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Best pairs to start? newbie here...

mlawson71
Mar 12 2017 at 12:46
1487 posts
Frankly, lately I haven’t been trading GBP/USD much either, it’s terribly dependent on politics.

Frank
RedRhinoFX
Mar 13 2017 at 07:23
395 posts
I recommend trading a currency that you are located in their country or that you are interested in. That way staying up with the political agenda come at natural. Focus on one country you like and once you know that Currency in's and out it is time to find a Partner aka PAIR. The pair should be something that is eventful in news, headlines, or price action. For example, Last Friday we had NFP in the USA, so the USD is the pair because of the Event. Since I am interested in EURO, I will trade EURUSD on NFP day.

If news event exists on AUD, I would trade EURAUD. etc.

Find your interest, then an event to trade.

@mlawson71 - both usd and gbp went through large political change. both pairs difficult to predict

mlawson71
Mar 13 2017 at 11:50
1487 posts
Trading one's own currency isn't always the best of ideas, depending on where the trader lives. They could be trading one of the exotic pairs, and that is not always easy.

hjacob
Mar 17 2017 at 08:41
30 posts
Being a newbie, person should look for the currency pairs that have stability and liquidity. And that is why EUR/USD pair specifically comes to mind as this currency pair has very high liquidity as well as stability. GBP/USD pair can also be looked for earning good amount of profits as this being a highly volatile currency pair.

mlawson71
Mar 17 2017 at 11:49
1487 posts
hjacob posted:
Being a newbie, person should look for the currency pairs that have stability and liquidity. And that is why EUR/USD pair specifically comes to mind as this currency pair has very high liquidity as well as stability. GBP/USD pair can also be looked for earning good amount of profits as this being a highly volatile currency pair.


When it comes to high liquidity, yes, EUR/USD does have that, but I wouldn't say it's exactly stable. Lately GBP/USD hasn't been as stable as it used to be either, unfortunately.

ema123
Mar 17 2017 at 12:49
32 posts
mlawson71 posted:
Frankly, lately I haven’t been trading GBP/USD much either, it’s terribly dependent on politics.


Ohh Alright! Which all pairs you like to trade then?

mlawson71
Mar 18 2017 at 11:58
1487 posts
NZD/USD, AUD/USD, EUR/GBP - which is oddly stable, considering everything, occasionally USD/CAD, EUR/JPY, those are the ones I can cite off the top of my head.

Private Trader (privtrader)
Mar 19 2017 at 07:44
27 posts

Best pair for my is EurUsd:)

Safe trading and good profits
MrMajk (PanMajk)
Mar 19 2017 at 08:10
10 posts
I am begginer too, started forex 3 months ago. I watch closely USD because its most important and impactful currency in the world. Secondly I love gold (XAUUSD) for many reasons.. So mainly I focus on majors. I also watch some cross pairs charts - looking for very strong setups. To sum up I watch 23 pairs - both majors and crosses. I am not a 'daytrader'. I watch daily charts once a day for an hour after candles close. Hope it helps.

joey pascua (etradeph)
Mar 19 2017 at 08:33
1 posts
euro/jpy,usd/jpy,xau/usd, and uso/usd make me gained 20%.

Don't lose hope,we are born to make changes.
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