Trading currencies involves paying attention to the Economic news, commodities etc. After trading for a while, I got to the point where I realized that I could tell where Gold would go, where oil would go and how these moves might affect currencies. I remember thinking to myself “I wish I had an Account that would allow me to trade Gold or Oil…I could make a killing!”. Well, you can trade commodities by trading the currency pairs they affect the most. This correlation, while not always perfect, can allow you diversify your portfolio while still only trading Currencies.

Here’s a video that explores the idea…