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best pair to trade on forex market

  • #21
  • Feb 8, 2019 11:07am Feb 8, 2019 11:07am
Quoting havo
{quote} 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)
That hadn't occurred to me, thank you for pointing it out.
  • #22
  • Feb 10, 2019 7:19am Feb 10, 2019 7:19am
I love GBPJPY because it’s the most volatile, so you never get bored or have to wait. This pair is always presenting with opportunities to make money, every single day.

And it’s also good if you’re learning how to trade, because since it offers movements more often and intense than other pairs, it could help you learn faster.
  • #23
  • Feb 11, 2019 4:41am Feb 11, 2019 4:41am
do you scalping by GBPJPY ? and what you think which one is more appropriate for using this short time trading approach ?
  • #24
  • Feb 11, 2019 5:17am Feb 11, 2019 5:17am
Quoting BenDunk
do you scalping by GBPJPY ? and what you think which one is more appropriate for using this short time trading approach ?
Yes, I scalp mostly. Every once in awhile I’ll hold trades for a few days,
or a week. Are you asking the more appropriate what exactly? Pair?
  • #25
  • Feb 11, 2019 6:01am Feb 11, 2019 6:01am
Quoting Rapha
{quote} Yes, I scalp mostly. Every once in awhile I’ll hold trades for a few days, or a week. Are you asking the more appropriate what exactly? Pair?
how much can you earn by scalping ? i know its profitable for sometimes but because of huge risk , most of the time i avoid this system.
  • #26
  • Feb 11, 2019 11:25am Feb 11, 2019 11:25am
Quoting NathanAstel
{quote} how much can you earn by scalping ? i know its profitable for sometimes but because of huge risk , most of the time i avoid this system.
It varies a lot, that will depend on the trader. Did you check my trade explorer? Speaking for myself, it would be that much return that you can see on the smaller % gain account. The other one is high risk, high return type of trading, which I wouldn’t really do if I was trading live
  • #27
  • Feb 12, 2019 2:49am Feb 12, 2019 2:49am
Quoting NathanAstel
{quote} how much can you earn by scalping ? i know its profitable for sometimes but because of huge risk , most of the time i avoid this system.

how much you can return by means of scalping , it totally depend on your trading spreads , generally by using most narrowest trading spreads there is a chance to bring good amount of profit by this approach, besides this long term experience also need.
  • #28
  • Feb 12, 2019 9:52am Feb 12, 2019 9:52am
I agree. When it comes to scalping, apart from a good strategy and having the discipline to employ it, one needs the tightest spreads they can find or it won't work.
  • #29
  • Feb 13, 2019 2:46pm Feb 13, 2019 2:46pm
Personally I enjoy trading a couple of pairs like USDJPY, EURAUD and GBPAUD, but I never limit myself to certain pairs, and trade what I see according to my trading plan/strategy.
  • #30
  • Feb 14, 2019 7:59am Feb 14, 2019 7:59am
Quoting RachFX
Personally I enjoy trading a couple of pairs like USDJPY, EURAUD and GBPAUD, but I never limit myself to certain pairs, and trade what I see according to my trading plan/strategy.
Why do you like trading these currency pairs in particular?
  • #31
  • Feb 15, 2019 4:08pm Feb 15, 2019 4:08pm
Because I have found they respect my rules and trading strategy very well.

Are always the first pairs I check now.
  • #32
  • Feb 16, 2019 9:42am Feb 16, 2019 9:42am
Quoting RachFX
Because I have found they respect my rules and trading strategy very well. Are always the first pairs I check now.
Makes sense. Do you check any other or do you stick to these three for the most part?
  • #33
  • Feb 17, 2019 9:47am Feb 17, 2019 9:47am
No I look over all pairs, those that meet my trading plan/strategy go on a short list each week, and of those I will only trade 2 or 3 maximum.

Those three pairs are just ones I find frequently meet my rules and I often find they are on my shortlist each week.
  • #34
  • Feb 17, 2019 12:10pm Feb 17, 2019 12:10pm
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(emphasis added)
Determining what is the best pair(s) to trade is an important element in successful trading. Therefore, understandably, newbie traders often make such a query. The big boys (the Smart Money, the professionals, or those in the know) ask a different question. They ask, " What pair(s) allows me to exit losers the easiest?" That's right, the big boys assume they will be wrong. After all, they're not the big boys because they never lose; they're the big boys because they lose better. Hence they want to know how they can get out with the least amount of effort. In other words, liquidity matters more than volatility.

While it is true that traders trade and the trader who fears volatility fears profits, the recognition that liquidity, not volatility, is more demonstrative of an ideal market sets the professional trader apart from the retail hobbyist.

Stick to the majors.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35
  • Feb 17, 2019 1:30pm Feb 17, 2019 1:30pm
Quoting HiddenGap
{quote} Determining what is the best pair(s) to trade is an important element in successful trading. Therefore, understandably, newbie traders often make such a query. The big boys (the Smart Money, the professionals, or those in the know) ask a different question. They ask, " What pair(s) allows me to exit losers the easiest?" That's right, the big boys assume they will be wrong. After all, they're not the big boys because they never lose; they're the big boys because they lose better. Hence they want to know how they can get out with the least...
This is a really insightful answer that has given me some food for thought........ thank you
  • #36
  • Feb 26, 2019 5:37am Feb 26, 2019 5:37am
Quoting HiddenGap
{quote} Determining what is the best pair(s) to trade is an important element in successful trading. Therefore, understandably, newbie traders often make such a query. The big boys (the Smart Money, the professionals, or those in the know) ask a different question. They ask, " What pair(s) allows me to exit losers the easiest?" That's right, the big boys assume they will be wrong. After all, they're not the big boys because they never lose; they're the big boys because they lose better. Hence they want to know how they can get out with the least...
Correct! Basically, traders need to spend more times on this case, thus they can identify most appropriate trading pairs for them.
  • #37
  • Feb 26, 2019 10:02am Feb 26, 2019 10:02am
Which currency pairs do you prefer to trade?
  • #38
  • Feb 26, 2019 11:05am Feb 26, 2019 11:05am

  1. eurusd, gbpjpy, gbpusd, usdjpy

  • #39
  • Feb 26, 2019 3:27pm Feb 26, 2019 3:27pm
The lowest spread is with EURUSD which is something to be considered in your trade cost calculation.
  • #40
  • Feb 26, 2019 11:38pm Feb 26, 2019 11:38pm
Quoting RachFX
Because I have found they respect my rules and trading strategy very well. Are always the first pairs I check now.
Same from me! I also use 5 trading pairs in my live account based on the success ratios according to my practice sessions.
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