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.
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
What's your opinion?
If you think the US dollar is undervalued, you can buy the USD Currency Basket.
If you think the US dollar is overvalued, you can sell the USD Currency Basket.
Basket Composition: EUR/USD, GBP/USD, USD/JPY, AUD/USD
If you think the Euro is undervalued, you can buy the EUR Currency Basket.
If you think the Euro is overvalued, you can sell the EUR Currency Basket.
Basket Composition: EUR/AUD EUR/GBP EUR/JPY EUR/USD
If you think the British Pound is undervalued, you can buy the GBP Currency Basket.
If you think the British Pound is overvalued, you can sell the GBP Currency Basket.
Basket Composition: EUR/GBP GBP/AUD GBP/JPY GBP/USD
If you think the Japanese Yen is undervalued, you can buy the JPY Currency Basket.
If you think the Japanese Yen is overvalued, you can sell the JPY Currency Basket.
Basket Composition: AUD/JPY EUR/JPY GBP/JPY USD/JPY
If you think the Australian dollar is undervalued, you can buy the AUD Currency Basket.
If you think the Australian dollar is overvalued, you can sell the AUD Currency Basket.
Basket Composition: AUD/JPY AUD/USD EUR/AUD GBP/AUD
FXCM offers a variety of Currency Baskets, including USD, EUR, GBP, AUD, JPY, as well as baskets designed to take advantage of interest rate differentials.
Simulated Performance Results Disclaimer: These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. Additionally, please be advised that performance figures are based on systems that are not subject to NFA's rule regarding FIFO execution.
Hypothetical Trading Disclaimer: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
YOU SHOULD NOT REGARD ANY TRANSACTION PROPOSAL OR SUGGESTED AUTOMATED OR MANUAL TRADING STRATEGIES AS INVESTMENT RECOMMENDATIONS OR ADVICE. YOU MUST RELY ON YOUR OWN JUDGEMENT FOR ANY INVESTMENT DECISION YOU MAKE IN RELATION TO YOUR ACCOUNT.
Price Disclaimer: Orders will always execute based on the pricing structure of the client's account no matter what is displayed on the platform. The price quoted under Mirror Trader Platform is for reference only.