Every pair has its own specific characteristics

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.

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.

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.

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.

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.

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

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.

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.

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?

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.

Each pair has an interesting movement. The movement of each pair is different. So I must have an idea about the pair in which I will trade.

cameronstanley posted:

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.

Just because you can start with as little as $50 doesn’t mean you shouldn’t go with a higher amount right? Where’s the fun in playing safe?

AliaDare posted:
Each pair has an interesting movement. The movement of each pair is different. So I must have an idea about the pair in which I will trade.

Yes. I agree with you.