When you have picked your pair, completed your analysis and chose a procedure, you are prepared to begin trading. To do this, open the arrangement ticket for your picked market and – to go short – select the 'sell' choice. Then again, on the off chance that you wanted to go long, you would choose 'buy'. From this window, you can likewise choose whether you wish to add any stops or points of confinement to your exchanges, which can restrain losses and lock-in benefits. In the event that you wish to close your position, you would basically make the contrary exchange to the one which you made to open it – a buy position on a short exchange, and a sell position on a long exchange.
Well; I didn’t choose any pair randomly; till now I am make dealing with 6 trading pairs based on the result of my demo trading account!
Now my favorite pair is the EURUSD . this is due to its high volume. This is what we want to see in the market. volume and liquidity and this pair has it all. it is my best pair to trade as far as Forex is concern.
every trading pair can be better for your trading , if you have real knowledge and experience.
Hello buddy, it’s more than 3 months. What’s your progress? How many pairs you are using right now?
Each currency pair at Forex has its own peculiarities, the knowledge of which will help to make a profit, so it is important to choose the right currency pair, so that trading on it is profitable and meets the trader's temperament. The problem of choosing a currency pair is often an actual problem for a beginner trader. Many people try to trade only one currency pair, others simultaneously several, and some try cross rates. And there is no single correct advice, because each of the options may be correct, and the only way to understand this is to try trading on a demo account.
Dec 30 2019 at 04:39
45656 posted:
When you have picked your pair, completed your analysis and chose a procedure, you are prepared to begin trading. To do this, open the arrangement ticket for your picked market and – to go short – select the 'sell' choice. Then again, on the off chance that you wanted to go long, you would choose 'buy'. From this window, you can likewise choose whether you wish to add any stops or points of confinement to your exchanges, which can restrain losses and lock-in benefits. In the event that you wish to close your position, you would basically make the contrary exchange to the one which you made to open it – a buy position on a short exchange, and a sell position on a long exchange.
I trade high volatile pairs as I scalp to make profits, I do not trade slow pairs, as it will get me bored waiting and wasting times, and I take lose when needed , if a pair wast a lot of my time and I see opportunities on other pairs, abd from my analyst and i see the current pair I'm trading will not go further in my favour, I take my lose and trade other pairs.
I do not use stops anyway but can decide to use it, and I don't trade the news.
Trender
so many pair in Fx trading and we choose our right pair according to our understanding , traders should choose the pair which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the pair which has most lowest trading spreads.
Feb 04 2020 at 05:50
i have to say that choosing pairs must be done to understand the volatility for scalping, trading concept, better liquidity, lowest spreads and many more...i am sure there are more.
Why is going long 'on the off chance'?
If I work with currency pairs, I try to find those that have the greatest movement potential - that's all...
I like to work with gold, and since this metal correlates perfectly with the dollar, the choice is obvious.
gbp/nzd has biggest range daily of main currencies.followed by gbp/aud.
it seems to me that you can work with any currency pair if you have an understanding of the market, and it does not matter what time of day or what news is out - if you have knowledge you can earn anyway
I do not have a favorite currency pair, but I do not like to trade with the Japanese yen, I have never had a difficult situation with this asset, the feeling that it lives its life outside the market.
45656 posted:
When you have picked your pair, completed your analysis and chose a procedure, you are prepared to begin trading. To do this, open the arrangement ticket for your picked market and – to go short – select the 'sell' choice. Then again, on the off chance that you wanted to go long, you would choose 'buy'. From this window, you can likewise choose whether you wish to add any stops or points of confinement to your exchanges, which can restrain losses and lock-in benefits. In the event that you wish to close your position, you would basically make the contrary exchange to the one which you made to open it – a buy position on a short exchange, and a sell position on a long exchange.
i'm newbie and don’t understand something but i think trading in the lock-in you are lose at any case. after all you pay a commission swaps. nd i would like to have only profit.
i don't even know what pair to choose. maybe should start with the most popular ones like eurodolloar. what do you think?
I mostly trade with USDJPY and EURNZD-great liquidity and spreads on them. But sometimes news can lead to me opening trades on USDINR or AUDJPY-when I can be confident enough.
Don’t focus on multiple pairs in your early stage! In my demo, I started with only EURUSD and lately added GBPUSD.
