Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
Not all traders are using Forex Spot trading facilities to trade Forex for speculation or hedging their portfolio’s or corporate risk.
The so called ETF’s (Exchange Traded Funds) are shares traded on international stock exchanges representing Foreign Exchange Pairs, for example the list below.
Some software programs can give you an easy view about strength/weakness of those ETF’s.
The strongest is in green on the list below and the weakest are in red, just a first step in ranking.
When we see the top currency with a ranking of 99, this means the strongest in the group of selected currencies and not to go long already, v.v. for the red with a value of 10.
Looking at the chat below of the YEN/USD we see the trend indicator in the green since October, at the top of the chart, while the RSI remain above 50 indication more upward pressure then downward pressure.
Currency ETF’s using less leverage of course, but still a very valuable way to trade Forex in a different way, combining portfolio protection or speculation.
Also traders can trade smaller amounts compared to lots and mini lost in cash Forex trading.
There are a few ETF’s already which provide 2 or 3 x leverage and more to come !