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Best currency pair for trading

dianajs
Sep 13 2018 at 12:47
823 posts
I think the answer to that question is subjective. What is the best currency pair for me may not be the one that is the best for you, i.e. the one you find the easiest to trade.
nick3232
Sep 13 2018 at 13:03
162 posts
i think you should try to learn the fx basics at babypips.com
arthcamp
Sep 14 2018 at 09:49
2 posts
I think you should do your own research and find out out which pair you think you understand the most and would be comfortable to trade. Generally you'd find a lot of information on the commonly traded pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, EUR/GBP, etc since these are very liquid and are supported by strong and stable economies.
dianajs
Sep 14 2018 at 11:51
823 posts
That's for certain. Try different pairs, see how you feel about trading them, don't be afraid to switch to another pair if the current one is not to your taste.
WellHan
Sep 16 2018 at 05:57
8 posts
One tip would be to avoid GBPJPY - it is often calledd 'the beast' due to its crazy and large price movements!!!
Thomas Lawson (BreakoutSystem)
Sep 16 2018 at 06:42
9 posts
I personally like to trade the EUR/USD because I find it is the most predictable. Maybe it's because i have been trading for around 6 years now. I like to catch breakouts and trend reversals.
Being successful is not by accident.
dianajs
Sep 17 2018 at 12:17
823 posts
WellHan posted:
One tip would be to avoid GBPJPY - it is often calledd 'the beast' due to its crazy and large price movements!!!

Such movements can be profitable if you know how to predict them and learning how to do that is a great trading exercise.
Forexstress
Sep 18 2018 at 10:45
11 posts
can you tell me how to predict them? I 'm starting out and have learnt the basics but whenever I try on a live price i get it wrong and hit SL
dianajs
Sep 18 2018 at 11:43
823 posts
Study the basics of technical and fundamental analysis, then focus on one of them, and if you have the time even focus on both.
Thomas Lawson (BreakoutSystem)
Sep 19 2018 at 20:02
9 posts
Forexstress: I like using S/R levels, trendlines, along with moving averages to catch breakouts and trend reversals. I love using charts to see how traders are moving the markets. I look for short and long term trends using 1 hour, 4 hour, and daily time frames. That's the trading style that I am most comfortable and confident in my trades. Everyone has their own style of trading. You will finds yours eventually. In your learning journey, you will be trying all kinds of different systems. Remember you can use a demo account when you are not sure about something. Forex trading is a very rewarding and prosperous endeavour.
Being successful is not by accident.
SCR Traders (Pikasso)
Sep 23 2018 at 06:27
175 posts
For me it's EURAUD :)
Trading system developers and strategy providers.
dianajs
Sep 24 2018 at 12:00
823 posts
Pikasso posted:
For me it's EURAUD :)

Why do you like trading that pair?
keycurrency
Sep 25 2018 at 07:45
18 posts
Pikasso posted:
For me it's EURAUD :)
\

That's brilliant. I like EURUSD.
If you want the currency we got the advantage.
dianajs
Oct 04 2018 at 08:45
823 posts
Lately I trade USD/JPY, EUR/USD and NZD/USD the most.
jamesgwyther
Nov 07 2018 at 13:13
289 posts
keycurrency posted:
Pikasso posted:
For me it's EURAUD :)
\

That's brilliant. I like EURUSD.
##


Me too and USD/JPY
millerwe
Nov 09 2018 at 10:56
14 posts
i usually trade EUR/USD or USD/JPY
smith_fx
Jul 11 2019 at 10:44
33 posts

The majors are usually the best currency pairs to trade.

Out of all, US is the most dominant and strongest one as it is the worlds largest economy.
There may be many currencies which are popular or highly liquid .however,it does not imply that they are best currency pairs to trade.
The best currency pairs are :

1. USD/EUR – This currency pair is the most popular currency pair as well as not too volatile. It has got the lowest spreads and so least risk.

2. USD/GBP – Though this pair is a volatile one however, one must keep in mind that larger profits come with larger risks.So many traders prefer to trade in this pair.

3. USD/JPY – It is another popular currency which has low spreads , less risk and a great chance of generating high profits for its traders.

Apart from the above mentioned currencies ,AUD/USD , USD/CHF ,USD/CAD are also good pairs to trade forex.

cliffard
Jul 11 2019 at 11:38
6 posts
i prefer EUR/USD , USD/CAD and AUD/USD
jamesgwyther
Jul 11 2019 at 14:38
289 posts
cliffard posted:
i prefer EUR/USD , USD/CAD and AUD/USD

Why USDCAD?
jamesgwyther
Jul 11 2019 at 14:38
289 posts
smith_fx posted:

The majors are usually the best currency pairs to trade.

Out of all, US is the most dominant and strongest one as it is the worlds largest economy.
There may be many currencies which are popular or highly liquid .however,it does not imply that they are best currency pairs to trade.
The best currency pairs are :

1. USD/EUR – This currency pair is the most popular currency pair as well as not too volatile. It has got the lowest spreads and so least risk.

2. USD/GBP – Though this pair is a volatile one however, one must keep in mind that larger profits come with larger risks.So many traders prefer to trade in this pair.

3. USD/JPY – It is another popular currency which has low spreads , less risk and a great chance of generating high profits for its traders.

Apart from the above mentioned currencies ,AUD/USD , USD/CHF ,USD/CAD are also good pairs to trade forex.


The majors certainly have the most money which helps.
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