Best currency pair for trading

maria_taylor posted:
Which is the best currency pair for trading and in how many pairs you trade generally?

No best currency pairs!

Minhthang2603 posted:

maria_taylor posted:
Which is the best currency pair for trading and in how many pairs you trade generally?

No best currency pairs!

hi,

Why do you think that?

Atchris posted:
trading on majors is the only way to go for me.

Stick with majors. Low spreads, most predictable price movement, loads of data to get your teeth into

There are the MAJOR currency Forex pairs that are paired with the U.S. Dollars which are known as the best currency pairs for trading.
    • GBP/USD
    • EUR/USD
    • NZD/USD
    • AUD/USD
    • XAU/USD
    • XAG/USD
      Gold and Silver is also included in this list since they are quoted in U.S. Dollars and are traded regularly.

These pairs suck at the moment because interest rates are so low and volatility is down the pan. Better to focus on more exotic pairs now and cross pairs because there is more price movement.

I prefer to trade on majors.

willtradr posted:
I prefer to trade on majors.

Same here besides I am very much interested on crypto trading instruments; although right now I am practicing in demo.

according to me, all currencies in Forex trading are good, just we have to experience with them by trading . We can trade all major currency in our demo account. Because we can see here the pairs performance how it works.

I may suggest trading USD/GBP, especially if you know English only. It's hard to trade currencies if you don't know country's language, as you will get all news with delay. It's also good trade local currencies, like NZD or AUD, but you need to pay a lot of time to analyze trends :)

willtradr posted:
I prefer to trade on majors.

Same here. It has low spreads and you can read movement to understand and predict better.

I think best currency pair in the forex market is EUR/USD. I love this pair very much.

Stick to the majors as others said. The spread is very low. I would avoid pairs that is so much volatile at the beginning as it will reach stoploss levels faster.

It is always more profitable to trade instruments that have a narrow spread. The narrower it is, the fewer points between the divergence price and the demand price, which means there is less loss for the trader when closing a deal

There is no any best pair to trade.

The best currency is the one that has the bes opportunity.

I will be live trading soon and have four-month experience in demo trading, would like to know which currency pair would be best for a beginner to trade?

Hi @Bradley88, most beginners starts with the EURUSD pair as it more predictable on some sense. I prefer to stick to the majors because the spreads are low as well.

Anyone currently trading with a better currency pair other than EURUSD? Because I'm looking to trade with two pairs simultaneously to improve my trading skills and profit.

As for me, today the most popular and relevant currency pair for trading is the Eurodollar.

for new trader ..USDJPY just BUY IF fall 500 point buy again ...again and again just wait and see you can get profit because this pair is safe heaven LOL