Best currency pair to trade with

Mark Olusope Olowookere
217
Mark Olusope Olowookere  
Hey everyone,

Which is the most profitable currency pair to trade with between EUR/USD, USD/JPY, GBP/USD and USDCHF.

Marco vd Heijden
Moderator
13608
Marco vd Heijden  
GBPUSD
Mark Olusope Olowookere
217
Mark Olusope Olowookere  
Marco vd Heijden:
GBPUSD
Why GBP/USD?
Marco vd Heijden
Moderator
13608
Marco vd Heijden  
Mark Olusope Olowookere:
Why GBP/USD?

See the chart.

Mark Olusope Olowookere
217
Mark Olusope Olowookere  
Marco vd Heijden:

See the chart.

Wow. These is today's chart. A sell order placed @ 1.29605 would have made my day.

Thanks marco
Forex Limerence EA
1460
Forex Limerence EA  
Mark Olusope Olowookere:
Hey everyone,

Which is the most profitable currency pair to trade with between EUR/USD, USD/JPY, GBP/USD and USDCHF.

It depends on one person to another and depends on strategy. like for range traders EURCHF is the best

Mark Olusope Olowookere
217
Mark Olusope Olowookere  
Mafuta Landou:

It depends on one person to another and depends on strategy. like for range traders EURCHF is the best

So what type of trader is for GBP/USD or EUR/USD pair?
Forex Limerence EA
1460
Forex Limerence EA  
Mark Olusope Olowookere:
So what type of trader is for GBP/USD or EUR/USD pair?

Trend traders

Fabio Cavalloni
12449
Fabio Cavalloni  

It depends of strategy and also of historical period, for example trend traders this year made a lot of losses on EURUSD.

There are not best and worst currency pairs to trade with, but only good and bad strategies and good and bad period to use them.

Juvenille Emperor Limited
Moderator
16586
Eleni Anna Branou  
Fabio Cavalloni:

It depends of strategy and also of historical period, for example trend traders this year made a lot of losses on EURUSD.

There are not best and worst currency pairs to trade with, but only good and bad strategies and good and bad period to use them.

Exactly, well said.

Marco vd Heijden
Moderator
13608
Marco vd Heijden  
Fabio Cavalloni:

It depends of strategy and also of historical period, for example trend traders this year made a lot of losses on EURUSD.

There are not best and worst currency pairs to trade with, but only good and bad strategies and good and bad period to use them.

I think, or i want to add to this that 'good' trend traders wouldn't have traded EURUSD because it did not meet the strategy criteria to place any trades, or there were better instruments to trade, maybe even many more.

It could even be the case that EURUSD is currently actually one of the worst instruments to trade, despite it's popularity.

So to say that trend trades made big losses on EURUSD is debatable because that only goes for the trend traders that actually traded the instrument.

There could be many, but certainly not all.