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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.
Most asset classes move in a fairly straightforward manner. They're either going up or down at any given time. But when it comes to currencies it's not that simple.
Since they're all traded against each other -- the pound vs. the dollar, the pound vs. the euro, the pound vs. the yen -- there's always some rising and some falling at any given time. Everything's relative.
So what drives these relative movements, and how to traders decide what bets to place? On this week's episode of the Odd Lots podcast, we talk to Ken Veksler, a currency trader, and director of Accumen Management about how this market operates, and how he navigates it.
Megaphone.fm: This Is How a Currency Trader Actually Picks What to Buy and Sell by Odd Lots
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