I think the EUR / USD pair and most profitable of all the pairs that is what you are thinking the same thing as me?
usd
Aug 20 2012 at 08:50
It is the most traded pair and therefore may offer more opportunities, but as far as profitability is concerned I can't agree with you. Sophisticated traders will find very profitable opportunities in all pairs.
Pax puts the X in Forex.
Aug 20 2012 at 13:44
TheLastBear posted:
It is the most traded pair and therefore may offer more opportunities, but as far as profitability is concerned I can't agree with you. Sophisticated traders will find very profitable opportunities in all pairs.
Well said. Profitability is ability to create a trading system with an edge. If some instrument was more profitable than others, then everyone would just trade it only.
thank you for the information dear trader I hope that I can learn more from you
usd
Aug 21 2012 at 06:48
you should also count GBPUSD, in some way it correlates with EURUSD
Aug 21 2012 at 07:01
MRodrigez posted:
you should also count GBPUSD, in some way it correlates with EURUSD
Yes, trading correlated pairs is the same as trading the same pair twice, so I would avoid that as that simply increases risk (putting all eggs in one basket).
Correlations I've noticed are (from most correlated to less correlated):
EURUSD - USDCHF (negative correlation)
EURUSD - GBPUSD (positive correlation)
GBPUSD - USDCHF (negative correlation)
NZDUSD - USDCAD (negative correlation)
Aug 21 2012 at 08:24
If correlation is your concern, you should look up a correlation table (eg : https://www.forexticket.co.uk/en/tools/01-01-correlation) before making a decision on what pairs to trade.
Thanks for the reference. I also thought that eur/usd is the most profitable, but I probably meant that it was the safest pair (well is it???)
lkwong posted:
If correlation is your concern, you should look up a correlation table (eg : https://www.forexticket.co.uk/en/tools/01-01-correlation) before making a decision on what pairs to trade.
Aug 31 2012 at 12:54
guru posted:
Thanks for the reference. I also thought that eur/usd is the most profitable, but I probably meant that it was the safest pair (well is it???)lkwong posted:
If correlation is your concern, you should look up a correlation table (eg : https://www.forexticket.co.uk/en/tools/01-01-correlation) before making a decision on what pairs to trade.
It is neither. Having said that, it is the most liquid pair, the most trade pair so therefore the most active one.
Pax puts the X in Forex.
