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. exactly , agree with your message
     
    #291     Sep 5, 2022
  2. Lyla

    Lyla


    Exotic currency pairs should be avoided because they are difficult to manage due to their high volatility, and profits are limited because of their wider spreads.
     
    #292     Sep 6, 2022
  3. exactly , perfectly said
     
    #293     Sep 6, 2022
  4. Agree, even I avoid trading exotic pairs because of the less profits and uncertainty involved.
     
    #294     Sep 7, 2022
  5. it is good to avoid exotic pairs when trading but you can trade exotic pair in demo to see the performance how it works.
     
    #295     Sep 7, 2022
  6. Personally, I avoid trading exotic pairs. I usually trade the major currency pair because it usually gives me good returns. Exotic pairs have low volumes traded daily and are not suitable for scalping.
     
    #296     Sep 8, 2022
  7. everyone should avoid exotic pairs due to high volatile trading spreads.
     
    #297     Sep 8, 2022
  8. Higher volatility, wide spreads, and complexity make it challenging to trade exotic pairs.
     
    #298     Oct 6, 2022
  9. i always like to avoid exotic pairs , because spreads is too high to predict the market with certainly.
     
    #299     Oct 7, 2022
  10. Yes, It is better to avoid exotic pairs if you are a beginner since they are highly volatile and can be difficult to predict.
     
    #300     Oct 7, 2022