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.
It's true that every pair has their level of movement on daily basis yes that is true and they also have time which we suppose to trade and get the very best out of the market.
Feb 25 2021 at 14:18
It is very important to choose a pair. I think EURUSD is the best pair to trade.
Mar 03 2021 at 03:55
LeviSievwright5 posted:
It is very important to choose a pair. I think EURUSD is the best pair to trade.
You have to study about the pair before trading in it. Checking on all the changes happening and prices and staying updated about them is very important.
Go for the more liquid pairs and trade in them. Use your backtested strategy and you’ll earn good.
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
Mar 03 2021 at 14:00
Which pair is the best for a beginner to start trading live and volatile in most time frames?
Mar 04 2021 at 03:31
Major pairs are best to trade especially for new traders in my opinion.
Mar 04 2021 at 04:18
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.
Mar 04 2021 at 05:20
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.
Mar 04 2021 at 08:12
Trade majors and stay away from exotics.
I prefer trading with the EURUSD currency pair because it is widely used in the market and stable compared to other major currency pairs.
Mar 05 2021 at 03:43
Major pairs are more volatile than other pair. New traders should not use other than major pairs.
Mar 05 2021 at 11:51
78678676 posted:
Trade majors and stay away from exotics.
and why you suggesting to stay away from exotics?
Mar 05 2021 at 16:09
I prefer trading with GBPUSD trading pair using the London time frame because the market seems to be volatile during the London time frame with GBPUSD and predictable.
I would say there are definitely positive sites in trading. It is possible to be successful if you keep long time goals in trading. It is possible to move forward in trading if you calculate compounding.
Mar 06 2021 at 10:39
Trading is very difficult and to make this difficult thing easy you need proper money management and a trading plan. There may be a loss, but you don't have to go back from that loss, you have to learn from it.
Mar 07 2021 at 05:19
we should choose the pair which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the pair which has most lowest trading spreads.
I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good 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.
Mar 09 2021 at 05:27
UweMoench posted:
I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good 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.
yeah major all the way
