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Which pairs are your least favorite to trade? And why?
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Jan 21, 2021 at 03:58
Membro Desde Oct 09, 2020
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Mariel23134 posted: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.
I prefer to trade USD EUR. In my opinion, this is the most understandable and predictable pair.
Membro Desde Oct 26, 2020
33 posts
Jan 21, 2021 at 10:55
Membro Desde Oct 26, 2020
33 posts
Breonnataylor posted: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.Mariel23134 posted: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.
I prefer to trade USD EUR. In my opinion, this is the most understandable and predictable pair.
Membro Desde Jun 30, 2020
47 posts
Jan 21, 2021 at 12:56
Membro Desde Jun 30, 2020
47 posts
sailingconsist posted: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?Breonnataylor posted: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.Mariel23134 posted: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.
I prefer to trade USD EUR. In my opinion, this is the most understandable and predictable pair.
Membro Desde Oct 26, 2020
33 posts
Jan 22, 2021 at 11:43
Membro Desde Oct 26, 2020
33 posts
Marshalsam877 posted: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.
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.
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