1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Which currency pair should I trade?

Discussion in 'Beginners Bootcamp' started by Jeff Martinez, Oct 3, 2017.

  1. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,121
    Likes Received:
    43
    Indeed scalping trader will prefer for choosing pair with a low spread, and usually, EURUSD and GBPUSD is included good pair with high average movement daily, and low spread, if already mastered on this pair, I think to make money will get easiness
     
  2. Molly141

    Molly141 Private

    Joined:
    Jan 22, 2019
    Messages:
    20
    Likes Received:
    5
    EUR/USD has low spread and lots of liquidity.
     
  3. Morning1234

    Morning1234 Private, 1st Class

    Joined:
    Mar 8, 2018
    Messages:
    49
    Likes Received:
    6
    You should only trade one pair in intraday trading. Better than other Eurodollars. You need to learn this, get used to the movements of the market on this pair, gain experience without spraying your attention.
     
  4. Molly141

    Molly141 Private

    Joined:
    Jan 22, 2019
    Messages:
    20
    Likes Received:
    5
    I certsainly like learning 1 pair first
     
  5. 7Bulletin

    7Bulletin Private, 1st Class

    Joined:
    Dec 24, 2018
    Messages:
    36
    Likes Received:
    5
    Ensure you choose your currency pairs well if your aim is to make profit in forex trading. The lower the spreads, the less demanding the pair is and thus being more affordable. Go for stable currency pairs so that even though you'd be getting very small profit, the risk of you losing everything you've worked for
     
  6. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,121
    Likes Received:
    43
    Usually, EURUSD is a high recommendation for all beginner trader, this pair has low spread and also good average movement daily, but however all pair actually risky, not except with EURUSD, learning one pair and trading in one pair will more easily to manage risk in trading, in addition low spread giving benefit for trader
     
    7Bulletin likes this.
  7. Etedus12

    Etedus12 Corporal

    Joined:
    Dec 9, 2018
    Messages:
    73
    Likes Received:
    11
    You have the free will to choose your preferred pairs for your trade depending on what suits you best. Furthermore, some currency pairs tend to be very difficult to trade with as the risk of loss is very high. Consider the spread and your trading options as well as the currency pairs offered by your broker.
     
  8. Enayess

    Enayess Private

    Joined:
    Feb 18, 2019
    Messages:
    18
    Likes Received:
    4
    The currency pair to trade is always your own choice, and it can greatly determine the level of your success as a forex trader. It all depends on the pairs that your broker offers, and whether you want to trade long term or short term. I would advise that you go for stable pairs.
     
  9. scott11

    scott11 Recruit

    Joined:
    Feb 6, 2016
    Messages:
    113
    Likes Received:
    3
    The easiest to trade are major currencies. Fact is that EURUSD is the most traded currency pair and it is good for any trading method. On the other side, each exotic currency is specific and requires additional research and understanding of that specific market. Usually they have lower liquidity
     
  10. Citaub

    Citaub Recruit

    Joined:
    Jan 18, 2019
    Messages:
    9
    Likes Received:
    1
    Hello and welcome to this forum! I want to advise you to trade the currency pairs which have strength and which are traded at a good rate on the forex market. These currency pairs include EUR/USD, USD/JPY, USD/CHF and many more like these. Thanks for paying attention!
     

Share This Page