Which exotic pairs are good to use for trading?

Mar 28, 2022 at 10:40
7 Replies
Member Since Aug 21, 2021   61 posts
Mar 28, 2022 at 10:40
Please share your experience on what exotic pairs are quite good for trading.
Member Since Mar 25, 2022   3 posts
Mar 30, 2022 at 03:28
EURUSD is very good, the spread is small
Member Since Mar 30, 2022   6 posts
Mar 30, 2022 at 06:39
Fu7Ke posted:
EURUSD is very good, the spread is small
Agree. I also regularly trade on this pair. But I would not advise you to get involved with exotic ones, it is better according to the classics.
Member Since Nov 12, 2020   13 posts
May 16, 2022 at 21:18
exotic pairs are distinguished by the lack of high liquidity and this thing actually makes them hard to trading. I firstly traded exotic pairs when I had already have a 6 months experience in trading because I understand that high liquidity market is more preferable to me. Yeah, one can state that low liquidity means less volatility and it's true, but I got used to earn money on the volatile market that's why I am not interested in exotic pairs. Try something like gbp/mxn, I guess nowadays it's quite a fascinating currency pair. Try to combine the currencies based on the situation in the region, latin america for example these days is developing.
Member Since May 04, 2019   26 posts
Aug 14, 2022 at 16:44
Let's sort it out.
Exotic currency pairs are two economies that are still difficult to call developed.
So, it is a lack of stability (if we are talking about technical analysis).
It may be suitable for fundamental trading (but again, you have to wait for the moment and follow the situation very carefully).
Member Since Aug 20, 2019   21 posts
Aug 14, 2022 at 17:09
It is difficult to give specific advice on such matters. It is not, after all, a general recommendation.) So maybe you should listen to the majority opinion - use basic or cross pairs, and try exotics on demo for now and draw conclusions.
Maybe with time you will give up the idea altogether.
Member Since Aug 15, 2022   7 posts
Aug 15, 2022 at 15:24
rouble was best performing currency this year so could try that
Member Since Aug 17, 2022   45 posts
Sep 07, 2022 at 11:53
I usually go for EUR/USD currency pairs as they are the most valuable because they provide the highest liquidity among other pairs.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.