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GBP/USD better?

Discussion in 'Beginners Bootcamp' started by ssg10, Nov 8, 2007.

  1. ssg10

    ssg10 Recruit

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    Hello. I was just curious that seems like GBP/USD is the more popular vehicle compared to other pairs. Is this true and any reason for that?
    I am a night person (living in california) and london hours seem to be better for me. Which pair is best to trade for my situation?
     
  2. Pharaoh

    Pharaoh Colonel

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    GBPUSD is generally the most traded pair, and therefor has the greatest liquidity. Some people decide that it's best to tightly focus their forex strategies on only 1 pair or a limited number of pairs, and the GBPUSD is usually one of those selected.
     
  3. No Time

    No Time Private, 1st Class

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    No Doubt GBPUSD is most liquid.

    The EURUSD is right behind it in liquidity and usually has lower spreads.
     
  4. Pharaoh

    Pharaoh Colonel

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    True. The advantage of the GBPUSD is that it tends to move farther and faster, thus there are greater rewards. The drawback is that there are also greater risks.

    I think the EURUSD is probably the second most popular pair for day traders.
     

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