Which exotic pairs are good to use for trading?
Mar 28, 2022 at 10:40
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7 Replies
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.
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).
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).
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.
Maybe with time you will give up the idea altogether.
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