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Choosing a pair

angelicafreeman
Apr 01 at 13:16
13 Posts
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.

UweMoench
Apr 01 at 13:56
635 Posts
Most traders try to trade a lot pairs. But it is not a good idea to trade so many pairs. Trading few pairs will give more insights about those pair as you observe those pairs for a long time.

Malajind
Apr 02 at 06:01
75 Posts
Despite the fact that brokers provide a large number of currency pairs that you can work with, it is best to have a few and completely focus on them.

Suradi (FXOday)
Apr 03 at 02:22
165 Posts
Since in beginner trader, most experienced trader suggested to choose pair with a low spread like as EURUSD, USDJPY, and till now I like with those pair too, but in my daily trading usually open multiple pairs, like as EURUSD, EURJPY. GBPJPY, GBPUSD, sometimes I work correlation between pair

richardmarcus
Apr 03 at 05:49
104 Posts
angelicafreeman posted:
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.

yup analysis is a perfect pair to choose a perfect pair to pick up from.

patriciablack
Apr 08 at 08:09
21 Posts
Every pair moves differently in the market. It is up to you to decide which pair’s movement you understand the best and can trade for the long-term.

brianna
Apr 09 at 05:17
24 Posts
It is an important step to choose a pair since every pair has a different value in the market and some can even be highly profitable.

CraigMcG2020
Apr 09 at 13:40
158 Posts
patriciablack posted:
Every pair moves differently in the market. It is up to you to decide which pair’s movement you understand the best and can trade for the long-term.


Very true. It depends on what style of trading you're doing too if you're scalping a fast pair is good if youre swinging a trending pair is best

BarronLucas
May 06 at 14:41
27 Posts
'Choose a pair that is suitable for you after analysis. Sometimes choosing a currency with a good broker can be an advantage.

For instance, I trade using EURUSD pair which is highly volatile, and my broker, spreads are stable even during high volatile market situations.

robindude
May 07 at 07:03
103 Posts
BarronLucas posted:
'Choose a pair that is suitable for you after analysis. Sometimes choosing a currency with a good broker can be an advantage.

For instance, I trade using EURUSD pair which is highly volatile, and my broker, spreads are stable even during high volatile market situations.

Agree, broker can have a good influence in currency pairs, some may enhance them and some may weaken them

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