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The best Pairs to Trade?

  • #421
  • Oct 5, 2019 10:40am Oct 5, 2019 10:40am
There is no such thing as best pair that can be applied to all traders. It depends on your strategy, your account size, and many other factors. For example if you want to trade based on a scalping strategy, you need small spread and smooth price movements, EURUSD might be a good choice. If you really want a flat market to try consolidation strategies you may be interested in EURCHF or EURGBP. Some people like fast price movements because they can earn fast (and lose fast), for these people GBPJPY or GBPUSD are good choices. But some pairs like EURUSD, USDJPY are mostly good for many different strategy types, they also have very high liquidity so they’re recommended.
  • #422
  • Oct 5, 2019 1:04pm Oct 5, 2019 1:04pm
I agree. If you're a newbie it's better to stick to the more popular pairings simply because there is more available information about them, once you gain enough experience you can always try the exotics too.
  • #423
  • Oct 5, 2019 7:32pm Oct 5, 2019 7:32pm
Quoting Butterscotch
For many traders, EUR-USD is best as it is always having movement to get the right entry and exit. I like to work with USD-JPY, the same high movement for Asian session.
Like you say, the more movement in a pair the better. I sometimes use an indicator to scan the pairs for the ones having the most heat at the moment.

I’ve generally have had the best results trading EUR/USD and GBP/JPY. And the worst results trading pairs including AUD, NZD and CHF.
  • #424
  • Oct 6, 2019 10:59am Oct 6, 2019 10:59am
Quoting Stalemate
{quote} Like you say, the more movement in a pair the better. I sometimes use an indicator to scan the pairs for the ones having the most heat at the moment. I’ve generally have had the best results trading EUR/USD and GBP/JPY. And the worst results trading pairs including AUD, NZD and CHF.
What indicator do you use?
  • #425
  • Oct 6, 2019 6:22pm Oct 6, 2019 6:22pm
Quoting mlawson71
{quote} What indicator do you use?
I use the PZ Heat Finder. I’m on my phone right now but if you want I can attach it when I get on my computer.
  • #426
  • Oct 6, 2019 11:15pm Oct 6, 2019 11:15pm
USDJPY works best for me!
  • #427
  • Oct 6, 2019 11:53pm Oct 6, 2019 11:53pm
Quoting mlawson71
I agree. If you're a newbie it's better to stick to the more popular pairings simply because there is more available information about them, once you gain enough experience you can always try the exotics too.
its a fine line you have explained , thanks Mate for your nice information.
  • #428
  • Oct 8, 2019 12:15pm Oct 8, 2019 12:15pm
Quoting MarkFxAnde
{quote} its a fine line you have explained , thanks Mate for your nice information.
You are welcome!
Which currency pairs do you prefer?
  • #429
  • Oct 9, 2019 1:46pm Oct 9, 2019 1:46pm
Quoting mlawson71
{quote} Is USD/JPY your favourite pair to trade then?
Not favorite actually; but sometimes I use it (if my trading strategy provides any new entry point). My favorite trading pair is GBPJPY.
  • #430
  • Oct 10, 2019 12:23pm Oct 10, 2019 12:23pm
Quoting GeorgeBaile
{quote} Not favorite actually; but sometimes I use it (if my trading strategy provides any new entry point). My favorite trading pair is GBPJPY.
Why do you like GBP/JPY better than USD/JPY?
  • #431
  • Oct 29, 2019 10:41pm Oct 29, 2019 10:41pm
If new to the market then trading with the popular currency pairs will be the good idea for newbies, they are more clear compare to other currency pair.
  • #432
  • Oct 30, 2019 1:00am Oct 30, 2019 1:00am
Quoting Butterscotch
If new to the market then trading with the popular currency pairs will be the good idea for newbies, they are more clear compare to other currency pair.
Even, a number of new traders start their journey by the major pair especially the EURUSD!
  • #433
  • Nov 7, 2019 3:16pm Nov 7, 2019 3:16pm
Quoting GeorgeBaile
{quote} Even, a number of new traders start their journey by the major pair especially the EURUSD!
It depends on your trading style. But I agree that for beginners the best pair is EURUSD. I am trading for 7 years, last 5 years I am earning money and 90% of my trades are with EURUSD.
  • #434
  • Nov 8, 2019 2:33pm Nov 8, 2019 2:33pm
Quoting dean55555
{quote} It depends on your trading style. But I agree that for beginners the best pair is EURUSD. I am trading for 7 years, last 5 years I am earning money and 90% of my trades are with EURUSD.
Different approaches for different people. A lot of people prefer to avoid this pair.
  • #435
  • Nov 12, 2019 2:25am Nov 12, 2019 2:25am
if you have real knowledge and experience , every pair can be better , generally traders like to trade in Majors but i think we have to trade all others besides , it supports to enhance trading performance very rapidly.
  • #436
  • Nov 15, 2019 12:14am Nov 15, 2019 12:14am
when price starts going up properly ( a start of a trend that lasts few days/weeks) what is the real reason big banks start to buy?

there must be some sort of criteria or reason for them to start buying big

if it is really associated with price, then they are buying cheap? how do you work out what's cheap? there must be a way

thanks
  • #437
  • Nov 15, 2019 2:14am Nov 15, 2019 2:14am
I prefer to trade on majors.
  • #438
  • Nov 15, 2019 1:24pm Nov 15, 2019 1:24pm
Quoting rogerpro
I prefer to trade on majors.
Which majors do you prefer?
  • #439
  • Nov 16, 2019 11:27am Nov 16, 2019 11:27am
The choice of a currency pair for trading is not at all as simple as it might seem at first glance, in this case you should adhere to some rules and take into account the peculiarities of trading for each instrument. I base my choice of a currency pair on such indicators as: volatility, trading strategy and the complexity of the forecast rate.

First, define your goals, if your'e just starting to trade, then do not pursue profit, but prefer stability. That's, choose not very volatile pairs that will protect your deposit. The most stable currency pairs are EUR / GBP, AUD / USD, NZD / USD and AUD / JPY; their volatility is 40-50 points.

If you're a more advanced trader, then choose pairs with high volatility, for example EUR / USD. The advantage is that there are more news on this pair.
  • #440
  • Nov 16, 2019 12:19pm Nov 16, 2019 12:19pm
That was a very helpful advice, thank you for sharing it with us!
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