Is it better to avoid Exotic currency pairs? Why?

In my opinion exotic currency pairs have lower trading volumes and less market liquidity compared to major currency pairs, making it more difficult to enter and exit positions quickly and at favorable prices. So, they should be avoided.

 

So, in what pairs do you trade, buddy?

 

Yes, I agree.

 

TBH, it can be better to avoid exotic currency pairs because they are less liquid and have wider bid-ask spreads, which can make trading more expensive and increase the risk of slippage.

 

Is there any way to reduce slippage while copying trades?

 

I usually trade in EUR/USD and USD/JPY currency pairs.

 

right now i am trading most of the time gold pair . sounds really good but this is little bit risky.

 

Exotic currency pairings, in my opinion, have lower trading volumes and market liquidity than major currency pairs, making it more difficult to initiate and exit positions quickly and at favourable prices. As a result, they should be avoided.

 

Risks are associated everywhere in trading industry either trading forex pairs, commodities, stocks or indices etc.

 

risk is everywhere in this trading place. and after good RM sometimes the result of trading can be useless. this is a common game in this trading place.