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How to select the Best Currency Pair for Investment?
Sep 26, 2018 at 07:39
Most crypto are STRONGLY correlated meaning it doesn't matter which one you choose it will move in roughly the same way as all the others. Just open charts of bitcoin, etherium, litecoin and dash. They are almost identical apart in shape
Miembro desde Sep 26, 2018
posts 9
Sep 26, 2018 at 10:28
Crypto aren't performing lately. Many just go sideways or downwards. Not the big wins that happen in 2017. I think crypto dying
Miembro desde Feb 22, 2011
posts 4573
Sep 26, 2018 at 14:05
Crypto is a lot volatile.
It could make or lose 100% a day.
Patience is the key [and good crypto selection]
It could make or lose 100% a day.
Patience is the key [and good crypto selection]
Miembro desde Mar 26, 2018
posts 29
Oct 19, 2018 at 09:20
Few Tips to choose best currency pair
- It’s better to open charts of at least seven currency pairs
- Skimming through the latest market news is a must
- Checking out latest trading strategies
- Pair up strong currencies against weak currencies
- Conduct Technical Analysis
- Narrow down your currency pairs of choice
- Go against the trading crowd, don’t forget to follow your feeling
- It’s better to open charts of at least seven currency pairs
- Skimming through the latest market news is a must
- Checking out latest trading strategies
- Pair up strong currencies against weak currencies
- Conduct Technical Analysis
- Narrow down your currency pairs of choice
- Go against the trading crowd, don’t forget to follow your feeling
Miembro desde Sep 12, 2015
posts 1933
Oct 19, 2018 at 15:53
My advice is start with one pair and learn everything you can about that pair ,that takes a lot of time especially for someone new,then look at other pairs related.
"They mistook leverage with genius".
Oct 21, 2018 at 06:13
I think that the best pairs are the ones that are the most liquid like EURUSD, USDJPY. The majors essentially. These are the ones that have the most readable price movement and low spreads. Take 3 or 4 of those and follow them only. Don't bother opening 100 charts and finding the "best" pair. The best pair is the one that you are familiar with and can know how it moves
Miembro desde Feb 22, 2011
posts 4573
Oct 21, 2018 at 06:19
JamesAnderson posted:
Few Tips to choose best currency pair
- It’s better to open charts of at least seven currency pairs
- Skimming through the latest market news is a must
- Checking out latest trading strategies
- Pair up strong currencies against weak currencies
- Conduct Technical Analysis
- Narrow down your currency pairs of choice
- Go against the trading crowd, don’t forget to follow your feeling
Or simply stick with EURUSD
Miembro desde Sep 12, 2015
posts 1933
Nov 01, 2018 at 14:29
Good advice from above, for someone new ,one currency is more than enough to begin with eur/usd is a good place to start, be careful trading weak against strong because its delayed data, we trade up to the news/data and after, some scalping on the release,I like to trade Gold to when its below 12.
"They mistook leverage with genius".
Nov 04, 2018 at 07:59
Currencies are not meant for long term investment unless you mean position trading which takes a long term view of a currency pair to trade. The best advice I can give is look for a currency pair that has gone from a high or a low for 1000 pips. Central (sovereign?) banks don't like that much continued movement in their currency in any one direction for economic reasons so they may signal the market movers by interest rates or a strong advisory statement to the world that they may step in to change the direction.
The strong currency of the pair is the one to look for of course. You may see signs of a reversal of a long term run around that 1000 pip mark. Or hear rumors of the central bank wanting a change around that area. Kurota of Japan and Drahi are famous for their 'advisories' but sometimes they cry "Wolf" too often.
This basically applies to the majors and other pairs which are freely traded. Exotic pairs are so volatile that who knows what they might be long term.😲
Good luck and be careful out there.
The strong currency of the pair is the one to look for of course. You may see signs of a reversal of a long term run around that 1000 pip mark. Or hear rumors of the central bank wanting a change around that area. Kurota of Japan and Drahi are famous for their 'advisories' but sometimes they cry "Wolf" too often.
This basically applies to the majors and other pairs which are freely traded. Exotic pairs are so volatile that who knows what they might be long term.😲
Good luck and be careful out there.
Nov 06, 2018 at 11:25
You could do speculative investment in some exotic currencies that have recently devalued, Turkish lira, Russian ruble, Argentinean Peso etc. They could be good speculative investments. But all exotics carry a lot more risk (and volatility) than the majors so be careful
Jul 13, 2019 at 06:44
The following 3 pairs are the best to trade as they are highly liquid and ensure good returns.
1. USD/EUR – This currency pair is the most popular currency pair as well as not too volatile. It has got the lowest spreads and so least risk.
2. USD/GBP – Though this pair is a volatile one however, one must keep in mind that larger profits come with larger risks. So many traders prefer to trade in this pair.
3. USD/JPY – It is another popular currency which has low spreads , less risk and a great chance of generating high profits for its traders.
Other than these pairs , the following tips will help an investor to choose which currencies to trade in.
• Trade in the major pairs. Majors pairs include the US DOLLAR as one currency such as USD/CAD , AUD/USD , USD/CHF ETC.
• Take a look at the charts. Try to analyse the trends by noticing which currencies are showing absurd patterns and which are going good.
• Pair up strong currencies with the weak currencies.
• Always remain updated about the news. The economies which are progressing are always good to trade forex in and vice versa.
1. USD/EUR – This currency pair is the most popular currency pair as well as not too volatile. It has got the lowest spreads and so least risk.
2. USD/GBP – Though this pair is a volatile one however, one must keep in mind that larger profits come with larger risks. So many traders prefer to trade in this pair.
3. USD/JPY – It is another popular currency which has low spreads , less risk and a great chance of generating high profits for its traders.
Other than these pairs , the following tips will help an investor to choose which currencies to trade in.
• Trade in the major pairs. Majors pairs include the US DOLLAR as one currency such as USD/CAD , AUD/USD , USD/CHF ETC.
• Take a look at the charts. Try to analyse the trends by noticing which currencies are showing absurd patterns and which are going good.
• Pair up strong currencies with the weak currencies.
• Always remain updated about the news. The economies which are progressing are always good to trade forex in and vice versa.
Jul 17, 2019 at 05:41
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
It differs from person to person based on their needs or expectations as traders such as long or short term aspect,spreads or you can choose the pairing of your interest because pairs tend to trending so choose which will suit you. You can keep yourself updated by latest market news or trying pair up strong currencies against weaker ones.
Miembro desde Feb 22, 2011
posts 4573
Jul 17, 2019 at 06:57
smith_fx posted:
The following 3 pairs are the best to trade as they are highly liquid and ensure good returns.
1. USD/EUR – This currency pair is the most popular currency pair as well as not too volatile. It has got the lowest spreads and so least risk.
2. USD/GBP – Though this pair is a volatile one however, one must keep in mind that larger profits come with larger risks. So many traders prefer to trade in this pair.
3. USD/JPY – It is another popular currency which has low spreads , less risk and a great chance of generating high profits for its traders.
Other than these pairs , the following tips will help an investor to choose which currencies to trade in.
• Trade in the major pairs. Majors pairs include the US DOLLAR as one currency such as USD/CAD , AUD/USD , USD/CHF ETC.
• Take a look at the charts. Try to analyse the trends by noticing which currencies are showing absurd patterns and which are going good.
• Pair up strong currencies with the weak currencies.
• Always remain updated about the news. The economies which are progressing are always good to trade forex in and vice versa.
USDEUR does not exist
It is EURUSD and yes that is quite different. It is higly volatile in fact because there are lot of political and economical news affecting both EUR and USD. Single Trump tweet moves the price a lot.
Jul 25, 2019 at 07:42
i think, gold is the best investment and as for best pair currency pair for investment, it has to be the majors. i know they are highly volatile but they will generate good rate of return and you can always go with buy on dips strategy because of the volatility. just my thought.
Jul 27, 2019 at 06:05
Currency pair decision is always being an important thing for a forex trader as what a trader will receive from his trading of currencies will greatly dependent on how he can make best from the trading of different currencies. Yes, we all traders can be different in trading needs and thereby choice of currency pairs can be varying. I usually love to work with major currency pairs as these pairs show less variability.
Miembro desde Jul 03, 2015
posts 9
Jul 28, 2019 at 21:52
TanEric posted:Hi Tan,
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
You must know which are the strongest and weakest currencies even before you go to your charts. If you trade long term, trade the fundamentals, if you day trade, trade the sentiment.
Miembro desde Jul 09, 2019
posts 37
Jul 31, 2019 at 09:18
To select a good currency pair, it is very important that you analyze all the charts carefully and also check for all the market updates. According to the market situation and your portfolio requirements, choose currency pairs that suit you. Don’t follow the crowd and do try to pair strong currencies against the weak ones. Then run technical analysis on the currency pairs you have shortlisted to finally reach to a decision.
Miembro desde Mar 05, 2017
posts 17
Jul 31, 2019 at 10:17
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
There are no best currency pairs to trade!
