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How to select the Best Currency Pair for Investment?

RichPort
Sep 26 2018 at 07:39
9 posts
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

Sagarmatha
Sep 26 2018 at 10:28
9 posts
Crypto aren't performing lately. Many just go sideways or downwards. Not the big wins that happen in 2017. I think crypto dying

togr (togr)
Sep 26 2018 at 14:05
4862 posts
Crypto is a lot volatile.
It could make or lose 100% a day.
Patience is the key [and good crypto selection]

JamesAnderson
Oct 19 2018 at 09:20
31 posts
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


dianajs
Oct 19 2018 at 15:29
823 posts
I think it depends on the experience of the person trading. Seven currency pairs at the same time may be a bit too much for an unexperienced trader, but just enough for a someone who has traded for years.

snapdragon1970 (snapdragon1970)
Oct 19 2018 at 15:53
1944 posts
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".
RedSox
Oct 21 2018 at 06:13
10 posts
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

togr (togr)
Oct 21 2018 at 06:19
4862 posts
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

bellabella
Nov 01 2018 at 07:04
10 posts
I like to trade GOLD. But such currency pairs as EURUSD, GBPUSD are also my favorite.
I would like to know your opinion about trading on the news. What do you think about this?

dianajs
Nov 01 2018 at 13:57
823 posts
I prefer to avoid trading news for the most part. Why do you like trading Gold?

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