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Best currency pair for trading
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dianajs

Member Since Dec 09, 2015  823 posts dianajs Sep 13 2018 at 12:47
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

Member Since Jan 03, 2018  133 posts nick3232 Sep 13 2018 at 13:03
i think you should try to learn the fx basics at babypips.com

arthcamp

Member Since Aug 07, 2018  2 posts arthcamp Sep 14 2018 at 09:49
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

Member Since Dec 09, 2015  823 posts dianajs Sep 14 2018 at 11:51
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

Member Since Sep 07, 2018  8 posts WellHan Sep 16 2018 at 05:57
One tip would be to avoid GBPJPY - it is often calledd 'the beast' due to its crazy and large price movements!!!

BreakoutSystem

Member Since Aug 02, 2015  9 posts Thomas Lawson (BreakoutSystem) Sep 16 2018 at 06:42
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

Member Since Dec 09, 2015  823 posts dianajs Sep 17 2018 at 12:17
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

Member Since Sep 18, 2018  8 posts Forexstress Sep 18 2018 at 10:45
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

Member Since Dec 09, 2015  823 posts dianajs Sep 18 2018 at 11:43
Study the basics of technical and fundamental analysis, then focus on one of them, and if you have the time even focus on both.

BreakoutSystem

Member Since Aug 02, 2015  9 posts Thomas Lawson (BreakoutSystem) Sep 19 2018 at 20:02
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.
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EURUSD 1.11174 GBPUSD 1.33352
USDJPY 109.351 USDCAD 1.31719

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