Rather than trading GBP/USD, EUR/USD/, USD/JPY what are the advantages and disadvantages of trading the following,
EUR/JPY and GBP/JPY.
Comments are greatly appreciated.
Advantages
Carry trade income
More daily range - suitable for good intraday traders
Looooonger trends - just check out the charts
Disadvantages
While good trenders you nees deeper pockets so that you are not easily stopped out
Erratic in nature though trending
Wider spread eg 7 for GB/Yen as opposed to 2 for the Eur/usd
that all that comes to mind for now I know here are more
Licensed Brokers
Linear Mode
