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How to select the Best Currency Pair for Investment?
Anggota Sejak Dec 06, 2016
33 pos
May 10, 2017 at 10:21
Anggota Sejak Dec 06, 2016
33 pos
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 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)
May 11, 2017 at 13:29
Anggota Sejak Feb 12, 2016
522 pos
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.
Anggota Sejak May 09, 2017
33 pos
May 11, 2017 at 13:48
Anggota Sejak May 09, 2017
33 pos
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.
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.
May 23, 2017 at 10:48
Anggota Sejak Dec 11, 2015
1487 pos
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.
Anggota Sejak Jun 02, 2017
13 pos
Anggota Sejak Sep 12, 2015
1948 pos
Jul 04, 2017 at 16:37
Anggota Sejak Sep 12, 2015
1948 pos
icepower72 posted:
here is another interesting question - is there a pair that you could call 'the most predictable' ..., anyone?
That depends on the trader, some who specialise in one currency have a higher hit rate, even when it doesn't behave as predictable they know it will revert, for me I would say eur/gbp but its a personal thing.
"They mistook leverage with genius".
Anggota Sejak May 09, 2017
33 pos
Jul 05, 2017 at 06:23
Anggota Sejak May 09, 2017
33 pos
I think predicting any currency pair is just a probability of either it will go up or down or will not. Everything depends on market fluctuations, sometimes geopolitical issues and disasters are responsible for a rate change in Forex Pairs which can't be predictable so as per my experience, there is nothing like the most predictable.
Anggota Sejak Nov 08, 2012
5 pos
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