Every pair has its own specific characteristics. You have to find out your own trading edge. Only you know what you understand the most. Learning is a long term tadious process. Everyone has to go through it if they want to make consistent money in forex trading.
Each currency pair has its own specific characteristics. But unfortunately they are not all permanent. Since the market changes periodically. And the features change every time.
SofieAndreasen
เป็นสมาชิกตั้งแต่ Jul 23, 2020
759 โพสต์
Dec 12 2020 at 17:46
Every pair has its own specific characteristics. Mastering one pair take times. So, trader should not try to learn several pai at once. Learning one or two is enough.
Henreyedwards
เป็นสมาชิกตั้งแต่ Oct 23, 2020
21 โพสต์
Dec 21 2020 at 10:16
Yes, every pair is different and has some quality that might not be in other pairs. There are some specific characteristics associated with certain pairs.
Ainsley524
เป็นสมาชิกตั้งแต่ Nov 17, 2020
19 โพสต์
Jan 05 2021 at 09:10
That’s true. Every pair is different and has a different value and characteristics. They keep changing with the market due to high volatility.
On Forex, currency pairs are subject to a single rule - only two monetary units are always involved in trading, one is bought, the other is sold.
forextrader777
เป็นสมาชิกตั้งแต่ Jan 16, 2021
128 โพสต์
Feb 17 2021 at 12:16
It’s true that every currency pair has its own specific characteristics. It is very important to have an in-depth knowledge of the currency pair you are trading. My favourite currency pair is EUR/USD.
In order not to go to bed and not make mistakes, before taking a currency pair for trading, you need to study its specific nature.
forexminded
เป็นสมาชิกตั้งแต่ Feb 04, 2021
35 โพสต์
Feb 23 2021 at 08:44
It is very important to understand the characteristics of the currency pair you want to trade in. Higher the knowledge of the currency pair, more are the chances of consistent profits.
All couples have their own individual characteristics. And the trader needs to find them and use them in his trading strategy. But it is important to understand that the features of currency pairs change periodically, like the market itself. This is a feature of trade. You should always be in the loop and see these processes.
Yes every currency pairs has its own characteristic. You are not meant to trade in all of them, you can just pick one and read that analysis and start trading with that pair
Fridrike43fr
เป็นสมาชิกตั้งแต่ Mar 03, 2020
6 โพสต์
Feb 23 2021 at 09:44
All pairs have their own characteristics. I chose myself NZD\USD. This is a currency pair with which I get good trading results.
New traders should be very careful about picking the trading methods. Every trader has different qualities. So, it is very important to choose the best trading method according to his area of abilities.
LyudmilLukanov
เป็นสมาชิกตั้งแต่ Jul 23, 2020
796 โพสต์
Feb 23 2021 at 17:46
Fridrike43fr posted:
All pairs have their own characteristics. I chose myself NZD\USD. This is a currency pair with which I get good trading results.
I prefer EURUSD. I have good understanding regarding his pair.
It is never possible to make a profit by trading emotions. However, if money management and risk rewards are not used properly, there can be many problems. And it is very difficult to make a consistent profit without a deposit. Discipline must be maintained in every case.
Kristofferorilla
เป็นสมาชิกตั้งแต่ Jun 19, 2020
3 โพสต์
Mar 19 2021 at 13:22
Tremblay posted:
It is never possible to make a profit by trading emotions. However, if money management and risk rewards are not used properly, there can be many problems. And it is very difficult to make a consistent profit without a deposit. Discipline must be maintained in every case.
How much amount should I deposit to start forex trading?
cameronstanley
เป็นสมาชิกตั้งแต่ Dec 16, 2020
18 โพสต์
Mar 20 2021 at 04:53
Kristofferorilla posted:Tremblay posted:
It is never possible to make a profit by trading emotions. However, if money management and risk rewards are not used properly, there can be many problems. And it is very difficult to make a consistent profit without a deposit. Discipline must be maintained in every case.
How much amount should I deposit to start forex trading?
That varies from broker to broker. There are few who would allow you to open an account with a $50 deposit while others won’t charge a bit. I’d suggest not to go for the 2nd option at all if you find any.
Best pair is what you understand the most. Every pair has its own unique pattern whether we understand it or not. To find that we need to observe that pair for long time. I personally find GBPUSD comfortable. It doesn't mean you have to like it.