best pair for scalping

Discussion in 'Forex' started by AndrewMcCalam, Apr 7, 2022.

  1. kroxobor


    yes we have to limit our loss per trade as much as it's possible maintaining target risk-reward ratio, although too much losses becomes disturbing as you start to doubt that you trading system does have an edge
    #81     May 17, 2022
  2. Most major currency pairs are suitable for scalping, but EURUSD is most traders' choice of currency pair because of its volatility and tight spreads.
    #82     May 17, 2022
  3. bublu


    The EurUsd comes with good liquidity and low spread so we can make good earning out of it provided we know how to trade or scalp.
    #83     May 17, 2022
  4. EURUSD is the most traded pair for scalping, however trading on this pair doesn't mean will always make a profit, high volatility without good patience waiting for best momentum may lead to failure.
    #84     May 17, 2022
  5. S.Luke


    In my experience, the best pairs for scalping are major pairs such as GBPUSD or EURUSD, the spreads are also tighter in EURUSD, which is an advantage for scalping traders.
    #85     May 18, 2022
  6. this pair are comfortable due their lowest trading spreads. no doubt.
    #86     May 20, 2022
  7. bublu


    I guess all of the major pairs come with competitive spreads as compared to the exotic ones.
    #87     May 26, 2022
  8. Traders should consider major pairs for scalping because they are not complex. Pairs such as EUR/USD, GBP/USD and AUD/USD are good pairs to scalp.
    #88     May 27, 2022
  9. Mustache


    True! Scalping is a double-edged sword. You can both win and lose a high amount of money in a short-period of time. You should have a strong trading psychology, discipline, and quick exit strategy to become a profitable scalper.
    #89     May 31, 2022
  10. major pairs like EUR/USD probably best for scalping as you can make good use of economic events like NFP and you don't have to worry about liquidity
    #90     Jun 1, 2022