I'm going to do some digging on the net over the weekend for an article i read related to actual return-on-investment-dollar in relation to trading the GBPUSD pair verses the EURUSD pair. In a nut shell this is the basic premise/thought the author was trying to put accross;
Some brokers, have a second underlying factor in the GBP spread that when the author compared them on his trading platorm, was able to see the actual pip cost and even though the GBPUSD did, as we all know, have a greater daily range in most cases than the EURUSD, that the actual cost of the pip value made the GBP, in practical terms, a more expensive trade than the EURUSD.
Anyone remember that article? If i find it i'm going to save it to my PC.
I'm going to do some digging on the net over the weekend for an article i read related to actual return-on-investment-dollar in relation to trading the GBPUSD pair verses the EURUSD pair. In a nut shell this is the basic premise/thought the author was trying to put accross;
Some brokers, have a second underlying factor in the GBP spread that when the author compared them on his trading platorm, was able to see the actual pip cost and even though the GBPUSD did, as we all know, have a greater daily range in most cases than the EURUSD, that the actual cost of the pip value made the GBP, in practical terms, a more expensive trade than the EURUSD.
Anyone remember that article? If i find it i'm going to save it to my PC.
: ) Thom
Ignored
Hi Thom,
Didn't find the article? I also had the theory that gbpusd has more slippage than eurusd in most brokers during news releases.
I trade with every currency pair that my broker offers, all 19 of them:
GBP/CHF, USD/CAD, AUD/JPY, GBP/JPY, EUR/CAD, EUR/USD, GBP/USD, USD/JPY, EUR/JPY, CHF/JPY, EUR/GBP, AUD/NZD, EUR/AUD, AUD/CAD,
NZD/USD, EUR/CHF, AUD/USD, NZD/JPY, and last but no least USD/CHF.
Why? Because the more pairs I trade, the more trading opportunities I get.
I believe for newbie, like me, it is best to trade with EUR/USD, less volatile..
then gradually move to GBP/UDD...then .... as many pairs as your eyes can follow..lol
for me.....just GBP/USD for now. It is better for me to learn how to adapt and perfect my technique one pair at a time....For newbie, not to jump into the hype, you will get burn..by trading many pairs at a time..
People tell us about your favourite currency pairs and y do u like them? also tell us if ur a long term or a short term trader..
i personally like USDJPY im a swing trader..
I used to trade Euro, Cable , Eur/Jpy, USD/CAD , Aussie ,USD/CHF .And i watch closely EUR/GBP and EUR/CHF just for arbitrage .
Usally i 'm a shot trader . I trade news in minutes . On major news release , i take my step in and out of the market in few minutes . And sometimes , with a highly trending pair i trade the trend when no major data may affect the trend .
and y do u like them? also tell us if ur a long term or a short term trader..
Lebtrader 1