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Choosing a pair

Akasuki
Jul 27 at 08:06
288 Posts
@glendawhite I prefer GBPUSD. It seems I understand this pair more than other pairs. Yeah EURUSD is a safe pair.

Marcel Durham (MarcellusLux)
Jul 27 at 09:38
87 Posts
The best way to choose a trading pair is to compare the news, volatility and risk data before trading and choose the option that is expected to bring the most profit. Don't look at just one pair, improve your trading and knowledge by using several.

Lexxt
Aug 28 at 18:50
8 Posts
I believe that you shouldn't spend too much time on choosing a trading pair mostly because it's just a waste of time. You just have to find out which one is the most preferable for you by checking the news, volatility and actually opportunities to earn money on a particular pair. Hence you should do it very carefully, but fast in order to save your time. Of course, no doubts, that it's very important for a trader to determine which asset is the most suitable for you, nevertheless there are lots of other things to which you will have to dedicate your time. In my opinion, you'd better concentrate on your trading strategy.

UweMoench
Aug 31 at 10:08
589 Posts
You have to take time to understand a pair. Every pair has its own certain movement pattern. Without spending time on it you can not find them out.

croisssan
Aug 31 at 11:40
308 Posts
Usually I try to choose a couple for work with whom I already have work experience. This allows you to get a more positive work result.

Ilya_Brovarchuk
Aug 31 at 19:22
3 Posts
Different pairs have different properties and they can be treated not as different types of one particular financial instruments, but as different instruments. More than that, many trading strategies can perform differently while trading with different currency pairs. So, before switching to another pair, prepare yourself for such a move.

Suradi (FXOday)
Sep 01 at 00:09
138 Posts
There are so many pairs available in the forex market, but it depending on broker policy, because each broker is not the same about their service, but usually major pairs become the most selected pairs among traders, the reason is low spread and high volatility, but another cross pair like as GBPJPY, also good pair to trade, because high volatility

CraigMcG2020
Sep 01 at 07:01
129 Posts
Lexxt posted:
I believe that you shouldn't spend too much time on choosing a trading pair mostly because it's just a waste of time. You just have to find out which one is the most preferable for you by checking the news, volatility and actually opportunities to earn money on a particular pair. Hence you should do it very carefully, but fast in order to save your time. Of course, no doubts, that it's very important for a trader to determine which asset is the most suitable for you, nevertheless there are lots of other things to which you will have to dedicate your time. In my opinion, you'd better concentrate on your trading strategy.


I agree with this you should be fitting the strategy to the pair not the opposite way around. Some love trading GU but it doesn't suit their trading style. Its all about adapting to how you trade

Marcel Durham (MarcellusLux)
Sep 01 at 09:59
87 Posts
FXOday posted:
There are so many pairs available in the forex market, but it depending on broker policy, because each broker is not the same about their service, but usually major pairs become the most selected pairs among traders, the reason is low spread and high volatility, but another cross pair like as GBPJPY, also good pair to trade, because high volatility

Pound Yen pair has a good volatility and covers 2 largest markets and, accordingly, 2 trading sessions. Good volatility and unpredictable impulses make this pair challenging for newbies, but tempting for those who know how to control risk.

croisssan
Sep 01 at 11:02
308 Posts
In general, I think that it is easier to work with those pairs with which you can achieve a good result.

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