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Best pairs to start? newbie here...

jackwilliams
Feb 23 2017 at 10:32
22 príspevkov
I would suggest being a newbie one should start trading with major forex pairs like EUR/USD and GBP/USD. First start trading on demo and after gaining due experience, knowledge and confidence switch to live account with small amount. Always go for the pair best suited to your trading style and strategy.

IXBONE
Feb 23 2017 at 15:02
97 príspevkov
pairs to start doesnt matter, price action trading is the way to success!

mlawson71
Feb 25 2017 at 11:57
1487 príspevkov
IXBONE posted:
pairs to start doesnt matter, price action trading is the way to success!


I don’t necessarily disagree, but one does have to pick a pair to apply price action to.

waltel
Feb 25 2017 at 17:53
10 príspevkov
IXBONE posted:
pairs to start doesnt matter, price action trading is the way to success!


Maybe you can start with a pair that may be more familiar and understandable. I think it does matter.

jhonix
Feb 27 2017 at 22:23
37 príspevkov
Trading in the forex market can be complicated and requires discipline and dedication so that new traders can succeed. Before entering the market, the novice forex trader must first understand basic concepts such as how transactions are carried out or which are the best currency pairs to trade.

vellkan
Feb 28 2017 at 15:35
9 príspevkov
@cesaraugusto I was very pleased with your comment, tell us which were the pairs you used to start and how you went with them. So we give another point of view to this thread

mlawson71
Mar 05 2017 at 12:51
1487 príspevkov
jhonix posted:
Trading in the forex market can be complicated and requires discipline and dedication so that new traders can succeed. Before entering the market, the novice forex trader must first understand basic concepts such as how transactions are carried out or which are the best currency pairs to trade.


Which are the best currencies to trade in your opinion?

Baldo (BaldoN)
Mar 09 2017 at 10:27
522 príspevkov
Hello,
It is difficult to say, which is the best currency. In my opinion the best is when you make your own research.
You simply open 4H or Daily chart and just try to find Fx pairs that intend to trend most of the time (ex. AUD/USD or NZD/USD or even exotic), where you can use simple strategy even just cross of 2 EMAs for example you may achieve very good results. :)

rover99x
Mar 09 2017 at 12:12
1 príspevkov
I would say just stick to the Majors for now as they tend to have the lowest spreads. And I know you won't want to hear this, but trading is the hardest business to become consistently profitable in. But if you're determined, professional and prepared to put in thousands of hours you might, just might, make it!

One final point, don't pay for any training! Everything's available on the web for free ...........

ema123
Mar 09 2017 at 13:28
32 príspevkov
mlawson71 posted:
ema123 posted:
It all depends upon the trading style that one wants to adopt. If you are interested in range bound markets and want to get involved in scalping then you can look in to the currency pair like EURUSD, this currency pair is very stable and range bound and you wouldn’t be at bigger risk if trend goes against you. Good to start with!

However, if you want to trade in currency pairs which have the potentials to generate a good amount of profits then you should be looking for the volatile currency pairs like GBUSD, GBPJPY & NZDUSD. These currency pairs are more volatile as compared to other currency pairs, giving the potential of higher profits in small time frame but your risk also get increases.


That’s a good point. I stay away from EUR/USD because I don’t trade range very well.


thanks @mlawson71 . GBP/USD is one good pair to trade.

mlawson71
Mar 12 2017 at 12:46
1487 príspevkov
Frankly, lately I haven’t been trading GBP/USD much either, it’s terribly dependent on politics.

Frank
RedRhinoFX
Mar 13 2017 at 07:23
395 príspevkov
I recommend trading a currency that you are located in their country or that you are interested in. That way staying up with the political agenda come at natural. Focus on one country you like and once you know that Currency in's and out it is time to find a Partner aka PAIR. The pair should be something that is eventful in news, headlines, or price action. For example, Last Friday we had NFP in the USA, so the USD is the pair because of the Event. Since I am interested in EURO, I will trade EURUSD on NFP day.

If news event exists on AUD, I would trade EURAUD. etc.

Find your interest, then an event to trade.

@mlawson71 - both usd and gbp went through large political change. both pairs difficult to predict

mlawson71
Mar 13 2017 at 11:50
1487 príspevkov
Trading one's own currency isn't always the best of ideas, depending on where the trader lives. They could be trading one of the exotic pairs, and that is not always easy.

hjacob
Mar 17 2017 at 08:41
30 príspevkov
Being a newbie, person should look for the currency pairs that have stability and liquidity. And that is why EUR/USD pair specifically comes to mind as this currency pair has very high liquidity as well as stability. GBP/USD pair can also be looked for earning good amount of profits as this being a highly volatile currency pair.

mlawson71
Mar 17 2017 at 11:49
1487 príspevkov
hjacob posted:
Being a newbie, person should look for the currency pairs that have stability and liquidity. And that is why EUR/USD pair specifically comes to mind as this currency pair has very high liquidity as well as stability. GBP/USD pair can also be looked for earning good amount of profits as this being a highly volatile currency pair.


When it comes to high liquidity, yes, EUR/USD does have that, but I wouldn't say it's exactly stable. Lately GBP/USD hasn't been as stable as it used to be either, unfortunately.

ema123
Mar 17 2017 at 12:49
32 príspevkov
mlawson71 posted:
Frankly, lately I haven’t been trading GBP/USD much either, it’s terribly dependent on politics.


Ohh Alright! Which all pairs you like to trade then?

mlawson71
Mar 18 2017 at 11:58
1487 príspevkov
NZD/USD, AUD/USD, EUR/GBP - which is oddly stable, considering everything, occasionally USD/CAD, EUR/JPY, those are the ones I can cite off the top of my head.

Private Trader (privtrader)
Mar 19 2017 at 07:44
27 príspevkov

Best pair for my is EurUsd:)

Safe trading and good profits
MrMajk (PanMajk)
Mar 19 2017 at 08:10
10 príspevkov
I am begginer too, started forex 3 months ago. I watch closely USD because its most important and impactful currency in the world. Secondly I love gold (XAUUSD) for many reasons.. So mainly I focus on majors. I also watch some cross pairs charts - looking for very strong setups. To sum up I watch 23 pairs - both majors and crosses. I am not a 'daytrader'. I watch daily charts once a day for an hour after candles close. Hope it helps.

joey pascua (etradeph)
Mar 19 2017 at 08:33
1 príspevkov
euro/jpy,usd/jpy,xau/usd, and uso/usd make me gained 20%.

Don't lose hope,we are born to make changes.
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