Hi, I´m new at forex, I´ve been on a demo account for almost a month. I´d like to know if there´s something like a cuople of ideal pairs to start and get to know the market a little easier...? Maybe it´s a stupid question but also maybe not, lol
Trade only in major pairs like GBP, EUR, JPY and AUD. These currencies have very volatile market and thus, have greater opportunities to trade and earn. New traders usually trade in difficult currencies/ not so volatile currencies which result in huge losses. Thus, it becomes further difficult for a new trader to stay in the market for a long run.
I would suggest EUR/CHF, because it is slow motion FX pair and makes many returns (market may forgive you your bad entry :) more then any other pair) and always place disaster STOP to protect your funds. Avoid USD pairs (due to high level of market manipulation) and do not try :) news trading - have in mind some JPY pairs are traded during news, related with USD (ex. during NFP, news/spike traders uses USD/JPY :)
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