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Best currency pair for trading

dianajs
Sep 13 2018 at 12:47
823 posts
I think the answer to that question is subjective. What is the best currency pair for me may not be the one that is the best for you, i.e. the one you find the easiest to trade.

nick3232
Sep 13 2018 at 13:03
160 posts
i think you should try to learn the fx basics at babypips.com

arthcamp
Sep 14 2018 at 09:49
2 posts
I think you should do your own research and find out out which pair you think you understand the most and would be comfortable to trade. Generally you'd find a lot of information on the commonly traded pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, EUR/GBP, etc since these are very liquid and are supported by strong and stable economies.

dianajs
Sep 14 2018 at 11:51
823 posts
That's for certain. Try different pairs, see how you feel about trading them, don't be afraid to switch to another pair if the current one is not to your taste.

WellHan
Sep 16 2018 at 05:57
8 posts
One tip would be to avoid GBPJPY - it is often calledd 'the beast' due to its crazy and large price movements!!!

BreakoutSystem (BreakoutSystem)
Sep 16 2018 at 06:42
9 posts
I personally like to trade the EUR/USD because I find it is the most predictable. Maybe it's because i have been trading for around 6 years now. I like to catch breakouts and trend reversals.

Being successful is not by accident.
dianajs
Sep 17 2018 at 12:17
823 posts
WellHan posted:
One tip would be to avoid GBPJPY - it is often calledd 'the beast' due to its crazy and large price movements!!!


Such movements can be profitable if you know how to predict them and learning how to do that is a great trading exercise.

Forexstress
Sep 18 2018 at 10:45
11 posts
can you tell me how to predict them? I 'm starting out and have learnt the basics but whenever I try on a live price i get it wrong and hit SL

dianajs
Sep 18 2018 at 11:43
823 posts
Study the basics of technical and fundamental analysis, then focus on one of them, and if you have the time even focus on both.

BreakoutSystem (BreakoutSystem)
Sep 19 2018 at 20:02
9 posts
Forexstress: I like using S/R levels, trendlines, along with moving averages to catch breakouts and trend reversals. I love using charts to see how traders are moving the markets. I look for short and long term trends using 1 hour, 4 hour, and daily time frames. That's the trading style that I am most comfortable and confident in my trades. Everyone has their own style of trading. You will finds yours eventually. In your learning journey, you will be trying all kinds of different systems. Remember you can use a demo account when you are not sure about something. Forex trading is a very rewarding and prosperous endeavour.

Being successful is not by accident.
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