I trading EUR as normal with support and resistance but I am not trading GBP. I do not know why anyone would right now. Way to erratic prove movement. Euro still has OK price movement so I have been able to scrape some pips
The major pairs always take a big toll in the market. This is mainly because of their liquidity. Traders would want to trade in a currency pair that would easily sell off. I mean the one that has higher movement. Trading in the major or liquid pairs is also much economical due to a reduction in spread fee if compared with the minor exotic pairs.
Now my favorite pair is the EURUSD . this is due to its high volume. This is what we want to see in the market. volume and liquidity and this pair has it all. it is my best pair to trade as far as Forex is concern.
so many pair in Fx trading and we choose our right pair according to our understanding , 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.
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