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Which pairs are your least favorite to trade? And why?
Mitglied seit Dec 05, 2020
76 Posts
Feb 24, 2022 at 11:44
Major pairs are trending so yes these are my favorite pairs too.
Mitglied seit Jan 20, 2022
30 Posts
Feb 25, 2022 at 04:20
My least favourite pair to trade in the forex market is CAD/JPY as it is not liquid at all and offers wider spreads.
Mitglied seit Aug 05, 2021
394 Posts
Mar 01, 2022 at 17:20
I stay away from exotic pairs and stick to major currency pairs for the most part.
Mar 07, 2022 at 05:10
Most traders avoid trading with pairs that have high spreads and high volatility. They are called exotic pairs. Such pairs are not profitable to trade because of the high level of risks associated with them. For instance, I have traded with EUR/TRF. It was a bad experience.
Mitglied seit Jul 20, 2020
385 Posts
Mar 09, 2022 at 08:06
I use USD crosses mainly as i can use the DXY to add as a confluence. I dont like CHF pairs they are choppy and move slowly
Mar 11, 2022 at 06:34
Exotic currency pairs are the most volatile currency pairs and should be avoided. These currency pairs have least liquidity and in order to trade them, traders need a big amount of deposit to meet the losses in the form of large spreads.
Mar 21, 2022 at 06:11
Most traders avoid trading with exotic pairs because they have high volatility and high spreads. However, some people do trade with them but they have more expertise. Personally, I do not trade pairs like USD/SEK, EUR/TRY, and USD/HKD.
Mitglied seit Nov 03, 2021
9 Posts
Mar 21, 2022 at 10:37
I tried trading with GBPJPY but the spreads are so large that it just didn't work out
Mitglied seit Nov 12, 2020
13 Posts
May 23, 2022 at 17:55
I notice traders claim about high volatility and they prefer less liquid currency pairs.
I stand for volatility because I am convinced that high volatility means th opportunity to earn more money potentially. Ofc, it's not right to hurry for money and traders should be wise and make moves gradually, nevertheless I believe that volatile pairs are the most suitable for scalpers and day traders. In case we are talking about the potential income. BUT, remember about mistakes, losses and other unpleasant things. They as a rule confuse traders and makes them scary of the market.
I am not afraid definitely =)
I stand for volatility because I am convinced that high volatility means th opportunity to earn more money potentially. Ofc, it's not right to hurry for money and traders should be wise and make moves gradually, nevertheless I believe that volatile pairs are the most suitable for scalpers and day traders. In case we are talking about the potential income. BUT, remember about mistakes, losses and other unpleasant things. They as a rule confuse traders and makes them scary of the market.
I am not afraid definitely =)
Mitglied seit Jun 26, 2020
323 Posts
Jun 03, 2022 at 07:39
right now i am trading with GBP/USD
Jun 14, 2022 at 11:43
I think currency pair selection is an important part of your overall trading approach. But I understand a lot of Forex traders are confused about which currency pairs to trade. I typically do not trade in exotic pairs as they are highly volatile and are illiquid. The spreads are extremely wide and have a lack of market depth. They are riskier as compared to major pairs which are rather stable. Exotic pairs feature low trading volumes which lead to lack of liquidity which is why I do not like trading in exotic pairs which is my personal viewpoint.
Jun 20, 2022 at 04:52
I am ok with trading any type of pair in general except for the exotic ones. I tried an exotic pair once and it did not go well. I think we can master any type of pair once we get experienced. But I am sticking to major pairs as of now.
Mitglied seit Jun 03, 2022
17 Posts
Jun 22, 2022 at 07:18
Currently it is the EUR/CHF and the USD/CHF. The Swiss increased the interest rates unexpectedly and all of a sudden. This caused a major hike in the exchange rates of pairs involving the Swiss Franc. I’d prefer not to trade this at the moment.
