En segundo lugar, para determinar la tendencia en las monedas pequeñas puede seguir el movimiento dle rpecio de Bitcoin. Los movimientos de precios intradías pueden diferir, aunque todas las criptomonedas siguen Bitcoin.
High volatility is the main peculiarity of the GPBUSD quotation. So, this instrument does not suit beginners as its rate is hardly predictable. Frequent false breakouts of resistance and support can be confusing and often result in profit losses. Experienced traders recommend trading lower volumes and placing longer Stop orders to avoid that. The GPBUSD is good for scalping: a strategy under which a trader makes lots of small trades in a day.
There's also an opinion that the GPBUSD is directly correlated to the EURUSD and copies its moves. It's sometimes true, but the rates often move in opposite directions. So, it's impossible to be 100% sure of the direction using this only argument.
High liquidity is another peculiar feature of the GPBUSD. It allows trading the pair 24 hours a day, 5 days a week in the short and long term.
Also, note that traders can exploit the differential between the Bank of England's and the Fed's interest rates.
The UK and US economies are deeply interrelated: the countries have been partners in foreign policy and military allies for a long time. However, this instrument is more sensitive to UK news due to its popularity in Great Britain.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
