How to select the Best Currency Pair for Investment?
Členom od Oct 22, 2019
41 príspevkov
Oct 31, 2019 at 11:54
First identify whether the pair is trending or non trending pair. Second figure out what type of strategy you will be trading.
Členom od Jul 19, 2020
318 príspevkov
Sep 04, 2020 at 10:34
If you want to select the best pair, you have to research the market properly. You should be very careful. You should properly analyze the market before choosing the pair.
Členom od Mar 18, 2019
98 príspevkov
Sep 06, 2020 at 09:37
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
start with th majors. maybe try some metals too
Členom od Jul 20, 2020
298 príspevkov
Sep 07, 2020 at 02:18
There are many types of currencies in Forex trading. The best of these currencies is the major currency. I have chosen to trade some currencies from this major currency. These are EURUSD, AUDUSD, USDJPY, EURJPY, and GBPUSD. The spread in these pairs is much less and the movement is much better. I make a lot of profit by trading in these pairs.
Členom od Mar 17, 2021
536 príspevkov
Oct 04, 2021 at 20:26
lavis_book posted:Proper knowledge and experience will help you.
To select a good currency pair, it is very important that you analyze all the charts carefully and also check for all the market updates. According to the market situation and your portfolio requirements, choose currency pairs that suit you. Don’t follow the crowd and do try to pair strong currencies against the weak ones. Then run technical analysis on the currency pairs you have shortlisted to finally reach to a decision.
Členom od Jul 23, 2020
869 príspevkov
Oct 06, 2021 at 06:12
Major pairs are best in terms of volatility, spreads.
Členom od Jul 27, 2020
81 príspevkov
Oct 06, 2021 at 07:54
I choose from a large number of tools at Amarkets, I choose the most profitable based on analytical reviews
Členom od Jul 23, 2020
759 príspevkov
Oct 06, 2021 at 12:30
I prefer EURUSD and GBPUSD. Those are my favorite pairs.
Členom od Apr 09, 2019
538 príspevkov
Oct 07, 2021 at 14:17
I personally started with EURUSD and then expanded to a few more from there. My reasoning was that it is closely inversely tied to the DXY and thus a strong confluence can be drawn from it.
If you can't spot the liquidity then you are the liquidity.
Členom od Aug 17, 2021
94 príspevkov
Oct 09, 2021 at 19:09
First, identify whether the pair is a trending or non-trending pair. Second, figure out what type of strategy you will be trading. Finally, you want to know the average true range of that pair (which means how much the pair moves on a day-to-day basis).
Členom od Sep 22, 2018
70 príspevkov
Oct 12, 2021 at 19:00
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
You looking for long term or short term
Členom od Aug 17, 2021
94 príspevkov
Oct 16, 2021 at 17:14
EUR/USD.
USD/JPY: Trading the 'Gopher'
GBP/USD: Trading the 'Cable'
AUD/USD: Trading the 'Aussie'
USD/CAD: Trading the 'Loonie'
USD/CNY: Trading the Yuan.
Členom od Mar 17, 2021
536 príspevkov
Dec 11, 2021 at 06:15
You can trade on a demo account first to find the best pair.
Členom od Oct 22, 2020
12 príspevkov
Feb 03, 2022 at 15:00
Test all currency pairs available with your broker on a demo account and you will know what’s good for you. There’s no need to ask anybody what to trade. Find it out on your own. Of course, it will take some time but in the end you will know for sure what’s really compatible with you.
Členom od Jan 18, 2022
20 príspevkov
Feb 23, 2022 at 07:19
“Best” is very subjective. All pairs work differently because they all trend differently. For instance, I can trade EUR/USD rather than USD/JPY. All pairs require different analyses. It is up to you which pair you can trade well. So if you are new, try to trade with 2-3 pairs and test yourself out. However, go for major pairs or pairs which have high liquidity. You can go with EUR/USD because it is easy to trade for beginners.
Členom od Jan 20, 2022
31 príspevkov
Mar 01, 2022 at 06:50
If you are planning to select a currency pair for trading in the forex market, I’d suggest you go for a liquid pair as they are combinations of two large economies and offer stability to a certain extent as well as are liquid and facilitate lower spreads in comparison to the illiquid pairs. Some of the heavily traded currency pairs are USD/EUR, JPY/USD, AUD/USD, GBP/USD etc.
Členom od Jan 11, 2020
23 príspevkov
Mar 03, 2022 at 13:07
All the currency pairs might be considered as the best ones. It doesn't matter which one you would choose, the matter here is that your strategy would work for this currency pair or maybe couple of such ones. I believe traders shouldn't concentrate their attention on such minor things. They mean nothing.
To my mind, such a choice is inherent to stocks for example or maybe ETFs and something like that. In this case you can ask which stock or at least which industry is the best. Here the answer is simple, the bet industry for stock market is IT.
Always remember about the diversification of your portfolio, it has to be variable.
To my mind, such a choice is inherent to stocks for example or maybe ETFs and something like that. In this case you can ask which stock or at least which industry is the best. Here the answer is simple, the bet industry for stock market is IT.
Always remember about the diversification of your portfolio, it has to be variable.
Členom od Feb 18, 2022
15 príspevkov
Mar 10, 2022 at 07:22
Broadly, currency pairs are divided into 4 types - major, minor, regional and exotic. While choosing a currency pair, traders should choose pairs that have high liquidity and less volatility. Out of the four categories, major pairs make the best currency pairs to trade. They include pairs like EUR/USD, USD/JPY, USD/CAD, and GBP/USD.
Členom od Jan 21, 2022
57 príspevkov
Mar 14, 2022 at 06:38
A trader should consider looking into the liquidity and volatility of the currency pair they want to trade. Traders should prefer trading pairs with high liquidity and low volatility. The major currency pairs are most popular among traders and are more stable than minor and exotic currency pairs.
Členom od Mar 28, 2021
617 príspevkov
Mar 16, 2022 at 12:22
TanEric posted:If you are a newbie; then start with EURUSD trading pair! Don’t focus on the multiple pairs in your early stage of trading! Besides, try to avoid the exotic trading pairs!
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
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