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Best currency pair for trading
Medlem sedan Dec 25, 2017
24 inlägg
Jun 03, 2018 at 10:05
Medlem sedan Dec 25, 2017
24 inlägg
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.
Jun 03, 2018 at 18:51
Medlem sedan Feb 13, 2013
48 inlägg
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
Medlem sedan Dec 25, 2017
24 inlägg
Jun 04, 2018 at 06:02
Medlem sedan Dec 25, 2017
24 inlägg
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!
Medlem sedan Mar 12, 2018
40 inlägg
Jun 04, 2018 at 13:40
Medlem sedan Mar 12, 2018
40 inlägg
SwapTrader posted:Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
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.
Medlem sedan Dec 25, 2017
24 inlägg
Jun 05, 2018 at 06:08
Medlem sedan Dec 25, 2017
24 inlägg
maria_taylor posted:SwapTrader posted:Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
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.
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.
Medlem sedan Mar 12, 2018
40 inlägg
Jun 06, 2018 at 06:26
Medlem sedan Mar 12, 2018
40 inlägg
maria_taylor posted: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.SwapTrader posted:Thanks for your valuable suggestion. Which and how many pairs do you use for trading generally?
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.
Medlem sedan Feb 12, 2016
427 inlägg
Jun 06, 2018 at 14:17
Medlem sedan Feb 12, 2016
427 inlägg
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
Jun 12, 2018 at 10:50
Medlem sedan May 18, 2018
26 inlägg
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.
Jun 12, 2018 at 12:15
Medlem sedan Jun 01, 2018
1 inlägg
Trading on on majors is always good because there is almost always around 100 pipes up and down.
forex_trader_458816
Medlem sedan Sep 11, 2017
124 inlägg
Jun 13, 2018 at 06:24
Medlem sedan Sep 11, 2017
124 inlägg
I love EURJPY 😁
When the pair trending, most martingale system sure will be wiped out 😂
When the pair trending, most martingale system sure will be wiped out 😂
Jun 13, 2018 at 14:40
Medlem sedan May 18, 2018
26 inlägg
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.
Medlem sedan May 30, 2018
20 inlägg
Jul 01, 2018 at 06:54
Medlem sedan May 30, 2018
20 inlägg
TiffanyK posted:. I’d also say EUR/USD, it has very good liquidity, tight spreads, high trading volumes, especially for novices.
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...
forex_trader_535230
Medlem sedan Jun 29, 2018
27 inlägg
Jul 02, 2018 at 12:47
Medlem sedan Jun 29, 2018
27 inlägg
sarahlawrence posted:TiffanyK posted:. I’d also say EUR/USD, it has very good liquidity, tight spreads, high trading volumes, especially for novices.
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...
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.
Jul 04, 2018 at 09:58
Medlem sedan May 05, 2017
15 inlägg
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
Sep 11, 2018 at 15:02
Medlem sedan Sep 06, 2018
10 inlägg
EURUSD is by far the best. Others can be erratic and unpredictable but old faithful EURUSD just plods along nicely
Medlem sedan Dec 09, 2015
823 inlägg
Sep 13, 2018 at 12:47
Medlem sedan Dec 09, 2015
823 inlägg
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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