what pairs to trade? | Forex Factory

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what pairs to trade?

  • #1
  • First Post: May 24, 2015 4:21am May 24, 2015 4:21am
Hello traders
Ive been stalking the euro for some time and making progress in My trading, think I can see and understand price action now, I can start to see when things pick up, I'm trading a live account using mini lots now, been demoing for some time.

Would like to venture out and trade other pairs now could someone please recommend some more pairs to trade looking at the charts they are all different for sure, I'm sure they are all different in many ways, be really interested in hearing what pairs traders trade and why?

Thank you
  • #2
  • May 24, 2015 4:59am May 24, 2015 4:59am
Quoting jonisonvespa
Hello traders Ive been stalking the euro for some time and making progress in My trading, think I can see and understand price action now, I can start to see when things pick up, I'm trading a live account using mini lots now, been demoing for some time. Would like to venture out and trade other pairs now could someone please recommend some more pairs to trade looking at the charts they are all different for sure, I'm sure they are all different in many ways, be really interested in hearing what pairs traders trade and why? Thank you
That's kind of an open question. When you are looking at pairs, do you consider the spread? How about swap? Where do you live?

I live in the states. EU, GU, and UJ are all I would consider.
If you are good at something, never do it for free--Joker
  • #3
  • May 24, 2015 5:29am May 24, 2015 5:29am
Yes defiantly like low spreads, do you trade those pairs because of the adr, or because of the spread? Or something else?
I'm from the uk
  • #4
  • May 25, 2015 2:12am May 25, 2015 2:12am
I once read that the forex triads are a good way to start for beginners, but not sure how true it is. One triad would be for example: EUR/USD, GBP/USD and EUR/GBP. The idea is that you can easily read strength from the triad since price of two of the pairs always enable you to calculate the price of the third. I briefly tested it and it's a very interesting way of looking at it. Maybe it gives you an idea.
  • #5
  • May 25, 2015 7:53am May 25, 2015 7:53am
If it ain't broke don't fix it...

Add money management and grow your account.


I like USDJPY just because we've been a relationship for a while and I know her attitude.

GL
Solutions ONLY!!!
  • #6
  • May 26, 2015 5:22am May 26, 2015 5:22am
Download CSM(currency strength meter) of henry Leu. take the strongest pair against the weakest at European open and use the ABCD trading method as explained in the ABCD forum by Clive. I have a 80% plus success rate with tight stoploss positions. Dont get technical..the markets move because of news..so trade the charts as you see them. This is a simple way to start without getting confused by the BS
clasgolf
  • #7
  • May 27, 2015 9:26am May 27, 2015 9:26am
Thank you all
  • #8
  • May 29, 2015 12:31am May 29, 2015 12:31am
USDJPY cable crosses and EURUSD..and NO chf, thank you very much..
  • #9
  • May 30, 2015 11:04am May 30, 2015 11:04am
I would stick to the majors and avoid any unliquid exotic pairs. Whenever I see people complain about slippage and then blaming their brokers it's usually due to trading those shitty pairs. I mean seriously, it is clear that the short term lack of liquidity moves the market (It's all supply and demand in the end) so if a pair is constantly moving some way making huge swings round the clock then that is not the hidden secret to making money but its simply something to avoid if you want to stay alive.
  • #10
  • Jun 8, 2015 9:12am Jun 8, 2015 9:12am
In my opinion is the best pair to trade EUR/USD during london times!
  • #11
  • Jun 8, 2015 11:12am Jun 8, 2015 11:12am
I'm focus EU and sometimes GU (look for the news) , and London season only, no matter what.
what ever it takes
  • #12
  • Jun 9, 2015 3:49am Jun 9, 2015 3:49am
I agree with JenSG, stick with the majors.
Exotic pairs may suffer from lack of liquidity and you will get bad execution on the broker side.
  • #13
  • Jun 9, 2015 4:08am Jun 9, 2015 4:08am
EU,GU,UChf,UJ,AU,NU,UCad, Gold.

Stick with them in charts and check the correlations if you decide not to trade them all. Anything else is created to loot your money
  • #14
  • Jun 9, 2015 8:29am Jun 9, 2015 8:29am
The way I find what pairs to trade is by going to www.mataf.net and clicking on forex volatility. I change the time period to 4 weeks and I click on the dollar amount and select the pairs that have the highest traded dollar amount. I avoid the CHF pairs.

I have been trading GBPNZD, GBPAUD, GBPJPY, GBPUSD, EURAUD, EURJPY, and EURGBP. There are other pairs that have higher volatility, but I also take spread into consideration.

I have never found myself in a problem of not enough liquidity. As of right now, each of these pairs excluding the EURGBP have well over 100 pip daily averages. The only reason for choosing EURGBP is because of its high pip value, and low spread. If you're new to trading, just stick to the majors and risk 1% of your account at most per trade.
  • #15
  • Jun 9, 2015 2:33pm Jun 9, 2015 2:33pm
If you're an intra-day trader then you need to be careful with the spread of higher pairs. If you're a day trader you can trade most pairs on the daily chart and not be bothered about the spread.
  • #16
  • Jun 9, 2015 7:34pm Jun 9, 2015 7:34pm
Quoting shadodwel
The way I find what pairs to trade is by going to www.mataf.net and clicking on forex volatility. I change the time period to 4 weeks and I click on the dollar amount and select the pairs that have the highest traded dollar amount. I avoid the CHF pairs. I have been trading GBPNZD, GBPAUD, GBPJPY, GBPUSD, EURAUD, EURJPY, and EURGBP. There are other pairs that have higher volatility, but I also take spread into consideration. I have never found myself in a problem of not enough liquidity. As of right now, each of...
Great site. Thanks!
Make your losses in demo. Earn your profits live.
  • #17
  • Jun 9, 2015 9:18pm Jun 9, 2015 9:18pm
I usually trade the majors with the USD as the quote currency. They usually have the highest volume and volatility and trends best.
Make your losses in demo. Earn your profits live.
  • #18
  • Jun 11, 2015 6:10am Jun 11, 2015 6:10am
Best is low spread pairs for me, but i like watchin pairs with NOK as i live in Norway, but large spread but also large movements thousands pips...
  • #19
  • Jun 14, 2015 12:57pm Jun 14, 2015 12:57pm
My focus these days is on EURUSD and it is going good so far from last two months. I am also keen in trading with AUDUSD as it is good for my trend strategies.
  • #20
  • Jun 14, 2015 10:21pm Jun 14, 2015 10:21pm
Depends on your time zone.

I follow the fundamentals and then the technicals.

So for me !'d rather focus on something that's coming out in Australiasian/Asian session rather than a European or US.

I also like to take a position or trade coming into liquidity ie Australia into opening Asia rather than receding liquidity closing London into New York.
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