Best currency pair for trading
Sep 14, 2018 at 09:49
I think you should do your own research and find out out which pair you think you understand the most and would be comfortable to trade. Generally you'd find a lot of information on the commonly traded pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, EUR/GBP, etc since these are very liquid and are supported by strong and stable economies.
Membro Desde Aug 02, 2015
9 posts
Sep 16, 2018 at 06:42
I personally like to trade the EUR/USD because I find it is the most predictable. Maybe it's because i have been trading for around 6 years now. I like to catch breakouts and trend reversals.
Being successful is not by accident.
Sep 17, 2018 at 12:17
WellHan posted:
One tip would be to avoid GBPJPY - it is often calledd 'the beast' due to its crazy and large price movements!!!
Such movements can be profitable if you know how to predict them and learning how to do that is a great trading exercise.
Membro Desde Sep 18, 2018
11 posts
Sep 18, 2018 at 10:45
can you tell me how to predict them? I 'm starting out and have learnt the basics but whenever I try on a live price i get it wrong and hit SL
Membro Desde Aug 02, 2015
9 posts
Sep 19, 2018 at 20:02
Forexstress: I like using S/R levels, trendlines, along with moving averages to catch breakouts and trend reversals. I love using charts to see how traders are moving the markets. I look for short and long term trends using 1 hour, 4 hour, and daily time frames. That's the trading style that I am most comfortable and confident in my trades. Everyone has their own style of trading. You will finds yours eventually. In your learning journey, you will be trying all kinds of different systems. Remember you can use a demo account when you are not sure about something. Forex trading is a very rewarding and prosperous endeavour.
Being successful is not by accident.
Membro Desde Sep 01, 2018
18 posts
Sep 25, 2018 at 07:45
Pikasso posted:\
For me it's EURAUD :)
That's brilliant. I like EURUSD.
If you want the currency we got the advantage.
Jul 11, 2019 at 10:44
The majors are usually the best currency pairs to trade.
Out of all, US is the most dominant and strongest one as it is the worlds largest economy.
There may be many currencies which are popular or highly liquid .however,it does not imply that they are best currency pairs to trade.
The best currency pairs are :
1. USD/EUR – This currency pair is the most popular currency pair as well as not too volatile. It has got the lowest spreads and so least risk.
2. USD/GBP – Though this pair is a volatile one however, one must keep in mind that larger profits come with larger risks.So many traders prefer to trade in this pair.
3. USD/JPY – It is another popular currency which has low spreads , less risk and a great chance of generating high profits for its traders.
Apart from the above mentioned currencies ,AUD/USD , USD/CHF ,USD/CAD are also good pairs to trade forex.
Jul 13, 2019 at 05:36
As each trader is exceptional, he can select different sort of trading modules which will not be same as others. From my observation what currency pairs are significant for me may not be that much important for the others. I love to trade with major currency pairs. What I really like about major currency pairs is: these pairs are involving with lower variability and I can make an idea easily.
Membro Desde Jul 03, 2015
10 posts
Jul 28, 2019 at 21:50
maria_taylor posted:Hi Maria,
Which is the best currency pair for trading and in how many pairs you trade generally?
You must know which are the strongest and weakest currencies before you even go to your charts, if you're trading long term, you look for the fundamentals, if you're day trading, you look for the sentiment.
