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Which pairs are your least favorite to trade? And why?
Mitglied seit Jun 30, 2020
43 Posts
Jan 22, 2021 at 13:20
sailingconsist posted:Marshalsam877 posted:
There are other popular pairs apart from USD/EUR for trading like AUD/CAD,USD/JPY, USD/GBP etc. which are worth exploring. Newbies shouldn’t venture outside this zone.
Absolutely. Exotic pair trading should not be undertaken by people with less experience because as the chance for the profit increases, the same is the risk for loss. It’s always better to balance out. In fact that’s why I am using an assortment of brokers ranging from Pepperstone to Fxview because this helps me in better risk management. Multiple brokers and multiple currencies is my strategy.
Actually I am fairly new in exotic pair trading and mostly practicing them in demo. With major pairs I am sure of strategy but want to increase my profits. Do share the strategies you use for exotic pair trading! Thanks!
Mitglied seit Mar 17, 2021
494 Posts
Jul 29, 2021 at 12:50
sailingconsist posted:Breonnataylor posted:Mariel23134 posted:
I prefer to trade USD EUR. In my opinion, this is the most understandable and predictable pair.
Absolutely I agree with you that EUR/USD is the easiest pair for anyone trading in forex. It is not complex and heavily liquid which is a plus. I think traders should use common pairs of trading initially.
No doubt EUR/USD are the most easiest pairs of trading but I think after some time a trader should invest his/her time to learn about the exotic forex pairs like ZAR/USD because they hold more profit potential. When the major pairs are stagnated or not providing profits, exotic pairs can come to the rescue.
EURUSD is also my favorite.
Mitglied seit Jul 23, 2020
816 Posts
Aug 04, 2021 at 10:00
Major pairs are popular trading pairs and new traders should start with those pairs first.
Mitglied seit Jul 23, 2020
696 Posts
Sep 05, 2021 at 13:40
All pairs are good in my opinion. I prefer the least exotic pairs.
Mitglied seit Jun 12, 2021
132 Posts
Sep 06, 2021 at 07:42
as a scalper my favorite pair which has most lowest trading
spreads that is very supportive to bring profit with certainly by scalping that bring profit very rapidly .
spreads that is very supportive to bring profit with certainly by scalping that bring profit very rapidly .
Dec 02, 2021 at 14:57
Actually, least preferable pairs are those which don't include major currencies, such as gbp, eur, usd and jpy. I don't know why, but I started to notice that I never use pairs like chf/rub or somehing like that. Maybe, it's my mistake but I trust only those currencies which are admitted as the world biggest currencies.
Mitglied seit Nov 23, 2021
34 Posts
Dec 10, 2021 at 06:38
Generally, I prefer to trade with major pairs because they are easy to trade and more liquid and less volatile. For instance, EUR/USD and USD/JPY. There is also a lot of information available on them, so traders can perform their analysis easily. I avoid exotic pairs because they are extremely volatile. For example, USD/MXN and USD/ZAR. Traders should also avoid using high leverage with these because this could lead to huge losses.
Mitglied seit Apr 09, 2019
516 Posts
Dec 10, 2021 at 10:21
Pairs tied to CHF and JPY for me. Especially with each other!
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Dec 14, 2021
28 Posts
Feb 18, 2022 at 05:30
Jordan5ith posted:
I avoid trading with exotic pairs since they are difficult to trade and also the most troublesome pairs because they are not very liquid.
I agree, Even I don’t prefer exotic currency pairs. I prefer trading EUR/USD and GBP/JPY major currency pairs.
Mitglied seit Jan 13, 2022
18 Posts
Feb 18, 2022 at 09:17
EURUSD trading pair is what i prefer and don't like USDCAD.
