May 07 2021 at 08:00
Chossing currency pairs is more of a personal preference. For example I personally like to play it safe and hence stick to majors mainly and that too not too many at a time.
May 07 2021 at 16:31
Choosing an fx pairs is easy - fine top 5 pairs with lowest spread then find the one that has a positive carry trade - only trade in the positive direction and get the rewards. Go with the flow , not against it
It is important to understand every pair because each pair has a level of movement daily, and they also have time which we suppose to trade so that we can get the best from the market. Every trader should study about the selected pair before trading in it.
SofieAndreasen posted:I prefer USDJPY, don't ask me why, because I have the inside information of the fund, you can experience with me😄😄
Major pairs are more volatile than other pair. New traders should not use other than major pairs.
Yes every pair has something different to offer to a trader and they should really be careful with the one they are trading. Making a systematic analysis of a particular pair becomes very important for a trader.
May 26 2021 at 10:10
Just stick to EURUSD like most newbies. It is the best pair, most liquid with low spreads. Easy
Personally I prefer GBPUSD. To choose or find your favourite pair, you have to select 2/3 pairs and observe them a lot. By scanning their charts regularly, you will be able to find some patterns that will give you extra benefits.
Carlos122 posted:I agree. Every pair has its own features
It is important to understand every pair because each pair has a level of movement daily, and they also have time which we suppose to trade so that we can get the best from the market. Every trader should study about the selected pair before trading in it.
lz94dayu posted:I hate this pair. This doesn't suit me. I prefer EURUSD.SofieAndreasen posted:I prefer USDJPY, don't ask me why, because I have the inside information of the fund, you can experience with me😄😄
Major pairs are more volatile than other pair. New traders should not use other than major pairs.
Jul 27 2021 at 06:41
I prefer using EURUSD as the safest pair and has high liquidity value as well
@glendawhite I prefer GBPUSD. It seems I understand this pair more than other pairs. Yeah EURUSD is a safe pair.
Jul 27 2021 at 09:38
The best way to choose a trading pair is to compare the news, volatility and risk data before trading and choose the option that is expected to bring the most profit. Don't look at just one pair, improve your trading and knowledge by using several.
@Marcellus8610
I believe that you shouldn't spend too much time on choosing a trading pair mostly because it's just a waste of time. You just have to find out which one is the most preferable for you by checking the news, volatility and actually opportunities to earn money on a particular pair. Hence you should do it very carefully, but fast in order to save your time. Of course, no doubts, that it's very important for a trader to determine which asset is the most suitable for you, nevertheless there are lots of other things to which you will have to dedicate your time. In my opinion, you'd better concentrate on your trading strategy.
You have to take time to understand a pair. Every pair has its own certain movement pattern. Without spending time on it you can not find them out.
Usually I try to choose a couple for work with whom I already have work experience. This allows you to get a more positive work result.
Aug 31 2021 at 19:22
Different pairs have different properties and they can be treated not as different types of one particular financial instruments, but as different instruments. More than that, many trading strategies can perform differently while trading with different currency pairs. So, before switching to another pair, prepare yourself for such a move.
There are so many pairs available in the forex market, but it depending on broker policy, because each broker is not the same about their service, but usually major pairs become the most selected pairs among traders, the reason is low spread and high volatility, but another cross pair like as GBPJPY, also good pair to trade, because high volatility
Sep 01 2021 at 07:01
Lexxt posted:
I believe that you shouldn't spend too much time on choosing a trading pair mostly because it's just a waste of time. You just have to find out which one is the most preferable for you by checking the news, volatility and actually opportunities to earn money on a particular pair. Hence you should do it very carefully, but fast in order to save your time. Of course, no doubts, that it's very important for a trader to determine which asset is the most suitable for you, nevertheless there are lots of other things to which you will have to dedicate your time. In my opinion, you'd better concentrate on your trading strategy.
I agree with this you should be fitting the strategy to the pair not the opposite way around. Some love trading GU but it doesn't suit their trading style. Its all about adapting to how you trade
Sep 01 2021 at 09:59
FXOday posted:Pound Yen pair has a good volatility and covers 2 largest markets and, accordingly, 2 trading sessions. Good volatility and unpredictable impulses make this pair challenging for newbies, but tempting for those who know how to control risk.
There are so many pairs available in the forex market, but it depending on broker policy, because each broker is not the same about their service, but usually major pairs become the most selected pairs among traders, the reason is low spread and high volatility, but another cross pair like as GBPJPY, also good pair to trade, because high volatility
@Marcellus8610
