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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DislikedThe 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 daysIgnored
DislikedWell 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.Ignored
DislikedThere 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!Ignored
DislikedThe 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.Ignored
DislikedUsually 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.Ignored
DislikedI 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.Ignored
DislikedIf 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!Ignored
DislikedFor 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!Ignored