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. beginner should just trade major pairs so they don't have to worry about liquidity and it's less riskier than exotic pairs for sure.
     
    #281     Jul 31, 2022
  2. Trading exotic pairs carry a high level of risk because these pairs are highly unpredictable and have high spreads. Beginners should avoid them and stick to major pairs only.
     
    #282     Aug 3, 2022
  3. Yes, it is better to avoid exotic currency pairs. They are very difficult to manage due to their high volatility and very little profits can be made from them due to their wider spreads.
     
    #283     Aug 4, 2022
  4. Not only beginners but most of the traders avoid trading exotic pairs due to their high volatility, little liquidity and wider spreads. If a trader wants to trade exotic he might need to open a larger position so as to compensate for the wide spreads which is still risky.
     
    #284     Aug 4, 2022
  5. traders should avoid exotic trading pairs . because this trading pair has high trading spreads.
     
    #285     Aug 9, 2022
  6. Better trade major currency pairs or minor currency pairs. Exotic currency pairs have wide spreads as they have very little liquidity and traders do not get best prices.
     
    #286     Aug 10, 2022
  7. Exotic currency pairs might be a good opportunity to make good profit if traders are experienced and know how to handle their trade.
     
    #287     Aug 16, 2022
  8. i never support on any exotic currency pair , its really volatile to predict something.
     
    #288     Aug 19, 2022
  9. FahadMd

    FahadMd

    traders should use all major pairs which has narrowest trading spreads which is comfortable to predict the real faction of this market with certainly.
     
    #289     Aug 19, 2022
  10. In a market where there are high volatility and prices change drastically, exotic pairs bring in higher risk which most people avoid, this could be the reason
     
    #290     Aug 20, 2022