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Currency Crosses 交叉货币对: Page 2 of 11

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Why Trade Currency Crosses?

Over 90% of the transactions in the forex market involve the U.S. dollar. This is because the U.S. dollar is the reserve currency in the world. You may be asking yourself, “Why the U.S. dollar and not the sterling, or euro?”

Most agricultural and industrial commodities such as oil are priced in U.S. dollars. If a country needs to purchase oil or other agricultural goods, it would first have to change its currency into U.S. dollars before being able to buy the goods. This is why many countries keep a reserve of U.S. dollars on hand. They can make purchases much faster with Greenbacks already in their pocket.

Countries such as China, Japan, and Australia are examples of heavy importers of oil, and as a result, they keep huge reserves of U.S. dollars in their central banks. In fact, China has almost a trillion U.S. dollars in its reserve stockpile!

So what does this all have to do with trading currency crosses? Well since most of the world is glued to the U.S. dollar, a majority of trading speculation will be based on one question:

“Is the U.S. dollar weak or strong today?”

This one question will affect many of the most liquid currency pairs:

The majors: GBP/USD, EUR/USD, USD/CHF, USD/JPY

The commodity pairs: AUD/USD, USD/CAD, NZD/USD

Notice that all of these pairs are tied to the U.S. dollar. This doesn’t give a trader many options when most of their trading decisions are based on this one speculation.

Non Currency Crosses

You can see that by trading any of the 7 most popular currencies, you are basically taking either an anti-U.S. dollar or pro-U.S. dollar stance. This one speculation affects these pairs in almost the same way across the board.

Conversely in the stock market, traders have multiple companies to choose from and are not bound to one major speculation idea.

2009 Performance of DJIA companies

With stocks, you can see that even though the overall market was positive, there are still plenty of other trading opportunities. There isn’t just one kind of speculation that affects the entire basket of stocks.

Currency Crosses Provide More Trading Opportunities

Instead of just looking at the seven “major” dollar-based pairs, currency crosses provide more currency pairs for you to find profitable opportunities!

By trading currency crosses, you give yourself more options for trading opportunities because these currencies are not bound to the U.S. dollar, thus possibly having different price movement behaviors. So while the majority of the markets will only trade on anti-U.S. dollar or pro-U.S. dollar sentiments, you can find new opportunities in currency crosses.

Just check out Cyclopip’s Currency Cross-Eyed blog and you’d realize that crosses present a huge potential for catching plenty of pips!

For example, all the dollar-based pairs might be trading sideways or in some uglier fashion where it would be smart to just sit on the sidelines and wait for better trade setups, but if you knew to switch your charts to look at currency crosses, you might just find trading opportunities galore!

Be different! The majority of traders just trade the majors. Now you can be part of the minority that trade currency crosses.

交叉货币对提供更多交易机会

       外汇市场中超过90%的交易都涉及到美元。这是因为美元是全球储备货币。你可能会问自己:“为什么全球储备货币是美元而不是英镑或欧元呢?”

       大多数农产品和工业商品,诸如石油都是以美元计价的。如果某一国需要购买石油或其他农产品,在购买相关产品之前,它首先需要将该国货币兑换成美元。这也是绝大多数国家将美元作为其外汇储备的原因所在。只要他们口袋中有美元,他们购买国外其他商品就会更加的便捷。

       中国、日本以及澳大利亚等国都是主要的石油进口国,因此,这些国家央行都储存有规模绝大的美元外汇储备。事实上,中国目前的外汇储备量已超3.3万亿美元

       那么,我们为什么还要交易交叉货币对呢?鉴于美元主导了全球货币体系,绝大多数投机交易都基于这一问题:

       “今天美元是走强了,还是走软了呢?

       这一问题将直接影响到绝大多数最具流动性的货币对:
                        主要货币对:欧元/美元、英镑/美元、美元/日元、美元/瑞郎
                        商品货币对:澳元/美元、美元/加元、纽元/美元

       注意看,所有这些货币对都是和美元有联系的。当交易者的大部分交易决定都是基于美元的变动时,他们的交易选择机会会很少。

       你可以看到,交易7大主要货币对,你的立场基本上都看涨美元,或者看跌美元。对美元单一品种的投机使得7大货币对通常出现同涨同跌的情况。

       而反观股市,你可以看到,尽管总体市场走势积极,你仍有众多其他的交易机会。对一种品种的投机并不会影响到整个股票市场。

       和7大主要货币对紧盯美元走势不同,交叉货币对为外汇交易者提供了更多的获利机会!

       通过交易交叉货币对,你对交易将会具有更多选择,因为这些货币对并不和美元产生直接关系,因此,它们可能出现不同的走势特征。因此,尽管市场总体情绪是看涨或看跌美元,你仍能在交叉货币对上找到新的交易机会。

       比如说,所有美元直盘在一些时候可能维持横盘整理态势,而此时,交易者最好的选择莫过于离场观望,以待捕捉新的交易机会;但是,如果你将目光转向交叉盘,你将看到众多的交易机会!

       大多数交易者你交易主要货币对,现在,你可以加入到少数派阵营中,选择交易交叉货币对。