Which pairs are your least favorite to trade? And why?

Breonnataylor posted:

Mariel23134 posted:
I prefer to trade USD EUR. In my opinion, this is the most understandable and predictable pair.

Absolutely I agree with you that EUR/USD is the easiest pair for anyone trading in forex. It is not complex and heavily liquid which is a plus. I think traders should use common pairs of trading initially.

No doubt EUR/USD are the most easiest pairs of trading but I think after some time a trader should invest his/her time to learn about the exotic forex pairs like ZAR/USD because they hold more profit potential. When the major pairs are stagnated or not providing profits, exotic pairs can come to the rescue.

sailingconsist posted:

Breonnataylor posted:

Mariel23134 posted:
I prefer to trade USD EUR. In my opinion, this is the most understandable and predictable pair.

Absolutely I agree with you that EUR/USD is the easiest pair for anyone trading in forex. It is not complex and heavily liquid which is a plus. I think traders should use common pairs of trading initially.

No doubt EUR/USD are the most easiest pairs of trading but I think after some time a trader should invest his/her time to learn about the exotic forex pairs like ZAR/USD because they hold more profit potential. When the major pairs are stagnated or not providing profits, exotic pairs can come to the rescue.

When the spreads get huge according to my time zone, trading gets very unprofitable. So I totally agree with you that exotic pairs can be very useful in these tricky situations. I also trade other pairs as well like the major pairs like GBP/USD and EUR/USD, depending on the time I’m trading in. That’s why I use brokers with lower swap/rollover rates and spreads at all times. Currently using Fxview and IB, which ones are you using?

There are other popular pairs apart from USD/EUR for trading like AUD/CAD,USD/JPY, USD/GBP etc. which are worth exploring. Newbies shouldn’t venture outside this zone.

Marshalsam877 posted:
There are other popular pairs apart from USD/EUR for trading like AUD/CAD,USD/JPY, USD/GBP etc. which are worth exploring. Newbies shouldn’t venture outside this zone.

Absolutely. Exotic pair trading should not be undertaken by people with less experience because as the chance for the profit increases, the same is the risk for loss. It’s always better to balance out. In fact that’s why I am using an assortment of brokers ranging from Pepperstone to Fxview because this helps me in better risk management. Multiple brokers and multiple currencies is my strategy.

sailingconsist posted:

Marshalsam877 posted:
There are other popular pairs apart from USD/EUR for trading like AUD/CAD,USD/JPY, USD/GBP etc. which are worth exploring. Newbies shouldn’t venture outside this zone.

Absolutely. Exotic pair trading should not be undertaken by people with less experience because as the chance for the profit increases, the same is the risk for loss. It’s always better to balance out. In fact that’s why I am using an assortment of brokers ranging from Pepperstone to Fxview because this helps me in better risk management. Multiple brokers and multiple currencies is my strategy.

Actually I am fairly new in exotic pair trading and mostly practicing them in demo. With major pairs I am sure of strategy but want to increase my profits. Do share the strategies you use for exotic pair trading! Thanks!

I believe some exotic pairs can really be a pain in the neck and are difficult to trade. I avoid them as much as I can. Major pairs are good to trade.

sailingconsist posted:

Breonnataylor posted:

Mariel23134 posted:
I prefer to trade USD EUR. In my opinion, this is the most understandable and predictable pair.

Absolutely I agree with you that EUR/USD is the easiest pair for anyone trading in forex. It is not complex and heavily liquid which is a plus. I think traders should use common pairs of trading initially.

No doubt EUR/USD are the most easiest pairs of trading but I think after some time a trader should invest his/her time to learn about the exotic forex pairs like ZAR/USD because they hold more profit potential. When the major pairs are stagnated or not providing profits, exotic pairs can come to the rescue.

EURUSD is also my favorite.

acidhinity posted:
I believe some exotic pairs can really be a pain in the neck and are difficult to trade. I avoid them as much as I can. Major pairs are good to trade.

Yes. I agree with you.

so many trading pairs are available in this market place and honestly speaking most of them can be useful if you have most powerful analyzing trade knowledge.

AUDNZD is the worse pair for me, im not a fan of trading anything really outside USD pairs, study them for years

Major pairs are popular trading pairs and new traders should start with those pairs first.

All pairs are good in my opinion. I prefer the least exotic pairs.

Any exotic pair is least favourite to trade. They hardly have any pattern and move a lot. They are very risky pairs to trade.

as a scalper my favorite pair which has most lowest trading
spreads that is very supportive to bring profit with certainly by scalping that bring profit very rapidly .

cardigan posted:
Just like I mentioned in the title. Looking forward to hear some opinions.

My favourite is EURUSD

Actually, least preferable pairs are those which don't include major currencies, such as gbp, eur, usd and jpy. I don't know why, but I started to notice that I never use pairs like chf/rub or somehing like that. Maybe, it's my mistake but I trust only those currencies which are admitted as the world biggest currencies.

reece22 posted:

cardigan posted:
Just like I mentioned in the title. Looking forward to hear some opinions.

My favourite is EURUSD

all the same, this option is probably one of the most popular among all traders

Generally, I prefer to trade with major pairs because they are easy to trade and more liquid and less volatile. For instance, EUR/USD and USD/JPY. There is also a lot of information available on them, so traders can perform their analysis easily. I avoid exotic pairs because they are extremely volatile. For example, USD/MXN and USD/ZAR. Traders should also avoid using high leverage with these because this could lead to huge losses.

Pairs tied to CHF and JPY for me. Especially with each other!