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Best pairs to start? newbie here...

cesaraugusto
Dec 21 2016 at 08:06
4 posts
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

Thanks in advance. :)

vontogr (togr)
Dec 21 2016 at 08:53
4862 posts
EURUSD
but avoid any major news

Rafael (Pumentio)
Dec 21 2016 at 09:57
12 posts
From the beginning of my trading, I used to perform with EURJPY. About togr's note to avoid major news, it is a must for each new trader independently on pair

cesaraugusto
Dec 22 2016 at 07:24
4 posts
Torsten (tormess)
Dec 25 2016 at 08:35
52 posts
Yes, it is a reasonable option to start with major currency pair as the liquidity there is big enough so you can have enough price dynamics in the market to study it.

jameshallow07
Feb 01 2017 at 15:40
12 posts
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.

Baldo (BaldoN)
Feb 02 2017 at 09:30
522 posts
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 :)

Tiffany (TiffanyK)
Feb 02 2017 at 12:11
427 posts
I can fully agree with BaldoN’s comment – try to avoid USD pairs in the beginning. Maybe EURJPY or EURCHF as mentioned before.

Accept the loss as experience
mlawson71
Feb 02 2017 at 13:01
1487 posts
I am not fond of any CHF pairs, but I do agree that the EUR-related pairs can be quite profitable.

vontogr (togr)
Feb 02 2017 at 13:15
4862 posts
mlawson71 posted:
I am not fond of any CHF pairs, but I do agree that the EUR-related pairs can be quite profitable.


but eur related pairs are also volatile driven by politics

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