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Best currency pair for trading
Členem od Mar 12, 2018
39 příspěvků
Jun 03, 2018 at 08:31
Which is the best currency pair for trading and in how many pairs you trade generally?
Členem od Dec 25, 2017
22 příspěvků
Jun 03, 2018 at 10:05
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Členem od Feb 13, 2013
44 příspěvků
Jun 03, 2018 at 18:51
It's not that simple. Strong currency has to be supported by longer term fundamentals. Most of the time when you see the strongest currency which is driven by sentiment it is already too late to buy it. In that case you should look for s/r levels to fade it instead. There was broker survey carried out with a question; What is the most common trait of the traders? Most of the brokers responded - overreaction. This is a result of fear and greed. Therefore fading the spikes is the most popular short term strategy by the hedge funds.
What goes up, must go down
Členem od Dec 25, 2017
22 příspěvků
Jun 04, 2018 at 06:02
argreen posted:
It's not that simple. Strong currency has to be supported by longer term fundamentals. Most of the time when you see the strongest currency which is driven by sentiment it is already too late to buy it. In that case you should look for s/r levels to fade it instead. There was broker survey carried out with a question; What is the most common trait of the traders? Most of the brokers responded - overreaction. This is a result of fear and greed. Therefore fading the spikes is the most popular short term strategy by the hedge funds.
Yes...it really is that simple. Strong currencies are, by their very nature, supported by the fundamentals. That's why they are strong!
Členem od Mar 12, 2018
39 příspěvků
Jun 04, 2018 at 13:40
SwapTrader posted:
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
Členem od Dec 25, 2017
22 příspěvků
Jun 05, 2018 at 06:08
maria_taylor posted:SwapTrader posted:
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
If AUD is strong, and USD is weak, I buy the AUDUSD. If JPY is strong, and GBP is weak, I sell the GBPJPY. If CAD is strong, and EUR is weak, I buy the EURCAD. Currency strength-weakness determine the pair I will trade at a given point in time. Using the eight major currencies, and matching them on this basis, there are 28 currency pair combinations. My favourite currency pair is the one that currently represents the greatest divergence between strength on one side and weakness on the other. Let this be your guide to pair selection.
Členem od Mar 12, 2018
39 příspěvků
Jun 06, 2018 at 06:26
maria_taylor posted:SwapTrader posted:
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
That’s a nice way to choose currency pairs for trading. I also prefer major pairs to trade with, especially EUR/USD, GBP/USD, and USD/CAD. As these pairs are highly liquid and have low spreads also. Now I am planning to trade with EURO/GBP and AUD/CAD also.
Členem od Feb 12, 2016
394 příspěvků
Jun 06, 2018 at 14:17
I am most of the time also on EUR/USD , as maria-taylor says, that's the most tradable and liquid pair with low spreads... and I think as well traders with rather low experience tend to be on this pair...
Accept the loss as experience
Členem od May 18, 2018
24 příspěvků
Jun 12, 2018 at 10:50
depends... mostly on trade news, foreign relationships (geopolitics?), BIG banks... but, the price is always right! :)
begin fm below. no man w/ 4 aces asks for a new deal.
Členem od Jun 01, 2018
1 příspěvků
Jun 12, 2018 at 12:15
Trading on on majors is always good because there is almost always around 100 pipes up and down.
forex_trader_458816
Členem od Sep 11, 2017
117 příspěvků
Jun 13, 2018 at 06:24
I love EURJPY 😁
When the pair trending, most martingale system sure will be wiped out 😂
When the pair trending, most martingale system sure will be wiped out 😂
Členem od May 18, 2018
24 příspěvků
Jun 13, 2018 at 14:40
of d big 8, eurjpy has 3% of d forex pie, same w/ eurgbp...
begin fm below. no man w/ 4 aces asks for a new deal.
Členem od May 30, 2018
20 příspěvků
Jul 01, 2018 at 06:54
TiffanyK posted:. I’d also say EUR/USD, it has very good liquidity, tight spreads, high trading volumes, especially for novices.
I am most of the time also on EUR/USD , as maria-taylor says, that's the most tradable and liquid pair with low spreads... and I think as well traders with rather low experience tend to be on this pair...
forex_trader_535230
Členem od Jun 29, 2018
27 příspěvků
Jul 02, 2018 at 12:47
sarahlawrence posted:TiffanyK posted:. I’d also say EUR/USD, it has very good liquidity, tight spreads, high trading volumes, especially for novices.
I am most of the time also on EUR/USD , as maria-taylor says, that's the most tradable and liquid pair with low spreads... and I think as well traders with rather low experience tend to be on this pair...
But EUR/USD also tend to make violent moves that can scare off newer traders or traders who are less calm. Just my thoughts. I am sure traders who track EUR/USD or trade it often enough have seen/experienced it move big both ways within the day.
forex_trader_431941
Členem od May 23, 2017
10 příspěvků
Jul 04, 2018 at 06:46
I've never found a good pair, but instead a good correlation 'set'.
Členem od May 05, 2017
15 příspěvků
Jul 04, 2018 at 09:58
What do you mean by a correlation set and how do you trade with it? I have not heard of that way of trading before
Členem od Mar 26, 2018
29 příspěvků
Sep 04, 2018 at 07:43
maria_taylor posted:
Which is the best currency pair for trading and in how many pairs you trade generally?
I have good experience in trading and I think, EUR/USD is the best currency pair for trading
Členem od Sep 06, 2018
9 příspěvků
Sep 11, 2018 at 15:02
EURUSD is by far the best. Others can be erratic and unpredictable but old faithful EURUSD just plods along nicely
Členem od Sep 12, 2018
8 příspěvků
Sep 12, 2018 at 11:35
EURUSD is a fairly solid pair. The moves aren't that big recently. I have moved more of my trading to EURJPY, it trades in a similar way to EURUSD but ATR is over 100 pips now
Členem od Dec 09, 2015
823 příspěvků
Sep 13, 2018 at 12:47
I think the answer to that question is subjective. What is the best currency pair for me may not be the one that is the best for you, i.e. the one you find the easiest to trade.
