Feb 28, 2009

The Trading Instrument: GBP-CROSSES

The London Forex Rush system trades exclusively GBP-crosses. Once again, this is due to

both their high volatility, and the typical massive early-session volume influx. These are the

two factors this system is designed to exploit.

We’ll be following six of the major GBP-crosses: GBPUSD (Pound against the US Dollar),

GBPJPY (Pound against the Japanese Yen), GBPCHF (Pound against the Swiss Franc),

GBPCAD (Pound against the Canadian Dollar), GBPAUD (Pound against the Australian

Dollar) and GBPNZD (Pound against the New Zealand Dollar). These six pairs are all a

skilled London Forex Rush trader needs to build up his trading account.

You’ll note we’re excluding EURGBP (Pound against the Euro) as it simply lacks the volatility

we require.

Now, be aware that many brokers don’t offer certain of these trades. In particular: GBPCAD,

GBPAUD and especially GBPNZD. But it’s worth it to search for a broker who offers as many

of these pairs as possible. The more pairs you can find, the more daily trading opportunities

you will have. I personally recommend MIG FX: they offer all the currency pairs we need, their

spreads are among the lowest for MT4-brokers and they are a secure and honest broker.

Better still, MIG Forex features the very powerful (and free!) MetaTrader 4 charting platform

which is the trading platform my custom indicators are coded for (more on my custom

indicators in the following chapter).

I recommend you download their free demo here to test the waters. This will allow you to

download their full charting platform immediately, with no risk involved.

This is what my charting screen looks like with MIG Forex:

No comments: