Hi guys, a lot of forex strategies I've read about involve trading from 12am EST to 8am EST (Eg the EUR/USD and the GBP/USD). I don't feel like staying up during those hours. I need my sleep. Can you recommend some pairs that trade well during the day? Thanks
USDCHF can be a good option too. Got some good spreads on that pair with fxview. Check out your broker, if it works out.
Thanks for the input. I was told these were the worst pairs to trade because they lack volatility during the day. Do you agree with this?
They certainly do not lack volatility during US hours - that's insane, who told you that? You see USD in the currency pair, yes - when do you think the bulk of US dollars moves?! Sure, fx markets are known for waking up with the initial moves during European hours but the same happens again when there is US news, stock markets moving, etc.
I mostly day trade, so for me its EURUSD and GBPUSD because it exhibits the best ration and it is also one of the most traded currency pair in the world.