traders should choose the currency pair which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
The favorite ones are major currency pairs, these are pairs which include US dollar, because I am convinced that the high liquidity of these pairs can help traders to boost their account, even if they are lack of experience in trading.
Sometimes, when I am in high spirits, I can trade cross currency pairs, which include all the major currencies despite US dollar, for example gbp/eur or jpy/gbp. Basically, all the combinations.
Crazy traders prefer trading low liquidity pairs, exotic ones, for example gbp/brl. Omg, I can't imagine that I would pick this pair as my primary one. Stressful enough I think, but some traders are succeeded.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.