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Best currency pair for trading

Bradley88
Jan 11 at 15:07
31 posts
I will be live trading soon and have four-month experience in demo trading, would like to know which currency pair would be best for a beginner to trade?

8christianpaul8 (8christianpaul8)
Jan 11 at 16:43
87 posts
Hi @Bradley88, most beginners starts with the EURUSD pair as it more predictable on some sense. I prefer to stick to the majors because the spreads are low as well.

Trading is a marathon, not a sprint.
jasonmark409
Jan 27 at 09:46
29 posts
Bradley88 posted:
I will be live trading soon and have four-month experience in demo trading, would like to know which currency pair would be best for a beginner to trade?

When you are just starting out then going simple is the best. Do start with USD/EUR, AUD/EUR, and other common pairs which are the most liquid pairs.

jamesmaxwell52
Jan 28 at 06:15
42 posts
jasonmark409 posted:
Bradley88 posted:
I will be live trading soon and have four-month experience in demo trading, would like to know which currency pair would be best for a beginner to trade?

When you are just starting out then going simple is the best. Do start with USD/EUR, AUD/EUR, and other common pairs which are the most liquid pairs.

There is no hard and fast rule that you can start with only these sets of forex pairs. I don’t think the distinction between the novice and advanced brokers exist on the basis of the skill. A person who has been demo trading for the past 6 months as an example is already much more learned than a beginner who has started real trading after not so much learning.

jasonmark409
Jan 28 at 10:42
29 posts
I absolutely agree with you Jamesmaxwell, if you know what you are doing then you can do anything. There is nothing that can stop you from making profits. Exotic pairs to leverage trades to options you can do anything; only you can stop yourself. Build confidence, there are an endless number of brokers in the market like IB, Fxview,etc. If I want to write the list will never end but it is your experience and confidence which will lead you in trading. BUT at the same time, it takes years to develop strategies that can work profitably for trading exotic pairs. To understand how markets function, liquid pairs are better.

Ebin
Jan 28 at 16:44
26 posts
Anyone currently trading with a better currency pair other than EURUSD? Because I'm looking to trade with two pairs simultaneously to improve my trading skills and profit.

Cordawield
Feb 01 at 07:27
60 posts
As for me, today the most popular and relevant currency pair for trading is the Eurodollar.

Damayanti
Feb 01 at 13:13
15 posts
for new trader ..USDJPY just BUY IF fall 500 point buy again ...again and again just wait and see you can get profit because this pair is safe heaven LOL

Dwane47
Feb 02 at 15:26
29 posts
'
Bradley88 posted:
I will be live trading soon and have four-month experience in demo trading, would like to know which currency pair would be best for a beginner to trade?


EURUSD is the best currency pair to trade for beginners, It is a much simple pair to trade, and it is more volatile than other pairs.'

deckwisp
Feb 08 at 10:45
25 posts
It is better to go with some strong currency pairs and you can even trade different pairs at a time. The major pairs which I like to trade include, EUR/USD, USD/CAD, USD/JPY, GBP/USD, etc. A lot depends on the market conditions.

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