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Which pair do you use?
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Feb 05, 2022 at 12:12
Member Since Sep 05, 2020
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From my point of view, USD/JPY is one of the best currency pairs. There’s one fundamental thing that makes it more predictable than others. Japan is known as one of the major exporters. Therefore, it’s crucial for this country to devaluate its currency against the evergreen buck. If you take a closer look at this pair, you may see that it’s prone to go up because the Japanese is interested in evaluating its currency. Moreover, the Bank of Japan keeps a negative interest rate. It’s a very good currency pair for those who like to be an active bull. Of course, from time to time it corrects as any other financial instruments, but in most cases USD/JPY goes up.
Member Since Jun 19, 2020
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Feb 11, 2022 at 06:29
Member Since Dec 14, 2021
46 posts
There are more than 60 currency pairs that traders can choose, but not every pair is equally profitable.The pairs with high liquidity are more stable but the profit potential is lower. On the other hand, the pairs that are volatile can be risky but the chances of making huge rewards are more. Personally, I trade EUR/USD and USD/CAD the most.
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