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Best 2 pairs to trade

  • #1
  • First Post: Dec 6, 2011 3:33am Dec 6, 2011 3:33am
Hello, I trade successfully 2 pairs EURUSD and GBPJPY, I would like to add some other 2 pairs, I looked at correlation but I cannot find suitable pairs. Can you suggest me what next 2 pairs are suitable to trade?

Thanks
  • #2
  • Dec 6, 2011 3:44am Dec 6, 2011 3:44am
If you want pairs uncorrelated with EUR/USD and GBP/JPY, you can try AUD/NZD. Just find a broker with low spread on it, because it can sting.
  • #3
  • Dec 6, 2011 5:52am Dec 6, 2011 5:52am
Quoting enivid
If you want pairs uncorrelated with EUR/USD and GBP/JPY, you can try AUD/NZD. Just find a broker with low spread on it, because it can sting.
My broker has a quiet high spread on this pair (8.8) I watch the correlation others pairs and I have found nzdcad and gbpnzd. There are a pretty good spreads and correlation also. Do you have some experience wtih these pairs?
  • #4
  • Dec 6, 2011 6:12am Dec 6, 2011 6:12am
AUD/CAD or EUR/CHF
  • #5
  • Dec 8, 2011 2:57am Dec 8, 2011 2:57am
Quoting petertrader
Hello, I trade successfully 2 pairs EURUSD and GBPJPY, I would like to add some other 2 pairs, I looked at correlation but I cannot find suitable pairs. Can you suggest me what next 2 pairs are suitable to trade?

Thanks
Why trade more pairs? You only need to trade one pair successefully. right?
  • #6
  • Dec 8, 2011 5:31am Dec 8, 2011 5:31am
Quoting 4xma
Why trade more pairs? You only need to trade one pair successefully. right?
If you are a long-term trader, it's important to have more than one pairs to trade on. Otherwise you'd have like 4-5 trading opportunities per year.
  • #7
  • Last Post: Dec 8, 2011 5:54am Dec 8, 2011 5:54am
Metals (simple ones are gold and silver) would be good as they are not so much affected by news. IMHO.
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