What is the easiest currency pair to follow? | Forex Factory

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What is the easiest currency pair to follow?

  • #1
  • First Post: May 31, 2010 11:02am May 31, 2010 11:02am
Hello,

Just wondering about people opinions on what are the easiest pairs to follow and trade?

I have stuck with the Eur/USD and am finding it interesting. But after a nice and easy 2 year down trend, this bottom patch is confusing and unpredictable and cant do much until it starts heading for 1.20 or parity or bounce back up.

Plus the european union is complex so instead of just analysing one country like the US or australia or japan you have a complex web of many countries that all have the euro as currency and all effect its movement.

Thanks for any opinions.
  • #2
  • May 31, 2010 11:03am May 31, 2010 11:03am
Quoting onemind
Hello,

Just wondering about people opinions on what are the easiest pairs to follow and trade?

I have stuck with the Eur/USD and am finding it interesting. But after a nice and easy 2 year down trend, this bottom patch is confusing and unpredictable and cant do much until it starts heading for 1.20 or parity or bounce back up.

Plus the european union is complex so instead of just analysing one country like the US or australia or japan you have a complex web of many countries that all have the euro as currency and all effect its movement....
2 years of lovely price action and trends, and you would thow it away for a few weeks of consolidation?!?!? stick with EURUSD, imo it's the easiet pair to trade. Though i do trade others
  • #3
  • Last Post: May 31, 2010 11:13am May 31, 2010 11:13am
Hi viewers
Better Pair is GBP:USD as you need to analyse about just 2 countries., To add one more good pair is USD:JPY. If you closely watch the band movements of EUR:USD you will find the reverse movement in USD.JPY. So to add one more analysis about Japan will make us conveniently trade and keep ourselves busy confirmed profits.
GK
Quoting onemind
Hello,

Just wondering about people opinions on what are the easiest pairs to follow and trade?

I have stuck with the Eur/USD and am finding it interesting. But after a nice and easy 2 year down trend, this bottom patch is confusing and unpredictable and cant do much until it starts heading for 1.20 or parity or bounce back up.

Plus the european union is complex so instead of just analysing one country like the US or australia or japan you have a complex web of many countries that all have the euro as currency and all effect its movement....
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