Currency pair recommendations

Discussion in 'Forex' started by Evrardmakon, Dec 1, 2020.

  1. yes this pair is more appropriate for traders who are beginners.
     
    #191     Aug 6, 2022
  2. Yeah I agree for GBP/USD & EUR/USD.
     
    #192     Aug 6, 2022
  3. any kind of major pair is safe and sounds than others. but we trader can trade some exotic pair in demo.
     
    #193     Aug 6, 2022
  4. TrAndy2022

    TrAndy2022

    First look on majors, if not sufficient then on minors. Exotics I would avoid because they can have massive jumps so volatility can hurt one on some days/weeks. In case you also look on Exotic pairs you really need to cut down your leverage much. But my experience is that the extra return from exotics is not worth to the extra capital you need to hold your positions for the vola jumps which come with Exotics. This is because of assymetric return/risk, so 100% return is not equivalent to 100% risk, it would be only to 50% risk as an example. Usually in over 99% of cases your strategy does not produce the extra outcome of return to overcome the greater risk when trading Exotics because of the much higher volatility, which can go against you fast and deep. Just look at the crazy moves this year since February on several Exotics. My two cents.
     
    #194     Aug 7, 2022
  5. I would advice to go with the major pairs
     
    #195     Aug 8, 2022
  6. FahadMd

    FahadMd

    from last couple of weeks i am trading with UERUSD and GBPUSD , its really good if you scalp by this major currency pair.
     
    #196     Aug 8, 2022
  7. It’s best to start with major pairs only because they have low volatility. Later, traders can move to pairs with moderate/high volatility.
     
    #197     Aug 9, 2022
  8. EUR/USD, USD/JPY, and GBP/USD are good pairs to start trading with.
     
    #198     Aug 23, 2022
  9. easymon1

    easymon1

    #199     Aug 23, 2022
  10. I totally agree with you that major pairs are not risky. There is uncertainty in exotic pairs. So I prefer major pairs and specifically eur/usd and usd/jpy are my top picks.
     
    #200     Aug 25, 2022
    easymon1 likes this.