from my first day of trading i have been using EUR/USD due to its comfortable trading spreads, its really amazing
EURUSD among other major currency pairs is volatile but if you ask me that’s the major con for traders. If not aware of the shifts, one could end up losing a potential amount.
EUR/JPY seems to be on an uptrend. You think this rise is going to continue? As of now the 127.48 support seems to be intact.
The bid-ask spreads and competitive forward rates are fairly attractive, but don’t forget you’re competing here against the sophisticated trading algorithms.
Not really bud. The technical analysis these days is easier than before with the graph patterns and customized candlesticks indicators. I’ve actually seen the difference. I’ve recently also started using the Elliott wave analysis. Wrapping my head around it but so far, it’s quite neat.
It’s kind of a guideline that helps identify the trend on the time frame and suggest where you’ll be going wrong.