What does currency basket trader mean?

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Daryl Chavez
Answered 3 months, 1 week ago
<p id="isPasted">A "currency basket trader" is a forex trader who uses currency baskets in their trading strategy. A currency basket is a collection of multiple currencies with varying weights. These traders may take "basket orders" to trade multiple currency pairs simultaneously. They might also use currency baskets to reduce risk by diversifying their portfolio across several currencies.&nbsp;</p><p><br></p>