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Best pairs to start? newbie here...

jackwilliams
Feb 23 2017 at 10:32
22 posts
I would suggest being a newbie one should start trading with major forex pairs like EUR/USD and GBP/USD. First start trading on demo and after gaining due experience, knowledge and confidence switch to live account with small amount. Always go for the pair best suited to your trading style and strategy.

IXBONE
Feb 23 2017 at 15:02
97 posts
pairs to start doesnt matter, price action trading is the way to success!

mlawson71
Feb 25 2017 at 11:57
1487 posts
IXBONE posted:
pairs to start doesnt matter, price action trading is the way to success!


I don’t necessarily disagree, but one does have to pick a pair to apply price action to.

waltel
Feb 25 2017 at 17:53
10 posts
IXBONE posted:
pairs to start doesnt matter, price action trading is the way to success!


Maybe you can start with a pair that may be more familiar and understandable. I think it does matter.

jhonix
Feb 27 2017 at 22:23
37 posts
Trading in the forex market can be complicated and requires discipline and dedication so that new traders can succeed. Before entering the market, the novice forex trader must first understand basic concepts such as how transactions are carried out or which are the best currency pairs to trade.

vellkan
Feb 28 2017 at 15:35
9 posts
@cesaraugusto I was very pleased with your comment, tell us which were the pairs you used to start and how you went with them. So we give another point of view to this thread

mlawson71
Mar 05 2017 at 12:51
1487 posts
jhonix posted:
Trading in the forex market can be complicated and requires discipline and dedication so that new traders can succeed. Before entering the market, the novice forex trader must first understand basic concepts such as how transactions are carried out or which are the best currency pairs to trade.


Which are the best currencies to trade in your opinion?

Baldo (BaldoN)
Mar 09 2017 at 10:27
522 posts
Hello,
It is difficult to say, which is the best currency. In my opinion the best is when you make your own research.
You simply open 4H or Daily chart and just try to find Fx pairs that intend to trend most of the time (ex. AUD/USD or NZD/USD or even exotic), where you can use simple strategy even just cross of 2 EMAs for example you may achieve very good results. :)

rover99x
Mar 09 2017 at 12:12
1 posts
I would say just stick to the Majors for now as they tend to have the lowest spreads. And I know you won't want to hear this, but trading is the hardest business to become consistently profitable in. But if you're determined, professional and prepared to put in thousands of hours you might, just might, make it!

One final point, don't pay for any training! Everything's available on the web for free ...........

ema123
Mar 09 2017 at 13:28
32 posts
mlawson71 posted:
ema123 posted:
It all depends upon the trading style that one wants to adopt. If you are interested in range bound markets and want to get involved in scalping then you can look in to the currency pair like EURUSD, this currency pair is very stable and range bound and you wouldn’t be at bigger risk if trend goes against you. Good to start with!

However, if you want to trade in currency pairs which have the potentials to generate a good amount of profits then you should be looking for the volatile currency pairs like GBUSD, GBPJPY & NZDUSD. These currency pairs are more volatile as compared to other currency pairs, giving the potential of higher profits in small time frame but your risk also get increases.


That’s a good point. I stay away from EUR/USD because I don’t trade range very well.


thanks @mlawson71 . GBP/USD is one good pair to trade.

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