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Choosing a pair

Ebin
Mar 09 2021 at 13:49
38 posts
Choose a suitable pair according to your time frame because every pair has a level of movements daily, and using the correct time frame can give a trader the very best opportunity to profit from the market.

forexminded
Mar 11 2021 at 09:04
35 posts
EUR/USD is my favourite pair and I am glued to this pair only since long.

Roberto21
Mar 12 2021 at 06:39
364 posts
In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.

Imamul
Mar 12 2021 at 07:10
685 posts
from all trading pair i like most major , because its safe and sounds to me than others.

Antonio_K
Mar 12 2021 at 10:56
27 posts
Imamul posted:
from all trading pair i like most major , because its safe and sounds to me than others.

Same here mate. Majors are the best.

CraigMcG2020
Mar 13 2021 at 17:20
303 posts
LyudmilLukanov posted:
Major pairs are best to trade especially for new traders in my opinion.


Completely agree. :)

Tremblay
Mar 13 2021 at 18:18
330 posts
Demo accounts are an essential part of learning to trade. Every beginner trader should do demo trading for at least 5 months. Demo trading is a must to gain basic knowledge. If you want to develop skills, you have to do demo trading.

Andronn
Mar 29 2021 at 07:01
90 posts
To be honest, it was quite difficult to choose certain pairs for trading, because each pair has its own peculiarity.

Akasuki
Mar 29 2021 at 11:57
500 posts
Most newbie traders usually trade a lot of pairs but to me that's not an ideal way to trade. Every currency pair has its own movement patterns. If one can understand that it becomes easier to trade. So it good to choose few pairs.

UweMoench
Mar 29 2021 at 13:51
751 posts
It needs a lot of experiment to find a suitable pair. Most new traders do few months of demo and they think they get the edge. But it is not true. When they start trading live they lose money due to lack of experience.

angelicafreeman
Apr 01 2021 at 13:16
13 posts
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.

UweMoench
Apr 01 2021 at 13:56
751 posts
Most traders try to trade a lot pairs. But it is not a good idea to trade so many pairs. Trading few pairs will give more insights about those pair as you observe those pairs for a long time.

Malajind
Apr 02 2021 at 06:01
75 posts
Despite the fact that brokers provide a large number of currency pairs that you can work with, it is best to have a few and completely focus on them.

Suradi (FXOday)
Apr 03 2021 at 02:22
287 posts
Since in beginner trader, most experienced trader suggested to choose pair with a low spread like as EURUSD, USDJPY, and till now I like with those pair too, but in my daily trading usually open multiple pairs, like as EURUSD, EURJPY. GBPJPY, GBPUSD, sometimes I work correlation between pair

richardmarcus
Apr 03 2021 at 05:49
104 posts
angelicafreeman posted:
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.

yup analysis is a perfect pair to choose a perfect pair to pick up from.

patriciablack
Apr 08 2021 at 08:09
22 posts
Every pair moves differently in the market. It is up to you to decide which pair’s movement you understand the best and can trade for the long-term.

brianna
Apr 09 2021 at 05:17
30 posts
It is an important step to choose a pair since every pair has a different value in the market and some can even be highly profitable.

CraigMcG2020
Apr 09 2021 at 13:40
303 posts
patriciablack posted:
Every pair moves differently in the market. It is up to you to decide which pair’s movement you understand the best and can trade for the long-term.


Very true. It depends on what style of trading you're doing too if you're scalping a fast pair is good if youre swinging a trending pair is best

BarronLucas
May 06 2021 at 14:41
31 posts
'Choose a pair that is suitable for you after analysis. Sometimes choosing a currency with a good broker can be an advantage.

For instance, I trade using EURUSD pair which is highly volatile, and my broker, spreads are stable even during high volatile market situations.

robindude
May 07 2021 at 07:03
107 posts
BarronLucas posted:
'Choose a pair that is suitable for you after analysis. Sometimes choosing a currency with a good broker can be an advantage.

For instance, I trade using EURUSD pair which is highly volatile, and my broker, spreads are stable even during high volatile market situations.

Agree, broker can have a good influence in currency pairs, some may enhance them and some may weaken them

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