Learn the basics of trading the Mexican Peso including notional value, contract specs, what affects movement of this Currency and how to trade the relationship of the Peso and WTI Crude Oil!
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The Mexican Peso is a liquid currency product with a low interest rate and low inflation rate. In recent months, The value of the Peso /6M has dropped dramatically in comparison to the US Dollar. Not only that, but since Mexico is a major exporter of Crude Oil (/CL), drops in Crude have also significantly impacted the value of /6M. With these two highly correlated products, traders can implement directional strategies that take advantage of the extremes in both products! Watch this segment to uncover the notional value of Crude Oil /CL and the Peso /6M, how to trade the Futures contracts on a ratio and more!
Tom and Tony talk with guest Joe Kinahan from TD Ameritrade about the differences in strategies used by professional traders and self-directed investors. Check out how they try to close that gap!
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