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best pair to trade on forex market

  • #1
  • First Post: Jan 15, 2019 3:26pm Jan 15, 2019 3:26pm
what is best pair to trade on forex market
and how we choose it
on what rules do you make your decision
atr - news
feel free to share your opinion
  • #2
  • Jan 15, 2019 8:52pm Jan 15, 2019 8:52pm
Quoting MhMd3eZZ
what is best pair to trade on forex market and how we choose it on what rules do you make your decision atr - news feel free to share your opinion
//-----

hey mh..... the best pair for me is the pair that's trending with increasing momentum...... it's chosen by using trend and momentum indicators......h
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Attached Image (click to enlarge)
Click to Enlarge Name: trend.png Size: 48 KB
to trade and code, keep both simple... no call to impress....h
  • #3
  • Jan 16, 2019 11:42pm Jan 16, 2019 11:42pm
Quoting MhMd3eZZ
what is best pair to trade on forex market and how we choose it on what rules do you make your decision atr - news feel free to share your opinion
It depends on your own trading strategy; where you get best return! But, usually traders comfortable with the major Forex pairs.
  • #4
  • Jan 17, 2019 8:17am Jan 17, 2019 8:17am
Base on my trading experience, if you're a scalper then choose a volatile pairs like EUR/USD or XAU/USD. But if you're a daily trader and have a long time to wait.. you can choose silent pairs.
  • #5
  • Jan 17, 2019 10:14am Jan 17, 2019 10:14am
Doesn't Gold have a spread too wide to be useful for scalping?
  • #6
  • Jan 17, 2019 8:30pm Jan 17, 2019 8:30pm
I have used USD JPY for my trading but never with scalping, but I new that how the movement is done with this pair.
  • #7
  • Jan 17, 2019 10:05pm Jan 17, 2019 10:05pm
Quoting mlawson71
Doesn't Gold have a spread too wide to be useful for scalping?
not really.
you can find sub 10 cent spreads, and an average day gold moves 15-20$ ....more 150-200x the spread.
vs take some forex pair, with 0.5-1 pip spread, and 75-100 pips range,
just about equal to any usual forex pairs in comparison.

one difference that often the broker give lower leverage on gold, and it ties up higher % of the free margin.

Quoting RambertBenja
Base on my trading experience, if you're a scalper then choose a volatile pairs like EUR/USD or XAU/USD. But if you're a daily trader and have a long time to wait.. you can choose silent pairs.
most GBP pairs are lot more volatile,
GBPJPY, GBPCAD, GBPNZD, GBPAUD...all has approx 2x the volatility on average than EURUSD.
there is always, always another trade!!
  • #8
  • Jan 18, 2019 2:11am Jan 18, 2019 2:11am
for me it has to be either EUR/USD or USD/JPY
  • #9
  • Jan 18, 2019 10:44am Jan 18, 2019 10:44am
Quoting profitfarmer
{quote} not really. you can find sub 10 cent spreads, and an average day gold moves 15-20$ ....more 150-200x the spread. vs take some forex pair, with 0.5-1 pip spread, and 75-100 pips range, just about equal to any usual forex pairs in comparison. one difference that often the broker give lower leverage on gold, and it ties up higher % of the free margin. {quote} most GBP pairs are lot more volatile, GBPJPY, GBPCAD, GBPNZD, GBPAUD...all has approx 2x the volatility on average than EURUSD.
Thank you for clarifying. I don't know why I was left with the impression that Gold has a larger spread.
  • #10
  • Jan 18, 2019 11:01am Jan 18, 2019 11:01am
maybe at some brokers it is the case.
in this very moment Axi has 5-6 cents spread, ICM has 7-9 cents spread.
during Tokyo it was slightly higher, but not above 10 cents.
there is always, always another trade!!
  • #11
  • Jan 20, 2019 4:51am Jan 20, 2019 4:51am
Quoting minnieme
for me it has to be either EUR/USD or USD/JPY
I am sure; EURUSD is the most common one! From scalpers to institutional players; EURUSD is the best.
  • #12
  • Jan 21, 2019 1:34am Jan 21, 2019 1:34am
Eur/usd is the most liquid.
  • #13
  • Jan 21, 2019 8:38am Jan 21, 2019 8:38am
Quoting MhMd3eZZ
what is best pair to trade on forex market and how we choose it on what rules do you make your decision atr - news feel free to share your opinion
I use two selections in trading when I need to chose which pair to trade:
1. Which pair have highest volatility during a week
2. Which pair have patterns that fulfill my trading strategy

For the first selection I check trading pair volatility by looking on the chart so I can extract as much possible pips from trading pair. Even GBP/JPY is most volatile I could not base my trades on that pair.
Second selection is EUR/USD which I like to trade because my trading strategy have highest candle stick patterns and it gives me highest number of possible trades.

More information on volatility chart: https://getknowtrading.com/forex-mar...ading-session/
Attached Image
  • #14
  • Jan 30, 2019 5:23am Jan 30, 2019 5:23am
Quoting Forexkongs
Eur/usd is the most liquid.
Even; this is the most tradable trading pair; a number of new traders start their trading process by using the EURUSD.
  • #15
  • Jan 30, 2019 8:32am Jan 30, 2019 8:32am
Using EURUSD you can get 0 spread on ECN brokers which will reduce your trading costs. If your slippage is 0, too you only pay commission. Some starters believe that commission is bad but you pay it still over high spread which usually is more expensive.

But remember that a good trading system should work fine on any currency.
  • #16
  • Feb 5, 2019 11:17am Feb 5, 2019 11:17am
Are you sure 0 spread is possible? I've only ever seen it slightly above that, even when it's very small.
  • #17
  • Feb 5, 2019 8:49pm Feb 5, 2019 8:49pm
the "best" pair?? the one you understand have low trading cost (for you) and the one that moves or have good liquidity in your trading time..

BTW, there its a world beyond "FOREX" .. try it, maybe the instrument that "clicks" with you, the one you understand easily its not exactly a forex cross
  • #18
  • Feb 6, 2019 3:09am Feb 6, 2019 3:09am
Quoting mlawson71
Are you sure 0 spread is possible? I've only ever seen it slightly above that, even when it's very small.
its really a fine line " 0 pips spreads is possible or not in practically when trading" according to me, its not completely practical, because broker earn their profit by spreads, they are business platform not charitable institution.
  • #19
  • Feb 6, 2019 9:54am Feb 6, 2019 9:54am
Quoting MarkFxAnde
{quote} its really a fine line " 0 pips spreads is possible or not in practically when trading" according to me, its not completely practical, because broker earn their profit by spreads, they are business platform not charitable institution.
That's true. So when someone says they offer zero spreads I tend to get a little distrustful.
  • #20
  • Feb 6, 2019 4:48pm Feb 6, 2019 4:48pm
Quoting mlawson71
{quote} That's true. So when someone says they offer zero spreads I tend to get a little distrustful.
Its possible because they charge you a comission per lot instead of a spread, thats why you lot of times you can get 0 spread (unless there is some crazy news released)
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