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How to select the Best Currency Pair for Investment?

TanEric
May 09 2017 at 11:28
posts 6
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.

mlawson71
May 09 2017 at 13:32
posts 1487
That is a simple question with a complicated answer, which depends on a lot of things - what kind of spreads do you prefer, are you a long-term or a short-term trader, which pairings are you interested in to begin with, etc.etc.

alfredgervais16
May 10 2017 at 10:21
posts 33
Hi @TanEric

@mlawson71 is definitely correct. there's a lot to consider. however, to answer your question, the most common traded pairs are EUR/USD, GBP/USD and USD/JPY. But I will provide a link that contains brief articles to increase your knowledge about different currency pairs.

https://www.itrader.com/en/page/eur-usd (EUR/USD pair)
https://www.itrader.com/en/page/gbp-eur (Cross Currency trading)

mlawson71
May 10 2017 at 12:03
posts 1487
You could also look into secondary pairs like USDCAD, NZDUSD, GBPJPY, EURGBP, EURJPY and so on.

Baldo (BaldoN)
May 11 2017 at 13:29
posts 522
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.


No one can tell you which is the best FX pairs for trading that will suit for you :)

There are pairs tend to trending, other to ranging - just need to make small research and to find which will fit you.

If you want to invest rather to trade, then is better to chose trending market like USD/TRY or EUR/TRY or GBP/JPY or GBP/NZD that forms long trends and take advantage from the large price movement.

Also you need to be aware that they hide solid risk for your investment if the market does not follow your desired direction.

AmeliaChong
May 11 2017 at 13:48
posts 33
Hello @TanEric

I was just going through some blogs and got a blog https://www.mmfsolutions.sg/blog/forex-trading-tips-investment/

I hope it could help you.

Tiffany (TiffanyK)
May 12 2017 at 12:42
posts 427
What is your dilemma? I don’t think there is such thing as “Best Currency for trading”. More likely “best currency for applying your strategy

Accept the loss as experience
TanEric
May 19 2017 at 09:32
posts 6
mlawson71
May 23 2017 at 10:48
posts 1487
TiffanyK posted:
What is your dilemma? I don’t think there is such thing as “Best Currency for trading”. More likely “best currency for applying your strategy


That was my thought too - 'the best currency pair' is a very subjective choice that is different for different people based on their needs as traders.

Eino (icepower72)
Jul 04 2017 at 14:55
posts 13
here is another interesting question - is there a pair that you could call 'the most predictable' ..., anyone?

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