Excerpt from: CFDs & Spread Bets
|
 |
| August 14, 2008 | | Spread bets on forex trading | Financial spread betting strategy should consider that commodity currencies are their own class. Spread bets on forex trading should take into account the effect that some commodities have on currencies.
Commodity currencies
Commodity currencies are those that are affected in forex trading by the natural resources of their country. Exports of gold, oil, timber, other precious metals and other resources play a big role in how well these currencies do in forex trading.
Right now, with gold prices rebounding, commodity currencies are doing well in forex trading.
| Topic Tags: commodity currencies, financial spread betting, forex trading, placing spread bets, spread bets forex trading, spread betting currencies, spread betting strategy | |
|
|
