Currency Pair For The Newbie | Forex Factory

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Currency Pair For The Newbie

  • #1
  • First Post: Oct 3, 2007 3:21am Oct 3, 2007 3:21am
Hello All Traders,
Am about to start real trading,after demo trading for 3 months,Please advise me on the best currency pair to trade with reasons.I used GBP/USD for the demo trading.Also recommend a good trading system for me.
Thank You All.

KingAde
  • #2
  • Oct 3, 2007 3:25am Oct 3, 2007 3:25am
Quoting kingade
Hello All Traders,
Am about to start real trading,after demo trading for 3 months,Please advise me on the best currency pair to trade with reasons.I used GBP/USD for the demo trading.Also recommend a good trading system for me.
Thank You All.

KingAde
What did you spend 3 months demo trading then? The point to demo trading is to answer all these questions for yourself. Please don't take this as being harsh. Spend your time demoing a system, and pair(s). So that when you make the transfer to real money the surprises are less. I suggest to continue demoing. Spend some time at the James16 chart thread in the trading systems section. And please read all the stickies in the Beginner Q&A section.

and read this forum inside and out. That is what I did.

Good luck to you
Mike
  • #3
  • Oct 3, 2007 6:13am Oct 3, 2007 6:13am
Quoting kingade
Hello All Traders,
Am about to start real trading,after demo trading for 3 months,Please advise me on the best currency pair to trade with reasons.I used GBP/USD for the demo trading.Also recommend a good trading system for me.
Thank You All.

KingAde
hi there..
The fact that u ask this question tells me you are not yet ready to trade live.. i traded on demo for many months before I went live... its far better to make your mistakes on demo than live. All pairs are good, some work better with some strategies than others. I would definitely spend some time on demo with your strategy and see which pairs it works best on. Good luck.
  • #4
  • Oct 3, 2007 6:26am Oct 3, 2007 6:26am
try out eur/chf - spread very low and not so volatile......gbp/usd need a big SL
  • #5
  • Oct 3, 2007 3:42pm Oct 3, 2007 3:42pm
Quoting findcount
try out eur/chf - spread very low and not so volatile......gbp/usd need a big SL

I agree with this post. And all the others as well.

When you are ready, try EUR/CHF. Also, demo it first. It has it's own feel, like 90 year-olds running a marathon.


Clockwork
  • #6
  • Last Post: Oct 5, 2007 4:41am Oct 5, 2007 4:41am
Quoting clockwork71
I agree with this post. And all the others as well.

When you are ready, try EUR/CHF. Also, demo it first. It has it's own feel, like 90 year-olds running a marathon.


Clockwork

someone actually agrees with me ?????

looks like i should try out the lottery soon.............
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