Are exotic pairs better than Major currency pairs and which exotic pair is safe to trade?
Exotic pairs moves a lot. For newbies it's not a good idea to trade exotic pair. With lot of experiment you have to find out what pair suits you. Not everyone likes same pair.
I would say that majors are much safer to consider while trading than exotic pairs, the exotic pairs have much higher volatility and lower liquidity volume.
Jun 04 2021 at 10:18
robindude posted:I too prefer majors only because they represent some of the world's most stable economies.
I would say that majors are much safer to consider while trading than exotic pairs, the exotic pairs have much higher volatility and lower liquidity volume.
I agree as well that major pairs are much better and safer to trade compared to exotic pairs. It is better even for beginners to use major pairs because the exotic pairs move a lot.
I think new traders and professional traders are divided into two groups. Professional traders can trade in Exotic pairs but new traders cannot trade in this pair. Major pair best for newcomers. Because the volatility of major and exotic pairs is not the same.
Jun 04 2021 at 19:32
I only prefer major pairs! Minors and exotics are a bit unpredictable, at least from my experience. And I honestly don't understand why we need to dabble in something we're unfamiliar with when we can earn from the ones we're already familiar with.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I only prefer eurusd, gbpusd. Those two are the best option for me.
Determine for yourself clearly whether you are ready to work with exclusive couples and if you know how to do it.
Do traders use exotic pairs, and is it safe for beginners to try trading with a few exotic pairs?
RobSchiz posted:Yes, I think so too. Major pairs should be traded. Major pairs are much safer to trade.
I only prefer eurusd, gbpusd. Those two are the best option for me.
Jun 27 2021 at 17:58
New traders should avoid those pairs to trade.
Jun 28 2021 at 16:08
'I currently trade with FP markets using major currency pairs like EURUSD, and their spreads began at an average of 0.0 pips for most parts of the trade.
Will the spreads began at the same rate when trading with exotic pairs as well?
Will the spreads began at the same rate when trading with exotic pairs as well?
As for me, exotic goods are traded by professionals who want to try something new
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