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The best Pairs to Trade?

EUR/USD is where the gold lies within hahahaha, but now for real

The best pairs in my opinion are:
- EUR/USD
- EUR/JPY
- AUD/JPY
- USD/JPY
- AUD/USD
- GBP/USD
No matter witch or how many pairs to trade, but you have to know the character of the beasts.
Of course correlations has to be taken into account as well otherwise you`re messing with risk management.
Quoting ryan-fx
No matter witch or how many pairs to trade, but you have to know the character of the beasts. Of course correlations has to be taken into account as well otherwise you`re messing with risk management.
I agree. There are suitable strategies for most currency pairs out there, one just has to know how they behave in order to use the proper strategy for them.
EURUSD and USDJPY are very liquid and with tight spreads.

The technicals usually hold up well as everyone is looking at the same thing.

EURJPY and GBPJPY for violent large pip moves.

AUDUSD is also easy to trade.
The gpd/jpy or any yen currencies are great to trade as they have heaps of movement
I, personally, would really avoid any GBP pairs at the moment. They are too influenced by politics and politics can be unpredictable.
I am in Thailand and i would like to know which is the best pair to trade around 19:00 to 23:00

Thanks
I guess the major popular pairs can be the good option to trade and those which are the exotic or less popular pairs should be avoided as they are more riskier to trade than the popular pairs.
Quoting taleeman
I am in Thailand and i would like to know which is the best pair to trade around 19:00 to 23:00 Thanks
Check a Forex session clock that shows when the different sessions (the European one, the American one, the Asian one, etc.) open and close and base your trading on those times. Usually during the European session the most active pairs are the Euro-based ones, during the American one - the USD-based ones, during the Asian session - the JPY-based ones and so on and so forth.
Only trade one pair for at least three months. Don't be tempted to look at other pairs in the three months. Monitor the pair diligently in three time frames. Create alerts. This will allow you to learn more about its structure and cycles. GBPJPY or EURJPY.
Quoting jentino
Only trade one pair for at least three months. Don't be tempted to look at other pairs in the three months. Monitor the pair diligently in three time frames. Create alerts. This will allow you to learn more about its structure and cycles. GBPJPY or EURJPY.
I always monitor EUR/USD, GBP/USD and GBP/JPY. And for GBP/JPY, the price movement is not that bad until you find a high impact news.
Until you learn your skill EURUSD is the pair to trade. Volatility and spread are fairly low.

After you learn your skill, any pair will do, on any timeframe.
If you are good at something, never do it for free--Joker
Quoting jmn5611
Until you learn your skill EURUSD is the pair to trade. Volatility and spread are fairly low. After you learn your skill, any pair will do, on any timeframe.
It has also lacked clear direction for a long time now. Of course, learning how to trade range is a basic thing all rookies need to acquire.
Safest way to trade -> EURUSD (Best liquidity)
Long term profit -> EURUSD (lowest spreads)
A novice question- What is the best way to pick the orientation of a pair? Ie. EUR/USD or USD/EUR?

Is there anything that should be taken into consideration with the mentioned choice?

The charts are the same except the chart is effectively reversed? I have noticed with my broker the spreads are different between the two.
Well I think the best currency pairs to trade in my opinion are EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, EUR/JPY, GBP/JPY, Gold / Silver, Oil, Dow index and S&P 500 index because they are quite predictable compared to the others.Hope this helps
Goal of a successful trader is to make the best trades. Money is secondary
Most platforms that I have seen only offer one or the other, never both orientations at the same time, so traders don't usually have the choice to pick one of them.
Quoting mlawson71
{quote} It has also lacked clear direction for a long time now. Of course, learning how to trade range is a basic thing all rookies need to acquire.
Definitely. It is probably the most important skill to learn.
If you are good at something, never do it for free--Joker
Quoting jmn5611
{quote} Definitely. It is probably the most important skill to learn.
True. And yet sometimes it seems one of the most elusive, to me at least. It took me a long time to learn to do that and I still am not very good.
I trade all pairs based on strong vs weak.
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