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Toughest Currency Pairs To Trade

  • #1
  • First Post: Oct 21, 2015 3:43pm Oct 21, 2015 3:43pm
I have always thought about this. Any thoughts? I have been having difficulty trading USDCAD lately to say the least as it correlates strongly with crude oil, and the commodity can be very volatile.

When JPY pairs have places to go, I have found them to be some of the easier pairs.
  • #2
  • Oct 22, 2015 4:09am Oct 22, 2015 4:09am
EURCHF. Goes nowhere then 2000 pips in a minute . Going nowhere again. I had a couple of EChf trades not long ago that lasted about a month each. Never again.

I like the GBP pairs; I think they respect PA very well and move well.
  • #3
  • Oct 22, 2015 6:04am Oct 22, 2015 6:04am
Last year I had exp with EURTRY unforgetable feelings
  • #4
  • Oct 22, 2015 6:36am Oct 22, 2015 6:36am
Some brokers offer Ruble.. think it's rather exotic. I would try it on demo
  • #5
  • Oct 22, 2015 6:40am Oct 22, 2015 6:40am
I've always found GBP/JPY the worst of the majors, for my methods. (I don't actually trade it at all, but sometimes look.) There might be some "selection-bias" in this opinion, but it seems to me to be very difficult for fast-moving, intraday trading.
  • #6
  • Oct 22, 2015 7:21am Oct 22, 2015 7:21am
Quoting Xela
I've always found GBP/JPY the worst of the majors, for my methods. (I don't actually trade it at all, but sometimes look.) There might be some "selection-bias" in this opinion, but it seems to me to be very difficult for fast-moving, intraday trading.
When I trade GN, GA and GJ, come NY close and Friday nights, depending on how close my current stops are to the price (within 50 pips or so) I sometimes remove them altogether because my broker is bound to do crazy things with the spread on those pairs . After the drama, yes, I do put the stops back. Sometimes I use pending stop orders instead for news announcements, then if news goes against me, I can benefit both ways. I double up in the original direction too. I know price will go my way, eventually .
  • #7
  • Oct 22, 2015 8:01am Oct 22, 2015 8:01am
All currency pairs are equally hard or equally easy to trade depending on the diffculty you experience in opening your platform and clicking the buy/sell button.
  • #8
  • Oct 22, 2015 9:09am Oct 22, 2015 9:09am
Quoting Atokys
All currency pairs are equally hard or equally easy to trade depending on the diffculty you experience in opening your platform and clicking the buy/sell button.
Agreed with this. The only way you can initially filter currencies is how much volatility they have and how many pips you can expect to see move up and down. If you have a smaller account (a real one) then it's probably best ot start off with "calmer" pairs that don't see so much movement, just to get a feel of trading. After that you can stick with them or move on to where there is potentially more profit (accompanied by risk of course)
  • #9
  • Oct 22, 2015 10:06am Oct 22, 2015 10:06am
Quoting Xela
I've always found GBP/JPY the worst of the majors, for my methods. (I don't actually trade it at all, but sometimes look.) There might be some "selection-bias" in this opinion, but it seems to me to be very difficult for fast-moving, intraday trading.
It's harder to trade because it's a derivative pair(cross) and like all derivatives it has more erratic and unpredictable movement.
To trade this cross you have to watch the majors. GBPJPY = GBPUSD*USDJPY.
  • #10
  • Oct 22, 2015 12:33pm Oct 22, 2015 12:33pm
Pairs can get easier when they break into the open field with places to go.
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  • #11
  • Oct 22, 2015 8:32pm Oct 22, 2015 8:32pm
Trading any of the currency pairs outright without a second leg?
No Highs? No Lows? Must be Bose!
  • #12
  • Nov 3, 2015 2:39pm Nov 3, 2015 2:39pm
I think the JPY pairs are the hardest pairs to trade on for me, at the moment
  • #13
  • Oct 2, 2025 10:59am Oct 2, 2025 10:59am
In the UK, where can I trade USDT pairs - CUY CNS GEM XKB PAF ?
  • #14
  • Last Post: Oct 3, 2025 12:46am Oct 3, 2025 12:46am
I dont understand why one will trade difficult or exotic pairs. FX is already hard enough. I find Eu/usd usd/jpy are more than enough basicaly to trade and move relativly good for FX.
Stick to the plan!
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