Best pairs to start?
Member Since Dec 19, 2016
4 posts
Dec 21, 2016 at 08:07
Hi, I asked this before but I didn´t saw my topic listed...
I´m new at this and I´ve been practicing in a demo account for over a month now.
I´d like to know if its better to start with certain pairs that may help understand the market better?
Maybe it´s a stupid question but also maybe not... lol
Thanks to everyone in advance.
I´m new at this and I´ve been practicing in a demo account for over a month now.
I´d like to know if its better to start with certain pairs that may help understand the market better?
Maybe it´s a stupid question but also maybe not... lol
Thanks to everyone in advance.
CrazyTraderfx (CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Dec 21, 2016 at 16:00
Keep practising, experience will answer your question.
A pair might suits you for a while... and then not anymore.
They are alive and changing.
A pair might suits you for a while... and then not anymore.
They are alive and changing.
rob559
Member Since Feb 11, 2011
1916 posts
Dec 22, 2016 at 07:24
cesaraugusto posted:
Hi, I asked this before but I didn´t saw my topic listed...
I´m new at this and I´ve been practicing in a demo account for over a month now.
I´d like to know if its better to start with certain pairs that may help understand the market better?
Maybe it´s a stupid question but also maybe not... lol
Thanks to everyone in advance.
baybypips.com you must go there,stop bothering people cause you are too lazy to learn
Member Since Dec 19, 2016
4 posts
Dec 22, 2016 at 07:24
Thanks CrazyTrader, sounds very wise.
Dec 25, 2016 at 07:49
cesaraugusto posted:
I´d like to know if its better to start with certain pairs that may help understand the market better?
You cannot just understand the market better in general. Each pair is a separate market. So many factors involved with the selection of proper pairs to trade. Spend enough time on learning the basics first. As rob559 said - Babypips is a good place to go! Good luck!
Need for speed!
Member Since Dec 11, 2015
1487 posts
Dec 25, 2016 at 12:04
I don’t think there’s such a thing as universal best pairs to start. The pairs that are best for you as an individual, depending on your needs as a trader, are a different matter. For example, at what time do you trade (i.e. during which session?). Do you prefer to trade range or trend? And so on and so forth.
Dec 27, 2016 at 07:36
There's no such a perfect pair for the first time you trade in Forex, however, it will always depend on what will be the best pair if you get to be updated with the news. I read the blog, and it is very helpful. You can check this one: https://itrader-reviews.com/ for reference. Recently, I just pair USD/EUR and I am feeling great with it.
Dec 27, 2016 at 12:08
AnneB posted:
There's no such a perfect pair for the first time you trade in Forex, however, it will always depend on what will be the best pair if you get to be updated with the news. I read the blog, and it is very helpful. You can check this one: https://itrader-reviews.com/ for reference. Recently, I just pair USD/EUR and I am feeling great with it.
I checked the link and I didn't see any clear reference to what you are saying. Maybe not necessary to post links like that referring to a brokerage website.
Dec 27, 2016 at 12:08
@cesaraugusto Start with EURUSD but trade outside major news, study the charts and read a lot to understand this market and the factors that affect it. You will grow your investment as you go.
kieran (snapdragon1970)
Member Since Sep 12, 2015
1948 posts
Dec 27, 2016 at 14:15
It is a personal choice and what suits you best,how much do you care about spread,is it highly liquid,what effects it,etc.most people do start off on eur/usd,it doesn't mean you have to though.If your talking about understanding the market better you'll need to look at a few things:pmi,ism,billing,ports,retail,crb,bdi,eseu,esus,jobless,cci,steel index,bank credit,etc etc etc.
"They mistook leverage with genius".
Dec 29, 2016 at 11:48
NEEnah posted:AnneB posted:
There's no such a perfect pair for the first time you trade in Forex, however, it will always depend on what will be the best pair if you get to be updated with the news. I read the blog, and it is very helpful. You can check this one: https://itrader-reviews.com/ for reference. Recently, I just pair USD/EUR and I am feeling great with it.
I checked the link and I didn't see any clear reference to what you are saying. Maybe not necessary to post links like that referring to a brokerage website.
Hello Nina, apologies for I have posted the wrong link. At that time I was reading a lot of articles, and tons of tabs are opened. However, I have found the link that was meant for this thread.Try checking this one: https://itrader-stocks.com/faq/
Also, I don't refer any brokerage firm or whatsoever just want to share some helpful information :)
Jan 02, 2017 at 08:55
adam4 posted:
It is excellent to try some pairs and if they work continue with them, then stop, then follow. But dollar, euro, gold are preferred by some.
Yes, that's what I did and found the best pair for me but somehow USD/EUR didn't work for me. But right now, I am into GBP/JPY and I love them.
Jan 02, 2017 at 08:55
AnneB posted:NEEnah posted:AnneB posted:
There's no such a perfect pair for the first time you trade in Forex, however, it will always depend on what will be the best pair if you get to be updated with the news. I read the blog, and it is very helpful. You can check this one: https://itrader-reviews.com/ for reference. Recently, I just pair USD/EUR and I am feeling great with it.
I checked the link and I didn't see any clear reference to what you are saying. Maybe not necessary to post links like that referring to a brokerage website.
Hello Nina, apologies for I have posted the wrong link. At that time I was reading a lot of articles, and tons of tabs are opened. However, I have found the link that was meant for this thread.Try checking this one: https://itrader-stocks.com/faq/
Also, I don't refer any brokerage firm or whatsoever just want to share some helpful information :)
Hello Anne, I've checked the both links. I think the first one you sent doesn't have any relation with the best-traded pairs, however, I love the articles on that blog! They are easy to understand and well written, with the latter link I love the FAQ it helped me a lot and I gained new knowledge. Thanks!
kieran (snapdragon1970)
Member Since Sep 12, 2015
1948 posts
Jan 03, 2017 at 19:06
I look at community outlook to see what's happening, take for example at the moment CAD/JPY 86% SHORT JPY, time does lag a bit and I wonder how accurate this info is, what if I go long, can 86% be trading the wrong direction, I will let this run in demo see what happens.
"They mistook leverage with genius".
romat
Member Since Aug 07, 2016
12 posts
Jan 04, 2017 at 08:06
snapdragon1970 posted:
It is a personal choice and what suits you best,how much do you care about spread,is it highly liquid,what effects it,etc.most people do start off on eur/usd,it doesn't mean you have to though.If your talking about understanding the market better you'll need to look at a few things:pmi,ism,billing,ports,retail,crb,bdi,eseu,esus,jobless,cci,steel index,bank credit,etc etc etc.
Thank's for sharing Kieran
romat
Member Since Aug 07, 2016
12 posts
Jan 04, 2017 at 08:06
snapdragon1970 posted:
I look at community outlook to see what's happening, take for example at the moment CAD/JPY 86% SHORT JPY, time does lag a bit and I wonder how accurate this info is, what if I go long, can 86% be trading the wrong direction, I will let this run in demo see what happens.
And please tell us how it turned out.
kieran (snapdragon1970)
Member Since Sep 12, 2015
1948 posts
Jan 04, 2017 at 12:07
Well as you can see this trade is doing really well at the moment we are up E956.88 on CAD/JPY @12.01PM who knows it might hit 90.00 but its levelling out at 87.94.I will move the stoploss up to 800 take profit.
"They mistook leverage with genius".
