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The best Pairs to Trade?

  • #61
  • Aug 14, 2016 5:14am Aug 14, 2016 5:14am
From what I have learned so far from other traders is that there is no best pair. The best pair is all dependent upon the system your trading and how it works with that specific currency pair. One pair may preform well under one system and not so well under another.
  • #62
  • Aug 16, 2016 3:58am Aug 16, 2016 3:58am
Quoting Subliminal
From what I have learned so far from other traders is that there is no best pair. The best pair is all dependent upon the system your trading and how it works with that specific currency pair. One pair may preform well under one system and not so well under another.
I agree. What matters the most is the strategy aimed at a certain pair, rather than the pair itself.
  • #63
  • Aug 16, 2016 5:13am Aug 16, 2016 5:13am
Quoting mlawson71
{quote} I agree. What matters the most is the strategy aimed at a certain pair, rather than the pair itself.
someone agreed with me! I'm new too this glad too see I'm on the right path.
  • #64
  • Aug 17, 2016 3:41am Aug 17, 2016 3:41am
Quoting Subliminal
{quote} someone agreed with me! I'm new too this glad too see I'm on the right path.
Well, what you said made sense to me. The market is huge and there are strategies for all sorts of pairs, time frames, etc. the point is to find the one that is right for you.
  • #65
  • Aug 21, 2016 3:44pm Aug 21, 2016 3:44pm
Don't trade a currency whose central bank has been known to place an artificial cap on its value against another currency: Swiss Franc. I always trade the Eur/Usd, because these two currencies represent stability being the world's largest trade partners and reserve currencies.
  • #66
  • Aug 22, 2016 4:23am Aug 22, 2016 4:23am
I couldn't agree more. I am staying as far away as possible from any CHF pairs even now, after they actually removed the cap.
  • #67
  • Mar 24, 2017 2:22pm Mar 24, 2017 2:22pm
Exotic pair, I really want to trade with Exotic pairs but it seems the spreads of them is unthinkable high, it is range from 4-30 pips. If only the spread is lower I will do it , but right now I still prefer EUR/USD and GBP/USD or JPY/USD which have better spreads it is usually less than 3 pips.
  • #68
  • Mar 24, 2017 3:44pm Mar 24, 2017 3:44pm
For becoming a knowledgeable trader obviously we the traders have to trade multiple currencies. My trading career in demo account I always trade various pairs to see the performance how it works. This approach always helps me to increase my trading performance very rapidly.
  • #69
  • Mar 24, 2017 7:25pm Mar 24, 2017 7:25pm
Actually, anything that contain USD inside. EURUSD,USDJPY,GPBUSD,AUDUSD,NZDUSD. All is profitable if we know when at the right time to trade with those currencies especially during USD high impact news such as NFP or retail Sales.
  • #70
  • Mar 25, 2017 5:29am Mar 25, 2017 5:29am
Quoting Banet
Actually, anything that contain USD inside. EURUSD,USDJPY,GPBUSD,AUDUSD,NZDUSD. All is profitable if we know when at the right time to trade with those currencies especially during USD high impact news such as NFP or retail Sales.
I mostly agree, but I would recommend, especially to newbies, to be careful when trading EUR/USD and GBP/USD. The former is often pretty range-bound and if you're not experienced trading range you might end up getting burned. The later has been terribly dependent on politics lately, and any news coming out of Britain about Brexit tend to put it in a tailspin.
  • #71
  • Mar 26, 2017 1:22pm Mar 26, 2017 1:22pm
Honestly Speaking, in my trading career I do not have a aversion towards any currency pair. However, I am bit edgy when it comes to NZDUSD pair. Actually it is quite difficult to trade that pair due to a lot of zig zag movements. So obviously it is very much avoidable as a day trader. However, swing and medium term trading can be done without any issues. Even though I don’t dislike the pair, still I avoid trading in that counter as it needs a lot of concentration.
  • #72
  • Mar 26, 2017 2:50pm Mar 26, 2017 2:50pm
For me , the pairs with highest spreads are my least favorite cause its hard for me to cross over the spread point to make a profit and I have to wait for a long time if they do go over that. Basically I like the most popular ones due to low spreads and high volume on trades. I do not like any two European pairs with each others as they are not having much movement due to the fact that they’re kind of similar in nature and therefore less movement.
  • #73
  • Mar 28, 2017 5:29am Mar 28, 2017 5:29am
Quoting Kanewilliams
For me , the pairs with highest spreads are my least favorite cause its hard for me to cross over the spread point to make a profit and I have to wait for a long time if they do go over that. Basically I like the most popular ones due to low spreads and high volume on trades. I do not like any two European pairs with each others as they are not having much movement due to the fact that theyre kind of similar in nature and therefore less movement.
EUR/GBP seems quite lively, if you ask me. True, currently it's consolidating, but there are big-enough (for me at least) quite often.
  • #74
  • Mar 28, 2017 12:14pm Mar 28, 2017 12:14pm
Actually we must pick pairs that are highly demanding and high traded and strong against other currencies, the majority of the times in performance in order to make money from it like EUR/USD. We do not have to worry about this pair as we can expect to profit from it in the long term and EUR is mostly stronger than the US the majority of the time. We also like the EURGPB against the yen pair.
  • #75
  • Mar 28, 2017 1:30pm Mar 28, 2017 1:30pm
i like the high volitility pairs like GJ, crazy wide spreads but you can grab +20 pips in any given day
  • #76
  • Mar 30, 2017 5:49am Mar 30, 2017 5:49am
Quoting Cmoss
i like the high volitility pairs like GJ, crazy wide spreads but you can grab +20 pips in any given day
If the spread is so wide is it even worth it to trade for 20 pips though? On these pairs I mean.
  • #77
  • Mar 30, 2017 6:00am Mar 30, 2017 6:00am
Two basic questions that ambitious forex traders always ask: “which currency pairs are best to trade?” For me, the EURUSD is the leading internationally traded pair, & therefore it provides the largest volume of all currency pairs, it is the most usable, which is the reason I fancy it over its correlated currency.
  • #78
  • Mar 30, 2017 11:36am Mar 30, 2017 11:36am
In order to me , cross pair sometimes is good but yeah not really profitable if you are still newbie to it, but if you can catch the hole it, you can make big profit the daily movement could be up to 150 pips per day without much news that affecting it.
  • #79
  • Mar 30, 2017 2:40pm Mar 30, 2017 2:40pm
The major pairs are traded the most as their price movement is very frequent and affect the market a lot, you have opportunity to hit profit each day.
  • #80
  • Mar 30, 2017 3:48pm Mar 30, 2017 3:48pm
It depends on what you're looking for. As a short term trader I prefer the majors for their low trading costs and greater liquidity. Considering I'm also mostly a reversal trader (as trading reversals is the most straight forward implementation of buy low and sell high) I prefer these pairs with lots of straight up/down movements. In the end I have 4 or 5 pairs on my screens (EUR/USD, GBP/USD, AUD/USD, USD/CAD and sometimes USD/JPY). On most days I trade actively on 2 of them because they behave best at that specific time of that one day. Next day can already be very different. I'm very active on cable since a while now (guess why) but during the last week I did prefer USD/CAD over most of other pairs.
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