The EUR and the USD represent two of the major economies globally, and as such, this is considered to be the most often traded currency pairs
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I'm a beginner in trading who will be live trading soon and looking for a suitable currency pair to trade. Any recommendations on the right pair that would be easy for a beginner trader?
Generally, traders would be choosing to trade the EUR/USD or USD/JPY because there is so much information as well as resources that are available about the underlying economies. Not surprisingly, these two pairs would be making up much of the daily volume globally.
I generally stick to EUR/USD as they tend to be a good currency pair. Fluctuations tend to be considerable.
traders choose their currency according to their knowledge and experience , should choose the pair which is more appropriate to the concept of trading that will be used.
EUR/USD is considered to be the most traded currency pair on the market, with EUR/USD transactions would be able to make up 24.0% of daily forex trades in 2019, and hence you could also rely in the year 2021 too.
Generally, so many traders the most suggested on EURUSD, because this pair included high average daily movement, has low spread pair suitable for scalping, but for challenging trading pair like GBPJPY. or XAUUSD
All the major pairs can be considered for trading if you are a new trader however its better if we can opt for one or two in start.