yes this trading pair is really good for all kinds of trader , and also appropriate for the traders who are particularity beginners.
True! Initially I thought it was a stable currency pair and I started off with this pair as I traded I learnt is unstable. And being a beginner I lost a good amount of capital. Now I am trading with GBP/USD.
Traders prefer to trade with major pairs as they are highly liquid and have less spreads.. Example: EUR/USD, USD/JPY, etc.
EUR/USD and GBP/USD. They have tight spreads and are also positively correlated. These currency pairs are also easy to analyse.
Which currency pair is the best for scalping? I have started trading with EUR/CHF. Do you think it is the right choice.