Cable GBP Info August 31
August 31, 2007
Because the cable moves more, and is affected by less factors (the Euro in constrast is affected by 12 currencies) many prefer to trade cable for more pips. The differences, albeit are often slight, in price action provide you with varying entry points and if one pays close mind to several majors at the same time, you will soon be able to detect movements beforehand when one pair drives the other.
