Yeah best pairs to scalp actually because they have the lowest spreads, sometimes 0 spreads when you trade with ECN brokers like Tickmill, HFM or Exness
When scalping, many traders prefer highly liquid currency pairs like EUR/USD, USD/JPY, and GBP/USD. These pairs typically have tighter spreads and faster price movements, which are ideal for quick trades. Additionally, consider monitoring major news events, as they can create volatility and provide more opportunities for scalping.
When it comes to scalping, many traders favor pairs like AUD/USD, USD/CAD, and NZD/USD due to their responsiveness to market movements. These pairs can offer good volatility and liquidity. Some scalpers also explore cross currency pairs like EUR/GBP for unique opportunities. Always conduct thorough analysis and stay updated on news events. Happy trading!
I prefer to do long term in forex and use currency futures for day trading. Indexes best for scalping
I see many major pairs come up with competitive spread so we can choose the right one according to our regional preference like if you want to scalp during Asian session then you have to pick up AUD, NZD, JPY etc. While in NY session, i think USD spikes the most either way depending on the market sentiments.
When choosing a pair for scalping, you also need to pay attention to volatility. After all, not every trader can successfully trade highly volatile pairs such as gold or cross pairs with the British pound. Therefore, the trader's experience and the quality of his trading strategy are also important here.
When scalping, traders typically use currency pairs with high liquidity and tight spreads. Some of the most popular choices include EUR/USD, which is the most liquid and widely traded, offering tight spreads. GBP/USD is another favorite, known for its volatility, which can create quick price movements. USD/JPY is often used due to its high liquidity and relatively stable price action. AUD/USD is also a popular choice for scalping, favored for its liquidity and volatility. Scalpers generally focus on pairs with low spreads and high liquidity, as these features allow them to enter and exit trades quickly, capturing profits from small price fluctuations.
So true! When I scalp I usually stick to USD/JPY or EUR/USD as their tight spread and liquidity make it easier to grab good profits in a short time.