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How to select the Best Currency Pair for Investment?

Mohammadi
Aug 23 2017 at 06:54
886 โพสต์
Newcomers should choose the currency pair which is more appropriate to the concept of trading that will be used.

Imamul
Aug 24 2017 at 13:52
615 โพสต์
EUR/USD is the most profitable pair than other majors in my trading career. But as a newcomer I got confused because of its volatile trading spreads. But now I know how to keep pace with eur/usd.

mlawson71
Aug 25 2017 at 13:38
1487 โพสต์
Imamul posted:
EUR/USD is the most profitable pair than other majors in my trading career. But as a newcomer I got confused because of its volatile trading spreads. But now I know how to keep pace with eur/usd.


How do you keep pace with the pair? Do you scalp?

Mohammadi
Aug 27 2017 at 06:24
886 โพสต์
If you are a newcomer, I think you have to remove the tendency for earning money from here, and have to focus on just learning. Otherwise you can fall a great loss when you will try to earn money by trading.

Mohammadi
Aug 27 2017 at 06:25
886 โพสต์
Because of comfortable trading spreads I like most EUR/USD from all other major pairs. But I am not willing do depend on completely just one currency. For that reason in my demo account I usually trade all major currency pair to see the performance how it works. This approach always helps me for increasing my trading performance very rapidly.

Admoni
Aug 28 2017 at 06:19
95 โพสต์
According to me, frequently the most traded eight currency pairs have the largest liquidity and they are the most preferred trading pairs. As liquidity decreases spread increases. This enables only swing and medium term traders to trade successfully in the market. It is very difficult to do intraday or day trading in such pairs. Also, these crosses become volatile only when there is major news related to the base currency. Thus, a trader should also know about currency correlation before trading such Forex pairs.

mlawson71
Aug 28 2017 at 13:18
1487 โพสต์
Mohammadi posted:
Because of comfortable trading spreads I like most EUR/USD from all other major pairs. But I am not willing do depend on completely just one currency. For that reason in my demo account I usually trade all major currency pair to see the performance how it works. This approach always helps me for increasing my trading performance very rapidly.


Why do you like EUR/USD the most? The low spreads? The volatility?

JamesAnderson
Sep 17 2018 at 08:17
31 โพสต์
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.


Hi @TanEric

You can easily choose the best currency pair

- Start the discussion on active forums
- Join groups and communities in social media put you query
- Start Polls in Social Media
- Read discussions about the related question in forex forums

Forexstress
Sep 18 2018 at 10:45
11 โพสต์
There are some websites that have currency pair heat maps. You can see which currencies are strenghening and which are weakening. You can then trade the strongest against the weakest and these should trend nicely.

lucyroberts123
Sep 25 2018 at 08:01
6 โพสต์
There are many cryptocurrency pairs available in the market. You can selrct it as per their market price which leads to profit.

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