Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Best pairs to start?
Previous 1 2 3 4 5 6 Next

Member Since Jan 08, 2017  44 posts David791 (david791) Jan 08 at 15:08

best pair audnzd:)


Member Since Sep 12, 2015  1094 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.


Member Since Dec 11, 2015  774 posts mlawson71 Jan 10 at 12:10 (edited Jan 10 at 12:10 )
david791 posted:

best pair audnzd:)

Why do you think so?


Member Since Feb 12, 2016  217 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.


Member Since Oct 08, 2016  18 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.

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...


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.


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.


Member Since Feb 12, 2016  166 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

Member Since Dec 11, 2015  774 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.

Previous 1 2 3 4 5 6 Next
Rightmove House Price Index (YoY) (11h 1min)
Bottled water is now more popular than s...(8h 34min ago)
EURUSD 1.07264 GBPUSD 1.28057
USDJPY 109.15 USDCAD 1.34976







Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.