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Best currency pair for trading

Jun 03, 2018 at 08:31
Przeglądane 5,200
99 Replies
Uczestnik z Mar 12, 2018   40 postów
Jun 03, 2018 at 08:31
Which is the best currency pair for trading and in how many pairs you trade generally?
Uczestnik z Dec 25, 2017   24 postów
Jun 03, 2018 at 10:05
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Uczestnik z Feb 13, 2013   48 postów
Jun 03, 2018 at 18:51
It's not that simple. Strong currency has to be supported by longer term fundamentals. Most of the time when you see the strongest currency which is driven by sentiment it is already too late to buy it. In that case you should look for s/r levels to fade it instead. There was broker survey carried out with a question; What is the most common trait of the traders? Most of the brokers responded - overreaction. This is a result of fear and greed. Therefore fading the spikes is the most popular short term strategy by the hedge funds.
What goes up, must go down
Uczestnik z Dec 25, 2017   24 postów
Jun 04, 2018 at 06:02
argreen posted:
It's not that simple. Strong currency has to be supported by longer term fundamentals. Most of the time when you see the strongest currency which is driven by sentiment it is already too late to buy it. In that case you should look for s/r levels to fade it instead. There was broker survey carried out with a question; What is the most common trait of the traders? Most of the brokers responded - overreaction. This is a result of fear and greed. Therefore fading the spikes is the most popular short term strategy by the hedge funds.

Yes...it really is that simple. Strong currencies are, by their very nature, supported by the fundamentals. That's why they are strong!
Uczestnik z Mar 12, 2018   40 postów
Jun 04, 2018 at 13:40
SwapTrader posted:
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
Uczestnik z Dec 25, 2017   24 postów
Jun 05, 2018 at 06:08
maria_taylor posted:
SwapTrader posted:
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?

If AUD is strong, and USD is weak, I buy the AUDUSD. If JPY is strong, and GBP is weak, I sell the GBPJPY. If CAD is strong, and EUR is weak, I buy the EURCAD. Currency strength-weakness determine the pair I will trade at a given point in time. Using the eight major currencies, and matching them on this basis, there are 28 currency pair combinations. My favourite currency pair is the one that currently represents the greatest divergence between strength on one side and weakness on the other. Let this be your guide to pair selection.
Uczestnik z Mar 12, 2018   40 postów
Jun 06, 2018 at 06:26
maria_taylor posted:
SwapTrader posted:
The pair that matches the strongest currency with the weakest currency. Take the eight major currencies AUD, EUR, GBP, NZD, CAD, CHF, JPY, and USD. Match the strongest with the weakest. If, for example, the GBP is strong, and the NZD is weak, sell the GBPNzD. There is a maximum of 28 currency pair combinations between these majors, and now you know which are the best to trade at a given point in time. Currency strength-weakness analysis is the key.
Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
That’s a nice way to choose currency pairs for trading. I also prefer major pairs to trade with, especially EUR/USD, GBP/USD, and USD/CAD. As these pairs are highly liquid and have low spreads also. Now I am planning to trade with EURO/GBP and AUD/CAD also.
Uczestnik z Feb 12, 2016   427 postów
Jun 06, 2018 at 14:17
I am most of the time also on EUR/USD , as maria-taylor says, that's the most tradable and liquid pair with low spreads... and I think as well traders with rather low experience tend to be on this pair...
Accept the loss as experience
Uczestnik z May 18, 2018   26 postów
Jun 12, 2018 at 10:50
depends... mostly on trade news, foreign relationships (geopolitics?), BIG banks... but, the price is always right! :)
begin fm below. no man w/ 4 aces asks for a new deal.
Uczestnik z Jun 01, 2018   1 postów
Jun 12, 2018 at 12:15
Trading on on majors is always good because there is almost always around 100 pipes up and down.
nasrul_poyo
forex_trader_458816
Uczestnik z Sep 11, 2017   124 postów
Jun 13, 2018 at 06:24
I love EURJPY 😁
When the pair trending, most martingale system sure will be wiped out 😂
Uczestnik z May 18, 2018   26 postów
Jun 13, 2018 at 14:40
of d big 8, eurjpy has 3% of d forex pie, same w/ eurgbp...
begin fm below. no man w/ 4 aces asks for a new deal.
Uczestnik z May 30, 2018   20 postów
Jul 01, 2018 at 06:54
TiffanyK posted:
I am most of the time also on EUR/USD , as maria-taylor says, that's the most tradable and liquid pair with low spreads... and I think as well traders with rather low experience tend to be on this pair...
. I’d also say EUR/USD, it has very good liquidity, tight spreads, high trading volumes, especially for novices.
forex_trader_535230
Uczestnik z Jun 29, 2018   27 postów
Jul 02, 2018 at 12:47
sarahlawrence posted:
TiffanyK posted:
I am most of the time also on EUR/USD , as maria-taylor says, that's the most tradable and liquid pair with low spreads... and I think as well traders with rather low experience tend to be on this pair...
. I’d also say EUR/USD, it has very good liquidity, tight spreads, high trading volumes, especially for novices.

But EUR/USD also tend to make violent moves that can scare off newer traders or traders who are less calm. Just my thoughts. I am sure traders who track EUR/USD or trade it often enough have seen/experienced it move big both ways within the day.
gouldii
forex_trader_431941
Uczestnik z May 23, 2017   8 postów
Jul 04, 2018 at 06:46
I've never found a good pair, but instead a good correlation 'set'.
Uczestnik z May 05, 2017   15 postów
Jul 04, 2018 at 09:58
What do you mean by a correlation set and how do you trade with it? I have not heard of that way of trading before
Uczestnik z Mar 26, 2018   31 postów
Sep 04, 2018 at 07:43
maria_taylor posted:
Which is the best currency pair for trading and in how many pairs you trade generally?

I have good experience in trading and I think, EUR/USD is the best currency pair for trading
Uczestnik z Sep 06, 2018   10 postów
Sep 11, 2018 at 15:02
EURUSD is by far the best. Others can be erratic and unpredictable but old faithful EURUSD just plods along nicely
Uczestnik z Sep 12, 2018   9 postów
Sep 12, 2018 at 11:35
EURUSD is a fairly solid pair. The moves aren't that big recently. I have moved more of my trading to EURJPY, it trades in a similar way to EURUSD but ATR is over 100 pips now
Uczestnik z Dec 09, 2015   823 postów
Sep 13, 2018 at 12:47
I think the answer to that question is subjective. What is the best currency pair for me may not be the one that is the best for you, i.e. the one you find the easiest to trade.
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