Choosing a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time. so a trader should not jump to another pair when they still not understand the habit of previous pair.
Yes, there are so many pairs when it comes to forex trading and it is quite hard choosing one so it will be beneficial if you can spend a time in learning and know more about that particular pairs so that you can trade them in real account
Markwoods posted: Go for the more liquid pairs and trade in them. Use your backtested strategy and you’ll earn good.
It is not mandatory that the strategies will work for you too. I would better advise you to do some research about the currency pairs you want to trade in, see the movements in the price and then decide what next to be done. Most of the time when I am about to trade, I refer to the autochartist or the expert advisor, check what is going on in the market and where can I trade so as to earn good profits and then accordingly, I trade. XM is also good in terms of this feature.
Michihito posted: Choosing a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time. so a trader should not jump to another pair when they still not understand the habit of previous pair.
just go through the chart of the pair and analyse it completely and check for the trend it is following.. and you will gradually understand things moving forward.
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