what pairs to trade? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

Export All pairs or selected pairs to .csv with script 3 replies

What pairs you trade 21 replies

Pairs of Currency Pairs 4 replies

Trending Pairs / Ranging Pairs 0 replies

Attachments: what pairs to trade?
Exit Attachments

what pairs to trade?

  • #21
  • Jun 14, 2015 10:46pm Jun 14, 2015 10:46pm
Quoting RexTexas
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.

Would totally agree with RexTexas, trading the GBP/usd as it is heavily correlated to the eur/usd and they move together often... as you're already familar with the eur/usd this would be beneficial. Adding the triad option of checking the strength of the EUR/GBP to pick your trade bias, for example the EUR/GBP is heading up so therefore the EUR is stronger than the GBP so EUR/USD would be the 'better option' out of the EUR/USD & GBPUSD to trade if both trending up at same time.

My advice with others is to pick the majors or any pair that includes the USD, as the US dollar represents 80% of all daily forex volume and it is this volume (news or otherwise) that drives price movements, in my opinion. This is before the added benefits of low spreads and liquidity unlike the potential slippage on exotics.
  • #22
  • Jun 14, 2015 10:57pm Jun 14, 2015 10:57pm
This can help choose which pair. There are many MT4 versions around as well.

http://forexinvestortools.com/charts/cpm.php

Solutions ONLY!!!
  • #23
  • Jun 18, 2015 1:22pm Jun 18, 2015 1:22pm
No high spread pairs and no JPY/CHF pairs. Rest is fair game.
  • #24
  • Jun 20, 2015 11:46pm Jun 20, 2015 11:46pm
Quoting cenetti
No high spread pairs and no JPY/CHF pairs. Rest is fair game.
Wow, you just stole my words. But I trade on JPY crosses, I love them.
  • #25
  • Jul 2, 2015 6:57am Jul 2, 2015 6:57am
the best pairs to trade with are EUR/USD high volatility in the market.
  • #26
  • Jul 2, 2015 9:02am Jul 2, 2015 9:02am
EUR/AUD might also be interesting, this is my favorite pair.
  • #27
  • Edited 11:33am Jul 2, 2015 10:53am | Edited 11:33am
Combination of average daily range (ADR), volatility & spread.

Do some research.

http://www.investopedia.com/articles...ay-trading.asp

Attached File(s)
File Type: ex4 Daily Range PeterE.ex4   8 KB | 286 downloads
It never gets easier, you just get better
  • #28
  • Jul 3, 2015 1:00am Jul 3, 2015 1:00am
I would stick with the majors, esp EUR USD and GBP..
But you can try trading the other currencies on your demo..and then move to the live acc you have set up, good luck.
  • #29
  • Last Post: Jul 3, 2015 3:20pm Jul 3, 2015 3:20pm
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

Open your self to as many pairs as possible. The best way you will learn price action trading is to analyze as many charts as possible. Stick with spreads under 5 pips. Any other pairs will be too erratic.
0 traders viewing now