Best pairs to start?

cesaraugusto posted:
Hi, I asked this before but I didn´t saw my topic listed...
I´m new at this and I´ve been practicing in a demo account for over a month now.
I´d like to know if its better to start with certain pairs that may help understand the market better?
Maybe it´s a stupid question but also maybe not... lol

Thanks to everyone in advance.

cesaraugusto posted:
I´d like to know if its better to start with certain pairs that may help understand the market better?

AnneB posted:
There's no such a perfect pair for the first time you trade in Forex, however, it will always depend on what will be the best pair if you get to be updated with the news. I read the blog, and it is very helpful. You can check this one: https://itrader-reviews.com/ for reference. Recently, I just pair USD/EUR and I am feeling great with it.

NEEnah posted:

AnneB posted:
There's no such a perfect pair for the first time you trade in Forex, however, it will always depend on what will be the best pair if you get to be updated with the news. I read the blog, and it is very helpful. You can check this one: https://itrader-reviews.com/ for reference. Recently, I just pair USD/EUR and I am feeling great with it.

I checked the link and I didn't see any clear reference to what you are saying. Maybe not necessary to post links like that referring to a brokerage website.

adam4 posted:
It is excellent to try some pairs and if they work continue with them, then stop, then follow. But dollar, euro, gold are preferred by some.

AnneB posted:

NEEnah posted:

AnneB posted:
There's no such a perfect pair for the first time you trade in Forex, however, it will always depend on what will be the best pair if you get to be updated with the news. I read the blog, and it is very helpful. You can check this one: https://itrader-reviews.com/ for reference. Recently, I just pair USD/EUR and I am feeling great with it.

I checked the link and I didn't see any clear reference to what you are saying. Maybe not necessary to post links like that referring to a brokerage website.

Hello Nina, apologies for I have posted the wrong link. At that time I was reading a lot of articles, and tons of tabs are opened. However, I have found the link that was meant for this thread.Try checking this one: https://itrader-stocks.com/faq/
Also, I don't refer any brokerage firm or whatsoever just want to share some helpful information :)
 

snapdragon1970 posted:
It is a personal choice and what suits you best,how much do you care about spread,is it highly liquid,what effects it,etc.most people do start off on eur/usd,it doesn't mean you have to though.If your talking about understanding the market better you'll need to look at a few things:pmi,ism,billing,ports,retail,crb,bdi,eseu,esus,jobless,cci,steel index,bank credit,etc etc etc.

snapdragon1970 posted:
I look at community outlook to see what's happening, take for example at the moment CAD/JPY 86% SHORT JPY, time does lag a bit and I wonder how accurate this info is, what if I go long, can 86% be trading the wrong direction, I will let this run in demo see what happens.