GBP/CHF - plz help if you have some experience about this pair | Forex Factory

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GBP/CHF - plz help if you have some experience about this pair

  • #1
  • First Post: Jul 7, 2006 10:54pm Jul 7, 2006 10:54pm
anyone can show me basic strategy for trading with GBP/CHF pair? I am really interested in with this pair but I'm newbie, so I have not any systems for fx trading, especially GBP/CHF
plz help me
  • #2
  • Jul 7, 2006 11:40pm Jul 7, 2006 11:40pm
Maybe check out the following for more info

http://www.forexfactory.com/forexfor...ead.php?t=5559

In my opinion, this pair is a little too volatile for newbie traders as this pair swings wildly. Maybe check out the EUR/CHF pair, it doesn't move as fast.

All the best with your trading
  • #3
  • Jul 8, 2006 8:04am Jul 8, 2006 8:04am
First off, I have to ask why this pair?

There are a few things about this pair.
1 It is a historically ranging pair
2 It is a high volitatility pair
3 It usually carries a high spread

Having said that It is the perfect pair for a longer term ranging type system. There are a few out there, but they are rather complicated and easy to misuse and abuse. I have Nice one I use, but it is complicated and easy to misuse, so I do not share it to the public.

So without more information from you about your approach, it is nearly impossible to answer your question intellegently. If you are just starting out, I think you would be better served to spend a lot of time learning how to trade and the personalities of various pairs and their cross correlations.


Could you please elaborate?

thanks Scott


Quoting shinkang
anyone can show me basic strategy for trading with GBP/CHF pair? I am really interested in with this pair but I'm newbie, so I have not any systems for fx trading, especially GBP/CHF
plz help me
  • #4
  • Jul 8, 2006 12:39pm Jul 8, 2006 12:39pm
Thank you so much for your advice, can you show me the pair newbies can train to trade ?

Quoting smjones
First off, I have to ask why this pair?

There are a few things about this pair.
1 It is a historically ranging pair
2 It is a high volitatility pair
3 It usually carries a high spread

Having said that It is the perfect pair for a longer term ranging type system. There are a few out there, but they are rather complicated and easy to misuse and abuse. I have Nice one I use, but it is complicated and easy to misuse, so I do not share it to the public.

So without more information from you about your approach, it is nearly impossible to answer your question intellegently. If you are just starting out, I think you would be better served to spend a lot of time learning how to trade and the personalities of various pairs and their cross correlations.


Could you please elaborate?

thanks Scott
  • #5
  • Jul 8, 2006 2:04pm Jul 8, 2006 2:04pm
Well if you are looking for liquidity and smaller more reliable movements, EURUSD, about 70 to 110 pips average daily range and the pair trends well. and the spread is the smallest. If you are looking for low correlation and diversity, use GBPUSd and EURJPY together... They have good volatility and deversifiy each other well from correlation problems.

As far a system goes. There are quite a few on this forum, but Money Management is the real key to success. please read all the stickys in the beginner's Fourm and then reread them and then read James16 public threads...
After that you will know a thing or two.

That should keep you busy for a while... There really is no short cut. One could hope you go somewhere and buy signals and may be the signals will be good and you will apply them well with sound money management and you will make money... But hope is not a valid strategy.

Thanks Scott


Quoting shinkang
Thank you so much for your advice, can you show me the pair newbies can train to trade ?
  • #6
  • Last Post: Jul 9, 2006 9:19am Jul 9, 2006 9:19am
I want to earn about US$ 1,000 per month, is this possible?
If this is possible, can u tell me the amount of dollars (capital) to do this .
can u earn 1,000 USD per month from trading forex?
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