How to select the Best Currency Pair for Investment?
Member Since Dec 11, 2015
1487 posts
May 09, 2017 at 13:32
That is a simple question with a complicated answer, which depends on a lot of things - what kind of spreads do you prefer, are you a long-term or a short-term trader, which pairings are you interested in to begin with, etc.etc.
Member Since Dec 06, 2016
33 posts
May 10, 2017 at 10:21
Hi @TanEric
@mlawson71 is definitely correct. there's a lot to consider. however, to answer your question, the most common traded pairs are EUR/USD, GBP/USD and USD/JPY. But I will provide a link that contains brief articles to increase your knowledge about different currency pairs.
https://www.itrader.com/en/page/eur-usd (EUR/USD pair)
https://www.itrader.com/en/page/gbp-eur (Cross Currency trading)
@mlawson71 is definitely correct. there's a lot to consider. however, to answer your question, the most common traded pairs are EUR/USD, GBP/USD and USD/JPY. But I will provide a link that contains brief articles to increase your knowledge about different currency pairs.
https://www.itrader.com/en/page/eur-usd (EUR/USD pair)
https://www.itrader.com/en/page/gbp-eur (Cross Currency trading)
Member Since Dec 11, 2015
1487 posts
May 10, 2017 at 12:03
You could also look into secondary pairs like USDCAD, NZDUSD, GBPJPY, EURGBP, EURJPY and so on.
May 11, 2017 at 13:29
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
No one can tell you which is the best FX pairs for trading that will suit for you :)
There are pairs tend to trending, other to ranging - just need to make small research and to find which will fit you.
If you want to invest rather to trade, then is better to chose trending market like USD/TRY or EUR/TRY or GBP/JPY or GBP/NZD that forms long trends and take advantage from the large price movement.
Also you need to be aware that they hide solid risk for your investment if the market does not follow your desired direction.
Member Since May 09, 2017
33 posts
May 11, 2017 at 13:48
Hello @TanEric
I was just going through some blogs and got a blog https://www.mmfsolutions.sg/blog/forex-trading-tips-investment/
I hope it could help you.
I was just going through some blogs and got a blog https://www.mmfsolutions.sg/blog/forex-trading-tips-investment/
I hope it could help you.
Member Since Dec 11, 2015
1487 posts
May 23, 2017 at 10:48
TiffanyK posted:
What is your dilemma? I don’t think there is such thing as “Best Currency for trading”. More likely “best currency for applying your strategy
That was my thought too - 'the best currency pair' is a very subjective choice that is different for different people based on their needs as traders.
Member Since Jun 02, 2017
13 posts
Jul 04, 2017 at 14:55
here is another interesting question - is there a pair that you could call 'the most predictable' ..., anyone?
Member Since Sep 12, 2015
1948 posts
Jul 04, 2017 at 16:37
icepower72 posted:
here is another interesting question - is there a pair that you could call 'the most predictable' ..., anyone?
That depends on the trader, some who specialise in one currency have a higher hit rate, even when it doesn't behave as predictable they know it will revert, for me I would say eur/gbp but its a personal thing.
"They mistook leverage with genius".
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Jul 05, 2017 at 06:07
eurusd seems the overall better pair no matter your trading style
Member Since May 09, 2017
33 posts
Jul 05, 2017 at 06:23
I think predicting any currency pair is just a probability of either it will go up or down or will not. Everything depends on market fluctuations, sometimes geopolitical issues and disasters are responsible for a rate change in Forex Pairs which can't be predictable so as per my experience, there is nothing like the most predictable.
Member Since Dec 11, 2015
1487 posts
Jul 05, 2017 at 13:08
To me a predictable pair is the one that often moves smoothly within its trend without much choppiness. But different pairs fit that description at different times, so one should always be paying attention.
Member Since Dec 11, 2015
1487 posts
Jul 08, 2017 at 12:04
SammyB posted:
EURUSD is the most traded but I wouldn't say most predictable.
I agree. That is why I usually actually don't recommend it to newbies. I traded it as a newbie, it was a mistake.
Member Since Nov 08, 2012
5 posts
Jul 19, 2017 at 06:33
Yes EURUSD is the most traded. I found more about a pattern or a setup and then how it works on the pair I like the most.
Member Since Dec 11, 2015
1487 posts
Jul 19, 2017 at 16:42
zbyszek_uczen posted:
Yes EURUSD is the most traded. I found more about a pattern or a setup and then how it works on the pair I like the most.
Which pair do you like the most? EUR/USD? Doesn't the volatility bother you?
