The Best Pairs to trade are the ones that you catch at the exact same point when they start moving in a single direction. These Involve JPY , AUD and NZD Pairs and also the CAD, like EURCAD last 3 days
The Best Pairs to trade are the ones that you catch at the exact same point when they start moving in a single direction. These Involve JPY , AUD and NZD Pairs and also the CAD, like EURCAD last 3 days
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I am not sure I understand, do you mean correlating pairs?
Well not actually with correlating you can use the correlating with different Pairs like lets say EUR, USD and JPY. The USD was stronger last few days and the yen is weakening. USDJPY went up starting a new trend. EURJPY is still in its lowest point so it will follow. You can than choose to go long in EURJPY as it will have more power as USDJPY. What I meant was that pairs involving JPY AUD and NZD tend to move longer periods in one direction.
Well not actually with correlating you can use the correlating with different Pairs like lets say EUR, USD and JPY. The USD was stronger last few days and the yen is weakening. USDJPY went up starting a new trend. EURJPY is still in its lowest point so it will follow. You can than choose to go long in EURJPY as it will have more power as USDJPY. What I meant was that pairs involving JPY AUD and NZD tend to move longer periods in one direction.
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Ah, I see what you meant now, thank you for the clarification.
There are no "best" pair to trade. For myself, I like volatile markets. So I'd usually trade big markets like USDJPY, EURUSD, GBPUSD, AUDUSD. You can trade smaller markets but it will be less volatile. Cheers!
There are no "best" pair to trade. For myself, I like volatile markets. So I'd usually trade big markets like USDJPY, EURUSD, GBPUSD, AUDUSD. You can trade smaller markets but it will be less volatile. Cheers!
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I think that every individual has their best pairs to trade and they apply to them alone. Obviously, there are a lot of overlapping reasons between many people and sharing those reasons helps others decide what their best pairs are for themselves.
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Joined Mar 2016
|641 Posts
Now my favorite pair is the EURUSD . this is due to its high volume. This is what we want to see in the market. volume and liquidity and this pair has it all. it is my best pair to trade as far as Forex is concern.
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Joined Mar 2017
|209 Posts
The major pairs always take a big toll in the market. This is mainly because of their liquidity. Traders would want to trade in a currency pair that would easily sell off. I mean the one that has higher movement. Trading in the major or liquid pairs is also much economical due to a reduction in spread fee if compared with the minor exotic pairs.
The major pairs always take a big toll in the market. This is mainly because of their liquidity. Traders would want to trade in a currency pair that would easily sell off. I mean the one that has higher movement. Trading in the major or liquid pairs is also much economical due to a reduction in spread fee if compared with the minor exotic pairs.
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Which one of these pairs do you prefer to trade? And what is your reasoning?
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Joined Mar 2016
|641 Posts
Usually the most traded eight currency pairs have the largest liquidity and they are the most preferred trading pairs. As liquidity decreases spread increases. This enables only swing and medium term traders to trade successfully in the market. It is very difficult to do intraday or day trading in such pairs. Also, these crosses become volatile only when there is major news related to the base currency. Thus, a trader should also know about currency correlation before trading such Forex pairs.
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Joined Mar 2017
|205 Posts
In my trading career, I usually focus on two , maximum three currency pair at a time, thought the exact currency pairs occasionally change. I don’t watch less because some of them aren’t suitable, at least to me, to trade at all times, and I don’t watch less because I would miss things if I were to watch too many pairs at the same time.
Usually the most traded eight currency pairs have the largest liquidity and they are the most preferred trading pairs. As liquidity decreases spread increases. This enables only swing and medium term traders to trade successfully in the market. It is very difficult to do intraday or day trading in such pairs. Also, these crosses become volatile only when there is major news related to the base currency. Thus, a trader should also know about currency correlation before trading such Forex pairs.
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Which eight pairs exactly are you talking about? The most major currency pairs always tend to have liquidity.
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Joined Mar 2016
|578 Posts
I will choose JPY pairs to trade for more profit because they have awesome movement and you can always get good profit from it if you trade with proper management.
I will choose JPY pairs to trade for more profit because they have awesome movement and you can always get good profit from it if you trade with proper management.
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That and right now the EUR and GBP pairs seem to be terribly volatile because of Brexit.
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Joined Mar 2017
|490 Posts
If you ask me, which trading pair is best to start with? Then my answer will; EUR/USD! But, all of trading pairs are the best! Just depend on the entry quality! If you use a complicated entry point on EUR/USD then you should lose this trade, besides you can make money by using volatile Gold if you use fresh entry point! By the way, you need to select your trading pairs by following your live trading performance!
If you ask me, which trading pair is best to start with? Then my answer will; EUR/USD! But, all of trading pairs are the best! Just depend on the entry quality! If you use a complicated entry point on EUR/USD then you should lose this trade, besides you can make money by using volatile Gold if you use fresh entry point! By the way, you need to select your trading pairs by following your live trading performance!
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Why exactly EUR/USD? True, it's the pair with the highest volume, but it's also quite volatile and often range-bound.
For me only EUR/USD trading pair is the best, actually I can’t focus on multiple trading pairs in my trading! And I see, depending on only one trading pair is much workable! Now I can use almost all of trading opportunities of EUR/USD trading pair! And yes, end of the moth I get enough profit here! Such as, last week I got here 180 green pips!
For me only EUR/USD trading pair is the best, actually I cant focus on multiple trading pairs in my trading! And I see, depending on only one trading pair is much workable! Now I can use almost all of trading opportunities of EUR/USD trading pair! And yes, end of the moth I get enough profit here! Such as, last week I got here 180 green pips!
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When people say that EUR/USD is the best for them I always wonder why. Personally, I find it too range-bound for my taste, but that's just me.
