Choose a suitable pair according to your time frame because every pair has a level of movements daily, and using the correct time frame can give a trader the very best opportunity to profit from the market.
Mar 11 2021 at 09:04
EUR/USD is my favourite pair and I am glued to this pair only since long.
In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.
from all trading pair i like most major , because its safe and sounds to me than others.
Imamul posted:
from all trading pair i like most major , because its safe and sounds to me than others.
Same here mate. Majors are the best.
Mar 13 2021 at 17:20
LyudmilLukanov posted:
Major pairs are best to trade especially for new traders in my opinion.
Completely agree. :)
Demo accounts are an essential part of learning to trade. Every beginner trader should do demo trading for at least 5 months. Demo trading is a must to gain basic knowledge. If you want to develop skills, you have to do demo trading.
To be honest, it was quite difficult to choose certain pairs for trading, because each pair has its own peculiarity.
Most newbie traders usually trade a lot of pairs but to me that's not an ideal way to trade. Every currency pair has its own movement patterns. If one can understand that it becomes easier to trade. So it good to choose few pairs.
It needs a lot of experiment to find a suitable pair. Most new traders do few months of demo and they think they get the edge. But it is not true. When they start trading live they lose money due to lack of experience.
Apr 01 2021 at 13:16
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.
Most traders try to trade a lot pairs. But it is not a good idea to trade so many pairs. Trading few pairs will give more insights about those pair as you observe those pairs for a long time.
Despite the fact that brokers provide a large number of currency pairs that you can work with, it is best to have a few and completely focus on them.
Since in beginner trader, most experienced trader suggested to choose pair with a low spread like as EURUSD, USDJPY, and till now I like with those pair too, but in my daily trading usually open multiple pairs, like as EURUSD, EURJPY. GBPJPY, GBPUSD, sometimes I work correlation between pair
Apr 03 2021 at 05:49
angelicafreeman posted:
Choosing a pair can be difficult but if you make a detailed analysis about how a particular pair is doing in the market at the moment, it might work out fine.
yup analysis is a perfect pair to choose a perfect pair to pick up from.
Apr 08 2021 at 08:09
Every pair moves differently in the market. It is up to you to decide which pair’s movement you understand the best and can trade for the long-term.
It is an important step to choose a pair since every pair has a different value in the market and some can even be highly profitable.
Apr 09 2021 at 13:40
patriciablack posted:
Every pair moves differently in the market. It is up to you to decide which pair’s movement you understand the best and can trade for the long-term.
Very true. It depends on what style of trading you're doing too if you're scalping a fast pair is good if youre swinging a trending pair is best
May 06 2021 at 14:41
'Choose a pair that is suitable for you after analysis. Sometimes choosing a currency with a good broker can be an advantage.
For instance, I trade using EURUSD pair which is highly volatile, and my broker, spreads are stable even during high volatile market situations.
For instance, I trade using EURUSD pair which is highly volatile, and my broker, spreads are stable even during high volatile market situations.
BarronLucas posted:
'Choose a pair that is suitable for you after analysis. Sometimes choosing a currency with a good broker can be an advantage.
For instance, I trade using EURUSD pair which is highly volatile, and my broker, spreads are stable even during high volatile market situations.
Agree, broker can have a good influence in currency pairs, some may enhance them and some may weaken them
