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Which pairs are your least favorite to trade? And why?
Miembro desde Dec 05, 2020
posts 81
Miembro desde Jan 20, 2022
posts 31
Miembro desde Aug 05, 2021
posts 401
Mar 07, 2022 at 05:10
Miembro desde Feb 18, 2022
posts 15
Most traders avoid trading with pairs that have high spreads and high volatility. They are called exotic pairs. Such pairs are not profitable to trade because of the high level of risks associated with them. For instance, I have traded with EUR/TRF. It was a bad experience.
Miembro desde Jul 20, 2020
posts 399
Mar 11, 2022 at 06:34
Miembro desde Nov 23, 2021
posts 34
Exotic currency pairs are the most volatile currency pairs and should be avoided. These currency pairs have least liquidity and in order to trade them, traders need a big amount of deposit to meet the losses in the form of large spreads.
Mar 21, 2022 at 06:11
Miembro desde Dec 14, 2021
posts 46
Most traders avoid trading with exotic pairs because they have high volatility and high spreads. However, some people do trade with them but they have more expertise. Personally, I do not trade pairs like USD/SEK, EUR/TRY, and USD/HKD.
Miembro desde Nov 03, 2021
posts 9
Miembro desde Nov 12, 2020
posts 13
May 23, 2022 at 17:55
Miembro desde Nov 12, 2020
posts 13
I notice traders claim about high volatility and they prefer less liquid currency pairs.
I stand for volatility because I am convinced that high volatility means th opportunity to earn more money potentially. Ofc, it's not right to hurry for money and traders should be wise and make moves gradually, nevertheless I believe that volatile pairs are the most suitable for scalpers and day traders. In case we are talking about the potential income. BUT, remember about mistakes, losses and other unpleasant things. They as a rule confuse traders and makes them scary of the market.
I am not afraid definitely =)
I stand for volatility because I am convinced that high volatility means th opportunity to earn more money potentially. Ofc, it's not right to hurry for money and traders should be wise and make moves gradually, nevertheless I believe that volatile pairs are the most suitable for scalpers and day traders. In case we are talking about the potential income. BUT, remember about mistakes, losses and other unpleasant things. They as a rule confuse traders and makes them scary of the market.
I am not afraid definitely =)
Miembro desde Jun 26, 2020
posts 327
Jun 14, 2022 at 11:43
Miembro desde May 24, 2022
posts 17
I think currency pair selection is an important part of your overall trading approach. But I understand a lot of Forex traders are confused about which currency pairs to trade. I typically do not trade in exotic pairs as they are highly volatile and are illiquid. The spreads are extremely wide and have a lack of market depth. They are riskier as compared to major pairs which are rather stable. Exotic pairs feature low trading volumes which lead to lack of liquidity which is why I do not like trading in exotic pairs which is my personal viewpoint.
Jun 20, 2022 at 04:52
Miembro desde May 24, 2022
posts 28
I am ok with trading any type of pair in general except for the exotic ones. I tried an exotic pair once and it did not go well. I think we can master any type of pair once we get experienced. But I am sticking to major pairs as of now.
Miembro desde Jun 03, 2022
posts 17
Jun 22, 2022 at 07:18
Miembro desde Jun 03, 2022
posts 17
Currently it is the EUR/CHF and the USD/CHF. The Swiss increased the interest rates unexpectedly and all of a sudden. This caused a major hike in the exchange rates of pairs involving the Swiss Franc. I’d prefer not to trade this at the moment.
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