Now I am demo trading EUR/USD.
I personally think as a novice trader it's smart to trade just one pair, till you've got a sense of the market.
Now I am demo trading EUR/USD.
I personally think as a novice trader it's smart to trade just one pair, till you've got a sense of the market.
In addition, I think that different people have different trading requirements, so the question which are the top pairs to exchange tends to have another answers for any single person. An individual ought to determine what's best for them and proceed with it.
Agree,
I work on EUR/USD, USD/JPY USD/RUB and SHComp index. Even though it's difficult to forecast them as too many factors influence them. However, I try to make pips on a important government decision like recent Yellen comments that sent greenback down, etc..
There are no best pairs to trade, there's trader or trader kind of difficulty, my pairs are EUR/USD, GBP/AUD, GBP/CAD
I like three majors:
EUR/USD
GBP/USD
AUD/USD
Bascally there is always some action everyday in 1/2 of those.
I discovered that JPY pairs are usually more volatile, but in precisely the same time you need additional pips for SL etc..
Winners (good candlestick signals, lots of motion, fairly price behavior)
EURAUD
EURNZD
GBPAUD
GBPNZD
Almost there (lacking at least one of the winner's perks... largely the fairly price behavior)
EURCAD
GBPCAD
GBPCHF
GBPJPY
EURJPY
Just decent (good candlestick signals but slow and can get ugly sometimes)
AUDUSD
NZDUSD
Warning: Some of these pairs have wide spreads. Always adjust your lots to lessen risk.
Generally , some pairs could be better than others. For example, EUR/USD is really volatile and likely to random spikes, at least in my experience. USD/CAD, on the other hand, moves pretty smoothly. Nevertheless, in addition, it depends upon your egy and everything that egy requires to be successful.
#8203;You can trade everything and anything. From bullshit into dogshit. Beware the Correlation.
You can trade all pairs. . .the one thing that you need to avoid is to trade low liquidity pairs.
You may exchange what ever pair you enjoy.
It really does not matter to me as long as they proceed up and down