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. only EUR/USD is more appropriate for using scalping in a proper way.
     
    #261     Jun 17, 2022
  2. Monitory

    Monitory

    Exotic currency pairs! Never. I have never traded minor currency pairs, I find them risky. Can’t think of exotics.
     
    #262     Jun 20, 2022
  3. Scepsis

    Scepsis

    Scalping exotic currency pairs will not bring as much profit as they offer widest spreads. And for scalping profitable currency pairs should have tightest spreads.
     
    #263     Jun 21, 2022
  4. I would say it is better to avoid them because exotic pairs are unpredictable and if you are trying to scalp with them, it is a bad strategy since their spreads are the widest.
     
    #264     Jun 21, 2022
  5. Trading exotic pairs would require traders to trade with large amounts of money so as to compensate for the wide spreads.
     
    #265     Jun 22, 2022
  6. Adler

    Adler

    Exotic currency pair spreads are wider when compared to other currency pairs and they can be extremely volatile also unpredictable since most traders avoid them due to low liquidity in the market.
     
    #266     Jun 27, 2022
  7. due to widen trading spreads traders always try to avoid this currency pair.
     
    #267     Jun 27, 2022
  8. Merevez

    Merevez

    Exotic currency pairs are highly volatile and offer very little liquidity making them very difficult to anticipate their movement. Due to the very little liquidity these pairs offer widest spreads that reduces the profitability of the trade.
     
    #268     Jun 28, 2022
  9. yes and these pairs are inappropriate to trade for that reason.
     
    #269     Jun 28, 2022
  10. there is anyone who trade Rubble at this moment ?
     
    #270     Jun 28, 2022