Easiest Currency Pair to Trade - page 6

 

Before going in, you can do all sort of Analysis

Once you are in (got the entry price ) [analysis is not necessary as your eyes will be deviated from it] == the only thing under your control is -->> inclining and declining rate

other platforms also easier to read than MT4 own platform - that one is so hard to understand , so hard to hedge and everything, i.e. better translate between 2 diff platform even if you use MT4 platfrom

illustration e.g. micro lot is 1/10 of the normal lot, so each pip worth less risk

~~~~~~ this is the difference between casino forex and having at established proven a strategy to be applied

what we do, is the VERY EXPENSIVE LESSON to bet for real and understand our own betting behavior -- DO we put it aside while stay IN

so picking pair to trade -- is vital , otherwise, you should pay attention to NEWS

i.e. if you are very smart, you could actually SLOWER down the rate that you are losing, even slower down further, but the drawback is that when the price moving back to your direction, it will also be very slow rate to see your profit growth i.e. inhibitor could be applied as slow-braking

as far as I know , EA can't do something like that -- only manual people could

 

Currency risk

How can the currency risk affect my profit?
 

EUR/USD is the easiest currency pair for me for trading. Because using this currency pair I can easily make analysis. Also in power hours I get good volume and fluctuation.

I also trade with other currency pair correlated with EUR/USD, such as positive correlation GBB/USD and negative correlation USD/CHF . Also use AUD/USD, NZD/USD for news trading.

 
Jefftimothy:
EUR/USD is the easiest currency pair for me for trading. Because using this currency pair I can easily make analysis. Also in power hours I get good volume and fluctuation. I also trade with other currency pair correlated with EUR/USD, such as positive correlation GBB/USD and negative correlation USD/CHF . Also use AUD/USD, NZD/USD for news trading.

I'm currently now trading EUR/USD. I'm a forex noob, so I decided to focus on this currency pair. Any currency paired with USD is good to trade with as they say.

 

In my opinion it's definitely the EUR/USD. The price action is clear, the risk:reward is good, and the spread is low relative to that. It's crucial to think of your trading as a business and keeping costs low is vital. That's why EURUSD is the best fit for me.

 
SamuraiFXTrader:
In my opinion it's definitely the EUR/USD. The price action is clear, the risk:reward is good, and the spread is low relative to that. It's crucial to think of your trading as a business and keeping costs low is vital. That's why EURUSD is the best fit for me.

It fits me too! I can say that it's the best currency pair for newbies. And yes, usually brokers offer lower spread on this pair than the other pairs. It's more liquidated too.

 
Jefftimothy:
EUR/USD is the easiest currency pair for me for trading. Because using this currency pair I can easily make analysis. Also in power hours I get good volume and fluctuation. I also trade with other currency pair correlated with EUR/USD, such as positive correlation GBB/USD and negative correlation USD/CHF . Also use AUD/USD, NZD/USD for news trading.

Yeah, i agree with you.. I also think that EURUSD is easiest pair to trading because i also use it when trading with my fbs account.

 
mang_ncep:
Yeah, i agree with you.. I also think that EURUSD is easiest pair to trading because i also use it when trading with my fbs account.

Yeah, and EURUSD has high volatility.

 

I like EURCHF

 

EURUSD by all means

Reason: