I am a beginner looking to trade forex. My technique will be to follow long term trends. I would like to trade 3 currency pairs for diversification / risk management. Could someone more experienced please suggest three pairs that: a) are liquid, with small spread b) are poorly correlated with each other c) if such information exists, pairs that more typically follow long term trends (less choppy pairs) Thanks in advance. BTW, if anyone can show me a "correlation matrix" for the various currency pairs, I would especially appreciate it.
Seems it was mentioned here: http://www.elitetrader.com/ch/transcripts/daytrading_forex.cfm http://www.elitetrader.com/ch/transcripts/currency_trading.cfm
Try also this link: http://www.moneytec.com/forums/_showthread/_s-86870c66403b429bf1e3a98d69c72011/_threadid-4630