Exotic pairs.

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.

robindude posted:
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 too prefer majors only because they represent some of the world's most stable economies.

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.

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.

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:
I only prefer eurusd, gbpusd. Those two are the best option for me.

Yes, I think so too. Major pairs should be traded. Major pairs are much safer to trade.

New traders should avoid those pairs to trade.

As for me, exotic goods are traded by professionals who want to try something new