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The best Pairs to Trade?

  • #341
  • Jan 2, 2019 8:39am Jan 2, 2019 8:39am
Quoting mlawson71
I rarely see people trade GBP/NZD, how volatile is this pair?
Its average daily range is around 120 pips.
  • #342
  • Jan 2, 2019 9:16am Jan 2, 2019 9:16am
EURNZD
Let Market Tell You
  • #343
  • Jan 3, 2019 8:29am Jan 3, 2019 8:29am
Quoting forexseer
{quote} Its average daily range is around 120 pips.
That actually sounds quite useful, I need to look into this pair in more detail.
  • #344
  • Jan 3, 2019 8:45am Jan 3, 2019 8:45am
Quoting mlawson71
{quote} That actually sounds quite useful, I need to look into this pair in more detail.
When you see AUD and NZD as the weakest currencies against the USD and GBP is the strongest against USD (or vice versa), watch how GBPAUD and GBPNZD move like a freight train with no brakes. :-)

If you take out all the exotic pairs, GN and GA are the 2 most volatile pairs.
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  • #345
  • Jan 4, 2019 9:31am Jan 4, 2019 9:31am
That's very good advice, I will watch out for that! Thank you!
  • #346
  • Jan 6, 2019 7:45am Jan 6, 2019 7:45am
I agree. Stay away from currency pairs you know nothing about until you have sufficiently educated yourself about them.
  • #347
  • Jan 7, 2019 10:19pm Jan 7, 2019 10:19pm
Quoting yaniv16
My advise is not to trade the exotics at start.
Right, playing with exotics without much knowledge could be highly risky so its better to make yourself first comfortable with majors instead of direct burning your hands with exotics.
  • #348
  • Jan 8, 2019 11:40pm Jan 8, 2019 11:40pm
Quoting Alvinjack
{quote} Right, playing with exotics without much knowledge could be highly risky so its better to make yourself first comfortable with majors instead of direct burning your hands with exotics.
I have more than 6 years experience but till now I’m not comfortable on the exotic trading pairs! I think exotic trading pairs are unstable by comparing with the major FX pairs.
  • #349
  • Jan 9, 2019 9:04am Jan 9, 2019 9:04am
Some people profit exactly from that instability, but I wouldn't recommend to newbies to make such attempts.
  • #350
  • Jan 11, 2019 7:33am Jan 11, 2019 7:33am
Quoting forexseer
{quote} Its average daily range is around 120 pips.
I have conducted a research about pairs volatility and here is a chart with pip range on weekly basis.

More information you can read here: https://getknowtrading.com/forex-mar...ading-session/
Attached Image
  • #351
  • Jan 11, 2019 9:56am Jan 11, 2019 9:56am
Ohh, thank you for that information!
  • #352
  • Jan 12, 2019 8:40am Jan 12, 2019 8:40am
Quoting Frano
{quote} I have conducted a research about pairs volatility and here is a chart with pip range on weekly basis. More information you can read here: https://getknowtrading.com/forex-mar...ading-session/ {image}
Thanks for the link; it’s really interesting to see your contributions.
  • #353
  • Jan 12, 2019 11:12am Jan 12, 2019 11:12am
My best top pairs to trade are EURUSD, GBPJPY, GBPUSD, NZDUSD & USDJPY

I only trade these because most are majors and give the best returns per pip movement

For anyone that has just began trading I would recommend pick your top 5 pairs to trade (Ideally 3) and master those

There is no use of being a jack of all trades trying to catch every movement in the market for each pair,

No one can be a professional basketball, soccer, football & baseball player

Pick one and master it
  • #354
  • Jan 14, 2019 3:24am Jan 14, 2019 3:24am
Quoting CmartKrypto
My best top pairs to trade are EURUSD, GBPJPY, GBPUSD, NZDUSD & USDJPY I only trade these because most are majors and give the best returns per pip movement For anyone that has just began trading I would recommend pick your top 5 pairs to trade (Ideally 3) and master those There is no use of being a jack of all trades trying to catch every movement in the market for each pair, No one can be a professional basketball, soccer, football & baseball player Pick one and master it
NZDUSD was in my list! But now I’m not interested on this pair; I guess the trading environment is slightly different than the others major FX pairs.
  • #355
  • Jan 14, 2019 9:13am Jan 14, 2019 9:13am
I like NZD/USD too, although lately I haven't been trading it nearly as much as I used to.
  • #356
  • Jan 15, 2019 3:54am Jan 15, 2019 3:54am
there is no best pair if you have poor experience, practice in demo for long run and be experienced
  • #357
  • Jan 15, 2019 10:37am Jan 15, 2019 10:37am
Quoting AdamCrist
there is no best pair if you have poor experience, practice in demo for long run and be experienced
Ha, true, if you don't know what you are doing no currency pair will be good for you.
  • #358
  • Jan 25, 2019 8:59am Jan 25, 2019 8:59am
My favorite is different every day, depending on the profit I make. Today is GBCHF
  • #359
  • Jan 26, 2019 9:36am Jan 26, 2019 9:36am
Quoting UlliC
My favorite is different every day, depending on the profit I make. Today is GBCHF
Hahaha, that is certainly one way (and a good way) to look at things.
  • #360
  • Feb 6, 2019 5:38am Feb 6, 2019 5:38am
which trading pair is more suitable for using scalping in a proper way ?
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