Is it better to avoid Exotic currency pairs? Why?

Discussion in 'Forex' started by RobRoss, Feb 22, 2017.

Do you trade Exotic Currency Pairs?

  1. Yes

    37.0%
  2. No

    63.0%
Multiple votes are allowed.
  1. mlawson71

    mlawson71

    If the moves were random technical analysis would not be a thing, I think.
     
    #131     Jun 7, 2021
  2. DepthTrade

    DepthTrade

    It's not a thing. Show me otherwise.
     
    #132     Jun 7, 2021
  3. DepthTrade

    DepthTrade

    It's a thing for brokers they love it, also profitable traders, they love the free money.
     
    #133     Jun 7, 2021
  4. DepthTrade

    DepthTrade

    Let me clarify, technical analysis probably would work except the majority of traders have know idea what or why they are entering or exiting, hence the charts/ price is all over the place. The market is very efficient at processing this.
    Edit: it's not literally random, it's just efficently processing the chaos.
     
    #134     Jun 7, 2021
  5. Really I did not realize that their charts have gaps. Cane you give a good example, where you noticed gaps in the charts?
     
    #135     Jun 8, 2021
  6. Joeyadi

    Joeyadi

    Exotic currencies are less popular than conventional currencies, and therefore, in order to work with them, you must really have some experience.
     
    #136     Jun 9, 2021
  7. mlawson71

    mlawson71

    Don't many traders use it and use it successfully? Right on this forum too?
     
    #137     Jun 9, 2021
  8. DepthTrade

    DepthTrade

    Hello mlawson71.
    Forex being unbiased, non directional and the ultimate test, you will not find it here. It has many flaws, the main being one is always entering a different trade using those tools. To have a baseline to measure statistics and probabilities from you need a stagnant point to start from.
    edit; different time, weights, volumes, pressures, it's like constantly comparing apples to oranges.
     
    Last edited: Jun 9, 2021
    #138     Jun 9, 2021
    mlawson71 likes this.
  9. tedmos38

    tedmos38

    DM me
     
    #139     Jun 11, 2021
  10. The specifics of working with exotic couples does exist, but this is a very interesting job.
     
    #140     Jun 13, 2021