For my trading I essentially trade EUR/USD, EUR/JPY and GBP/USD pairs. I comprehend these pairs more as I have done augmentation research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair. When he take in the characteristics of that pair then he can pick another.
My favourite pairs are GBP/USD, EUR/USD, USD/JPY, AUD/USD and USD/CAD. I also trade Brent Crude and Gold sometimes on MT4. I trade USDCAD and Crude the most, because Oil has a negative correlation with USD/CAD of about 93% between 2000 through 2016. When oil goes up, USD/CAD goes down. When oil goes down, USD/CAD goes up. Happy Trading Folks. 😎
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.
Past performance is not indicative of future results.