It's not "Better", it's better for people who like it.
It has several advantages: it's more liquid and spreads are lower.
However, those are not the only two things to look for in a pair.
If you're a beginner, it's a nice pair for testing strategies because of the two things I mentioned. However, as you begin to look into other pairs, some may work for you better beause they are slower or faster.
As for my observation, as the rule, this pair is offered with one of the lowest spreads and almost always shows good motion. And so it is convenient to trade EURUSD
As for my observation, as the rule, this pair is offered with one of the lowest spreads and almost always shows good motion. And so it is convenient to trade EURUSD
Ignored
The spread is tight indeed, but the pair can be pretty volatile and prone to long periods of consolidation which don't lend themselves well to traders who prefer to trade a trend. That said, I suppose it could be pretty useful to those who like scalping.
I would disagree . The EUR/USD is far from volatile and is a stable currency pair without necessarily being flat.Also, it's not too difficult to find information about this pair,that make it easier to analyze it.
|
Additional Username
|
Joined Dec 2015
|3,529 Posts
I do agree about it being easy to find information about EUR/USD - it is, after all, the most popular pair out there, out of any and all Forex instruments, as far as I know.
|
Additional Username
|
Joined Apr 2016
|411 Posts
I think that the EURUSD is among the most popular currencies available in forex trading that comes up with lowest spread and it is also most liquid and volatile pair which can easily be traded even by new traders. It is also one of my favorite pair and i use to trade it in my free time and usually earn some good bucks with it.
{quote} The spread is tight indeed, but the pair can be pretty volatile and prone to long periods of consolidation which don't lend themselves well to traders who prefer to trade a trend. That said, I suppose it could be pretty useful to those who like scalping.
Ignored
Yep, but not only for scalping, but also for intraday it also goes well with this pair.
|
Additional Username
|
Joined Mar 2016
|641 Posts
From my first day of trading I have been EURUSD trading pair
which is really profitable and different than other pairs because of its comfortable trading spreads.
|
Additional Username
|
Joined Mar 2017
|205 Posts
I have seen that traders are always trading EUR, USD and GBP trades which are having regular high movements but in my trading career I like to trade JPY trades which are also having big movements when market start in Asian sessions.
I've read about it in investopedia.But what do you think,why it's soo good?
Ignored
I like most EUR/USD because of it’s low trading spread, on the other hand; I get a handsome monthly percentage here by using only technical indicator based trading system! Besides, it’s a volatile trading instrument, that’s way end of the day I get enough number of pips!
