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Best pairs to start?
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snapdragon1970

Member Since Sep 12, 2015  1413 posts kieran (snapdragon1970) Jan 09 at 13:26
We talked about this EUR/GBP trade in charts earlier, 86400 was an ideal entry point ,I did it for fun from 86600 just in demo though, the GBP/USD sank as expected , we are 5 mins away from 1.30 so might see a change.

mlawson71

Member Since Dec 11, 2015  1079 posts mlawson71 Jan 10 at 12:10 (edited Jan 10 at 12:10 )
david791 posted:

best pair audnzd:)


Why do you think so?

BaldoN

Member Since Feb 12, 2016  378 posts Baldo (BaldoN) Jan 17 at 13:54
Best pair depending on your trading style. You have to know your trading style and know how different pairs move. Some move in strong trends , other are more volatile for scalping and so on and so on. Basically most traders start off with EURUSD until they get used to it and than move on and add more pairs.

PriceAction13

Member Since Oct 08, 2016  28 posts PriceAction13 Jan 17 at 15:34
As a new Forex trader, you should avoid exotic trading pairs! Try to stay with major currencies only! In addition, don’t start your learning process with so multiple trading instruments; it may destroy your trading concentration! Whatever, EUR/USD is your common choice, then may refer to you EUR/JPY, USD/JPY and GBP/USD! Add a new trading pair in your live chart after making regular money in your demo!

To change your trading result, just change your thinking.
growthera

Member Since Feb 18, 2014  85 posts growthera Jan 17 at 15:46
start by looking on the majors, preferable a pair that is influenced by the news of the region you live in. That way you can get a feel on how much certain news impacts the pair. It also avoids the temptation to stay up all night waiting for a news event at 3AM. Stay with 2 or 3 pairs for e few months to get e real feel for it, and also look at the interaction between these pairs. Don't bother with 15M and 1H charts ( at least not early on). D1 or even higher.
My 2 cents...

tormess

Member Since Jun 15, 2015  52 posts Torsten (tormess) Jan 17 at 16:18
I started with EURUSD and then moved to GBPUSD as they are closely connected major pairs. This worked for me and I hope you will find the right combination for the beginning.

dragonEA

Member Since Jan 03, 2017  46 posts Dave (dragonEA) Jan 18 at 12:06
Start with major pairs EU GU UJ. It's also depend on your trading style.

TiffanyK

Member Since Feb 12, 2016  257 posts Tiffany (TiffanyK) Jan 19 at 16:01
As more of the people here – I agree that you should start with a major pairs. Just like EURUSD, GBPUSD, USDCHF … etc. When you have an already developed trading style you can continue to every pair. By that time you will learn how to “understand” a current pair and to follow the moves in the market.

Accept the loss as experience
mlawson71

Member Since Dec 11, 2015  1079 posts mlawson71 Jan 20 at 11:03
Frankly, ever since that fiasco with the USD/CHF in 2015 I don’t dare touch that pair and I don’t recommend it to newbies either.

tormess

Member Since Jun 15, 2015  52 posts Torsten (tormess) Jan 20 at 12:21
mlawson71 posted:
Frankly, ever since that fiasco with the USD/CHF in 2015 I don’t dare touch that pair and I don’t recommend it to newbies either.


Yes, also I would add EURCHF as heavily affected by the flash crash back then! You guys have heard anything about the Czech government lifting the peg on euro? I hear rumours gravitating so it may be risky to consider such minor pairs as well for a newbie...

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5-y Bond Auction (16 min)
London Markets: Banks rise, but FTSE 100...(8 min ago)
EURUSD 1.19077 GBPUSD 1.34921
USDJPY 112.446 USDCAD 1.23319
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