Trade your opinion on the global stage

Have an opinion of the US dollar but not sure how to turn that opinion into a trade? Try FXCM's Currency Baskets, available exclusively on Mirror Trader. Currency Baskets can make trading less difficult, which means new and less-experienced traders can get started in the forex market with more confidence.

How does it work?

Trading Currency Baskets starts with your broad opinion on a currency, like the US dollar.

Trend

Assume you think the US dollar broadly speaking is undervalued and will appreciate in the future. How do you express that opinion?

Currency pairs

You could sell euros and buy US dollars, trading EUR/USD. But EUR/USD is a very narrow trade — you are simply comparing the US dollar to the euro.

A more representative way to trade your opinion would be to trade the USD Currency Basket, which places four simultaneous trades on the four major USD counterparts (euro, pound, yen and Australian dollar). This allows you to express a broad opinion of the value of the US dollar with just the click of your mouse.

Currency Basket Advantage

Single Trade

Narrow view: A single EUR/USD trade represents only 28% of all USD transactions and leaves the eurozone economy largely in control of the outcome.

Basket Trade

Broad view: A USD Currency Basket trade represents 67% of all USD transactions and diversifies your risk across multiple global economies.

What's your opinion?

If you have a bullish opinion on a currency and think it is undervalued, you can buy the currency basket. If you have a bearish opinion on the currency and think it is overvalued, you can sell the currency basket.

US flag image

US Dollar

Basket Composition

EUR/USD, GBP/USD, USD/JPY, AUD/JPY

Euro flag image

Euro

Basket Composition

EUR/AUD, EUR/GBP, EUR/JPY, EUR/USD

UK flag image

British Pound

Basket Composition

EUR/GBP, GBP/AUD, GBP/JPY, GBP/USD

Japan flag image

Japanese Dollar

Basket Composition

AUD/JPY, EUR/JPY, GBP/JPY, USD/JPY

Australian flag image

Australian Dollar

Basket Composition

AUD/JPY, AUD/USD, EUR/AUD, GBP/AUD

 
 

Risk Warning: Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.