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Best pairs for long term trading

  • #1
  • First Post: Mar 16, 2012 12:59am Mar 16, 2012 12:59am
Hello traders.
What currency pairs do you suggest me for long term trading( from few days to couple of weeks if not months). I got bored this week looking at eurusd tradingin one same range for five days so i decided to brodem my horizons. GBP/USD looks like a good pair for trading. Your thoughts?
  • #2
  • Mar 16, 2012 1:33am Mar 16, 2012 1:33am
Quoting Government
Hello traders.
What currency pairs do you suggest me for long term trading( from few days to couple of weeks if not months). I got bored this week looking at eurusd tradingin one same range for five days so i decided to brodem my horizons. GBP/USD looks like a good pair for trading. Your thoughts?
first of all what you talk about is short-term to medium term. Long-term starts with years to holding forever. And no this is not equal to investing. When you invest you are only on the long side, never on the short side.

The easiest are always those that trend a lot, so go for those. gbp/usd is a bit too choppy in my opinion for this kind of trading though.
  • #3
  • Mar 16, 2012 2:46am Mar 16, 2012 2:46am
So many people suggest me to trading with USD/JPY, however, I really do not know whether or not this is correct.
  • #4
  • Mar 16, 2012 2:54am Mar 16, 2012 2:54am
Hi
I recommend that u go for GOLD or Oil
Personally , I prefer to go for Gold where we can mantain the same tools and analysis used for currencies
rgds
  • #5
  • Mar 16, 2012 2:45pm Mar 16, 2012 2:45pm
Quoting brokeralex
So many people suggest me to trading with USD/JPY, however, I really do not know whether or not this is correct.
USD/JPY IMO is excellent for trend trading in the past month
  • #6
  • Mar 17, 2012 4:56pm Mar 17, 2012 4:56pm
Thanks all of you for advice. Maybe GBP/USD is too choppy for longer term trading. I might try USD/JPY instead but it seems that it bounces like crazy when BoJ makes a move.
  • #7
  • Mar 18, 2012 4:32am Mar 18, 2012 4:32am
take sneak a peek at eur/cad.imho less noisy
  • #8
  • Mar 19, 2012 1:18am Mar 19, 2012 1:18am
Quoting Government
Hello traders.
What currency pairs do you suggest me for long term trading( from few days to couple of weeks if not months). I got bored this week looking at eurusd tradingin one same range for five days so i decided to brodem my horizons. GBP/USD looks like a good pair for trading. Your thoughts?
I do not think that there can be an answer to this question. Every pair will have some trend at some time and some sideways at other times. For any longer term trade we need to find a pair which is having a good trend or some trend is emerging which is supposed to be longer term.

By the way EUR/USD and GBP/USD have a very strong positive correlation.
  • #9
  • Mar 19, 2012 8:06am Mar 19, 2012 8:06am
Every trader have their own choice... But, trade with trend currency pair could be the better choice i suggest!
  • #10
  • Mar 19, 2012 8:07am Mar 19, 2012 8:07am
I would explore the usage of Heiken Ashi candles

apply them to higher TF's and you can visually see which pairs tend to trend more than others
  • #11
  • Mar 19, 2012 4:31pm Mar 19, 2012 4:31pm
Thank you all for your answers. So far EUR/CAD is relatively close to all time low and to me USD/JPY looks like it is set for big rally in the coming months and years. So i should focus on those two currencies for now. If you have more ideas be sure to tell me. All the best.
  • #12
  • Mar 22, 2012 4:31am Mar 22, 2012 4:31am
Some trading pair may be best for long term trading like USD/JPY, AUD/USD, USD/CAD and EUR/CAD.
  • #13
  • Mar 22, 2012 6:45am Mar 22, 2012 6:45am
Quoting Tarusmark27
Some trading pair may be best for long term trading like USD/JPY, AUD/USD, USD/CAD and EUR/CAD.
Yeah, these are all mostly traded currency pairs in forex trade.... You can find the brokers with this currency support from reviewer site!
  • #14
  • Dec 2, 2013 12:28am Dec 2, 2013 12:28am
EURJPY
GBPJPY
AUDJPY
EURCAD
GBPCAD
AUDCAD

right now I find these pairs most trending.
One PIP at a time-My system is automated and now I have ample time
  • #15
  • Last Post: Dec 2, 2013 12:39am Dec 2, 2013 12:39am
I agree with you on these pairs as trending, they worked well for me.
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