Best currency pair to trade during the day

Discussion in 'Forex' started by nwoptions, Dec 16, 2020.

  1. most of the time i use scalping by EUR/USD , GBP/USD , i think this is more appropriate for this short time trading approach.
     
    #141     Feb 9, 2023
  2. Trading of currency pairs depends on several factors, such as market volatility, liquidity, and the trader's personal strategy. But I usually go for EUR/USD.
     
    #142     Feb 9, 2023
  3. shine

    shine

    I also like to trade EUR/USD and GBP/USD. These pairs have enough volatility during the day and also low spreads.
     
    #143     Sep 23, 2024
  4. Real Money

    Real Money

    I would be sure to watch GBP/EUR and USD/JPY as well as USDX, and maybe some Asian exotics.

    Make sure you keep up on rates if you are in these markets, and make sure you always know where VWAP is.
     
    #144     Sep 23, 2024
  5. shine

    shine

    Trading pairs with moderate volatility allows you to set small stop losses, and also reduces the risk of sharp and unexpected changes. At the same time, the trader is calmer and has less emotions when trading.
     
    #145     Dec 12, 2024
  6. Waylen

    Waylen

    Focus on pairs like USD/CAD, USD/JPY, and AUD/USD during the U.S. and Asian sessions (8am-4pm EST). These pairs often have steady volume and volatility during regular daytime trading hours.
     
    #146     Dec 14, 2024