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Choosing a pair

cranberrythekid
Sep 01 at 11:26
9 Posts
GJ has good volatility but I find it too unpredictable and even with the volatility the spread is generally larger than on other pairs which eats a lot of profit

Bradley88
Sep 01 at 13:35
37 Posts
'Choosing a pair might seem simple, but it is also important for a trader to choose the right pair because the strategy also depends on the type of pair that will be used.

Some pairs are chosen based on the time frame and volatility in the market.'

Suradi (FXOday)
Sep 01 at 23:39
166 Posts
Just trade in pair that really you understand with the character pair movement, although many traders suggest for EURUSD but if trader cant understands character pair, hence will often be swayed by fluctuation movement prices in the market and maybe often facing floating and dragged account decreasing equity. There are so many pairs in forex, usually, the USD pair has a low spread instead of cross pair and exotic pairs. in my FXOpen trading account, I like to trade on XAUUSD, included low spread and challenging trading pair.

Williamfreed
Sep 02 at 00:45
67 Posts
One of my favorite currency pairs in the market is the gbpusd, the pair is arguably the most volatile in the forex market, it offers a substantial number of trading opportunities each day, followed by the eurusd and the gbpnzd.
Apart from volatility, these are the currency pairs that work best with my trading system.

Karlos Fandango (Smith2525)
Sep 02 at 05:32
77 Posts
Williamfreed posted:
One of my favorite currency pairs in the market is the gbpusd, the pair is arguably the most volatile in the forex market, it offers a substantial number of trading opportunities each day, followed by the eurusd and the gbpnzd.
Apart from volatility, these are the currency pairs that work best with my trading system.


Not sure if I agree GBPUSD is the most volatile... GJ, EA, EN, GC, GN higher to name a few.

Great pair to trade though being a major.

Semrica
Sep 02 at 07:25
3 Posts
@cranberrythekid No doubt GBP/JPY is called The Widowmaker but a good forex hedging strategy might be helpful. It may help to mitigate your losses to a certain extent.

Tradelist45
Sep 02 at 07:33
148 Posts
we the traders should choose the pair which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the pair which has most lowest trading spreads.

Ramierez
Sep 02 at 10:41
26 Posts
I mostly trade with major currency pairs like EURUSD since they are widely used and are also stable when compared to other currency pairs.

croisssan
Sep 02 at 13:28
467 Posts
I try to choose a pair for work based on the current conditions in the market and the ability to work with this very pair.

Unellene
Sep 04 at 16:13
283 Posts
try different variants of pairs in your work, so you will understand how best to work for you

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