Which Pair to trade for a beginner -
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thread: Which Pair to trade for a beginner

  1. #31
    I'd suggest to start trading with the majors, since their motion is a bit more predictable compared to exotics, thus you will have the ability to receive the grips of it a bit more easily.

  2. #32
    Senior Member M-apk's Avatar
    187
    I would propose to start trading with all the majors, as their motion is somewhat more predictable in comparison to exotics, thus you will be able to get the grips of it somewhat more readily.
    That's for certain. Furthermore, there's a lot more information - analyses, classes, etc. available online about the majors compared to exotics. I would propose to leave the exotics for if one gains a little more experience.

  3. #33
    expsito
    Guest
    I'd suggest to begin trading with the majors, as their motion is somewhat more predictable in comparison to exotics, thus you will have the ability to receive the grips of it somewhat more readily.
    Exactly, exotic trading pairs are rather unpredictable! Besides, their trading spreads is large! So, majors will be the best option for the newbie!

  4. #34
    Senior Member M-apk's Avatar
    187
    quote Exactly, exotic trading pairs are relatively unpredictable! In any case, their trading spreads is large! So, majors will be the ideal choice for the newbie!
    Which majors would you want the most? Are there some that you prevent trading regardless of being majors?

  5. #35
    Junior Member miki9424's Avatar
    24
    I think a decent idea for a new trader is to trade ONLY the USD pairs, USD paired with EUR, GBP, CHF, AUD, JPY, NZD. Begin with the daily/4hr charts (anything less is a crap shoot rather frequently ) and simply study each chart till you find what looks like one or 2 good set ups.

    Either look for the best set up out of most of them, and take it. Or, better still, start looking for the best two set ups, and place half sized places to spread the risk a little.

  6. #36
    Junior Member Alpeher's Avatar
    20
    My very first pair in my hotforex account 5 years ago was simply eurusd, first three I learnt about was majores usd eur and gbp I would highly suggest sticking to them for now and slowly spreading awareness with regards to additional pairs along with metals and maybe even learn a thing or two about btc

  7. #37
    Senior Member M-apk's Avatar
    187
    What do you think about some less popular pairs that are still considered majors, like NZD/USD, AUD/USD, USD/CAD, etc?

  8. #38
    Hello everybody.

    I have a problem.

    After 4 months of constant trading within my demo account, last month I started actual account with 250$.

    I'm not profitable yet. Current status of my actual account is -4percent but I'm certain that I understand enough not to dismiss my account on few dumb trades.

    Anyhow

    I have been intraday trading WTI crude oil each of the time. Now I think its time to trade something different except oil but I dont understand what

    first I believed gold. But its overly costly and rather volatile for my 250$ account with 1:50 levrage along with the spread is large

    Currency Market I think has too many news to watch or I'm wrong?

    Natural silver?

    What's your opinion?

    Main reason I search for next pair is to couple of commerce opportunities on daily base using my camarilla system. Especially that im going to lose my job soon and im will have tons of time.

  9. #39
    Senior Member M-apk's Avatar
    187
    hello everybody. I have a dilemma. Following 4 months of continuous trading within my demo account, last month I started actual account with 250$. I'm not profitable yet. Current status of my actual account is -4percent but I'm certain that I know enough to not dismiss my account on few stupid trades. Anyway I've been intraday trading WTI crude oil each the time. Now I believe its time to trade something else except oil but I dont know what first I thought gold. But its overly expensive and rather volatile for my 250$ account with 1:50 levrage and the spread is big Currency Market I think...
    Anything you select, my recommendation would be to trade it on a demonion again for a little while before moving back on the account. Every instrument is a little different, trading Gold isn't exactly like trading Oil, which isn't exactly like trading Silver, etc..

  10. #40
    I think my final decision will be EURUSD. After some analysis I found out that silver and natural gas are also expensive to exchange. So I think I will start demo trading EURUSD with 0.01 lots.

    Thank you for reply

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