Sunday, March 24, 2013

Forex nature

 

Forex nature

The US dollar index (USDX) is an important tool for traders for forex analysis. The USDX is actually a futures contract which means that if you have a futures trading account you could trade this instrument like corn, oil, gold or currency futures contracts. However rather than trading the USDX most retail traders use it as way to analyze the relative strength or weakness of the US Dollar in general.

No comments:

Post a Comment