Get this Surefire Trading Challenge award winning Forex Trading System that made 1,306% PM FREE and watch the banned system video just now. Download this highly profitable Magic Breakout Forex Strategy by Tim Trush and Julie Lavrine plus 3 Swing Trading Systems FREE. What you must have observed is that USD is involved in almost all these pairs. As a currency trader, it is very important for you to keep an eye on USD and form a market bias of USD.
You should be able to know whether USD is becoming strong or weak. This market bias is vital in trading these currency pairs. It is always a good trading strategy to choose a currency pair with one currency becoming strong and another becoming weak. This type of currency pair can give you the most pips. Now how to trade the USDJY, USDCAD and EURUSD pairs?
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A strong JPY always make the Bank of Japan (BOJ) nervous. BOJ will try to intervene either verbally or directly to make the JPY weak. In the last few weeks, we have seen the JPY hitting 15 years high against the USD. The BOJ intervention is imminent in order to make the Japanese exports competitive in the global markets again. You will be seeing a lot of action in the USDJPY pair in the near future. In the short term, expect the JPY to continue falling. As this is what the BOJ wants and would like.
Canada is a major trading partner of US. Both these currencies are somewhat correlated. US economic expectations have a lot to do with the USDCAD pair. In the last few weeks, a parity of the CAD and USD was expected but now this expectation has changed.
With the German economy doing well, can EURUSD pair be far behind. The EU sovereign debt problems continue to drive this currency pair. Expect EURUSD to fall as the debt problem is not going to go away soon.
Now,imagine making returns as high as 450% in a day with binary options. One way is to spot trade these currencies plus take positions in the binary options. You can also trade Currency ETFs! Now many investors don’t know how powerful binary options can. Just imagine if you can bet on the direction of the market correctly you can easily make 75% return in just a matter of one hour. Do it three times in a row and imagine how much return you can make in just one day!