more about our trading system and the indicators we use just take us up on our FREE two week trial of MarketClub.
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Watch "It's Not All About The U.S. Dollar......Here is Some Other Ways to Make Money in the Forex Market"