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The best Pairs to Trade?

  • #161
  • Oct 2, 2017 8:03am Oct 2, 2017 8:03am
I think it is a good idea to keep one's options open and when trading on one pair isn't working to try on another, but on the other hand every pair has its own behaviour and learning that behaviour takes some time. Hopping from one pair to another all the time is not easy.
  • #162
  • Oct 3, 2017 9:07pm Oct 3, 2017 9:07pm
I think it's better stick to one of the majors and working your way step by step... While you're learning-the less attractions you have the better.
  • #163
  • Edited 5:47am Oct 4, 2017 4:32am | Edited 5:47am
The best asset depends on the date and time and of course the situation of the country it self, most of the time I trade with USD GBP or EUR pairs, just pay attention not to trade during the interest rate announcements.

Also, try to open up to other assets and not only currency pairs, commodities for example are one of the safest assets around (less for daily trading though).
  • #164
  • Oct 4, 2017 5:47am Oct 4, 2017 5:47am
Hi all,
Hope you all have great trading !
In my opinion best pairs to trade with are
EUR/USD
GBP/USD
AUD/USD
JPY/USD
  • #165
  • Oct 4, 2017 9:52am Oct 4, 2017 9:52am
Quoting bradblash123
Hi all, Hope you all have great trading ! In my opinion best pairs to trade with are EUR/USD GBP/USD AUD/USD JPY/USD
Why do you think those are the best pairs? I agree about some of them, but I am curious about your reasoning.
  • #166
  • Oct 4, 2017 11:04am Oct 4, 2017 11:04am
Quoting mlawson71
{quote} Why do you think those are the best pairs? I agree about some of them, but I am curious about your reasoning.
Any major currency pair is good . but everyday is not the same... You need to be selective.
Also you shouldn't trade crosses if you don't clearly see the direction of majors because crosses mathematicaly defined from majors.
For example:
Usd is common denominator.
G/U is up by around 35pips from today open.
E/U is up by around 27 pips from today open.
E/G is down by around 6pips from today open.
  • #167
  • Oct 5, 2017 8:06am Oct 5, 2017 8:06am
Quoting G.Kad
{quote} Any major currency pair is good . but everyday is not the same... You need to be selective. Also you shouldn't trade crosses if you don't clearly see the direction of majors because crosses mathematicaly defined from majors. For example: Usd is common denominator. G/U is up by around 35pips from today open. E/U is up by around 27 pips from today open. E/G is down by around 6pips from today open.
That is a pretty good explanation, thank you.
What about the EUR? As a common denominator, I mean.
  • #168
  • Oct 5, 2017 11:14am Oct 5, 2017 11:14am
Quoting mlawson71
{quote} That is a pretty good explanation, thank you. What about the EUR? As a common denominator, I mean.
You are welcome, sir.
I could be wrong, but in my opinion only the Usd is common denominator, but you actually can say what the cross pair price is by looking at major pairs(off course with little +- ) like in my previous post... I think the logic behind this is simply how much one or over currency is stronger/weaker than the Usd. For example :
If Gbp is stronger than Usd by 80% and Eur is stronger than Usd by 30% there is no chance for Eur to be stronger than Gbp.
P. S. - I am a newbie, so don't take my thoughts as a fact...i could be wrong
  • #169
  • Oct 6, 2017 5:17am Oct 6, 2017 5:17am
Quoting G.Kad
{quote} You are welcome, sir. I could be wrong, but in my opinion only the Usd is common denominator, but you actually can say what the cross pair price is by looking at major pairs(off course with little +- ) like in my previous post... I think the logic behind this is simply how much one or over currency is stronger/weaker than the Usd. For example : If Gbp is stronger than Usd by 80% and Eur is stronger than Usd by 30% there is no chance for Eur to be stronger than Gbp. P. S. - I am a newbie, so don't take my thoughts as a fact...i could be wrong...
What you say certainly gives me food for thought - and reason to do more research. I am not exactly a newbie, but I confess that correlations go a little over my head when it comes to trading approaches.
  • #170
  • Oct 7, 2017 4:50pm Oct 7, 2017 4:50pm
Quoting mlawson71
{quote} I am not exactly a newbie, but I confess that correlations go a little over my head when it comes to trading approaches.
Actually you are right as we all knew you are here since quite a long time and contributing a lot of your valuable stuff here and on other forums too and we all respect your opinions too, personally i do take your opinions as a good advise as well. I believe that these forums are the major places where every one including newbie can express their thoughts so i think we should also let them say what they have in mind and gently correct their views if they are on wrong, that is what i see you are doing in a great way. Thanks for being here, i really appreciate your words.
  • #171
  • Oct 8, 2017 6:05am Oct 8, 2017 6:05am
Hello to all here - Im new to Forex factory but have been trading for just under 12 months now (good times and bad but overall ok).

For me I think the best pairs are all combinations of USD, GBP, EUR and JPY, any other currencies seem to be less fluid and more fluidity = more opportunity (I hope).

I have noticed some really big swings in GBP and USD pairs recently though - any news on Brexit or from Trump etc and bang (or is that normal?)

Hoping to learn a few things on this forum, and thanks in advance!
  • #172
  • Oct 10, 2017 7:06am Oct 10, 2017 7:06am
Quoting BKKnight
Hello to all here - Im new to Forex factory but have been trading for just under 12 months now (good times and bad but overall ok). For me I think the best pairs are all combinations of USD, GBP, EUR and JPY, any other currencies seem to be less fluid and more fluidity = more opportunity (I hope). I have noticed some really big swings in GBP and USD pairs recently though - any news on Brexit or from Trump etc and bang (or is that normal?) Hoping to learn a few things on this forum, and thanks in advance!
Have you ever tried trading any CAD currency pairs?
I, personally, find them also quite good for the type of trading I do (intraday trading, that is).
  • #173
  • Oct 10, 2017 10:07am Oct 10, 2017 10:07am
IMO, there is no "best pairs" to trade. There are only the best pairs for your trading style and that is a trial and error process. I would say the longer your trading time frame the more pairs you can trade at a time generally because the price moves much slower and you can focus on many while using very little leverage. For day trading, more than a few and it gets overwhelming. Not to mention the more pairs, the more trades, which means more potential drawdowns, which is obviously not a good thing.
  • #174
  • Oct 10, 2017 12:53pm Oct 10, 2017 12:53pm
Quoting bradblash123
Hi all, Hope you all have great trading ! In my opinion best pairs to trade with are EUR/USD GBP/USD AUD/USD JPY/USD
EUR/USD is really better than others major but sometimes due to its fastest movement beginners traders fall a great trouble. But obviously this is the most usable and profitable trading currency in Forex trading.
  • #175
  • Oct 10, 2017 1:10pm Oct 10, 2017 1:10pm
Quoting BenDunk
{quote} EUR/USD is really better than others major but sometimes due to its fastest movement beginners traders fall a great trouble. But obviously this is the most usable and profitable trading currency in Forex trading.
I wouldn't say it's the most profitable necessarily. I am assuming you mean most cost effective to trade due to spread being so tight. It's certainly the most liquid currency in FX. Any pair can be profitable depending on trading style.
  • #176
  • Oct 11, 2017 9:32am Oct 11, 2017 9:32am
Quoting BenDunk
{quote} EUR/USD is really better than others major but sometimes due to its fastest movement beginners traders fall a great trouble. But obviously this is the most usable and profitable trading currency in Forex trading.
It does move fast, yes, because it's so popular, but those movements tend to be choppy and the pair is often stuck in range. I don't know how useful that is unless one is scalping.
  • #177
  • Jan 14, 2018 9:56am Jan 14, 2018 9:56am
Quoting mlawson71
{quote} It does move fast, yes, because it's so popular, but those movements tend to be choppy and the pair is often stuck in range. I don't know how useful that is unless one is scalping.
I don’t think EURUSD is such an active trading pair as like the GBPJPY.
  • #178
  • Jan 15, 2018 9:59am Jan 15, 2018 9:59am
Quoting DarrenLehma
{quote} I don’t think EURUSD is such an active trading pair as like the GBPJPY.
EUR/USD sometimes has significant periods of consolidation, but when it moves, it really moves. It rallied with 400 pips last week alone.
  • #179
  • Jan 15, 2018 10:16am Jan 15, 2018 10:16am
Quoting mlawson71
{quote} EUR/USD sometimes has significant periods of consolidation, but when it moves, it really moves. It rallied with 400 pips last week alone.
I think, the liquidly was high during 2008-9 session!
  • #180
  • Jan 16, 2018 10:13am Jan 16, 2018 10:13am
Quoting GeorgeBaile
{quote} I think, the liquidly was high during 2008-9 session!
I started trading some time after that period, so I have no personal experience of how it was back then. Do you think the liquidity would ever get as high?
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