I trade using EURUSD than other brokers because EURUSD is highly volatile these days, and my broker FP Markets spreads in eurusd seems to be much tighter than usual.
Currently, I am trading with EUR/USD, GBP/USD, USD/CAD, USD/JPY, EUR/GBP, GBP/JPY, AUD/USD, NZD/USD and NZD/USD! On the other hand and also testing the GBP/AUD trading pair with my demo account.
I trade mainly using major currency pairs, and EURUSD is one of the most frequent pair I used to trade using my broker FP Markets because its spreads average lower when trading with EURUSD.
Like many traders, EURUSD is my currency pair because the direction is quite good. It is highly volatile, which is suitable for my broker FP Markets since its spread is stable even at high volatile market movements.
GBP pairs were a bit unpredictable because of the brexit news, its pretty much calm now if you looking for some clean PA and less volatility you can consider AUD pairs (mostly AUDUSD) Gives clean and descent price action i personally only trade EURUSD mastering one pair, one style and a narrowed down time frame has been much effective and removes out all FOMO in trading for me.
Currently I am taking a break as I have lost a lot in my previous trades and I am just working on identifying what went wrong.
@Esha.J Oh that is sad to know. Although it is very wise that you have taken a break and re-analysing your trades, I believe it is the best way to prevent the same mistakes in the future trades and reduce the risk of losing more money. I hope everything works out well for you and see you soon on the trading field again. Good luck.
Yes, I am seeing lots of webinars and videos to learn about the Forex Market, and later I would like to invest small chunks of real money in te Forex Trading.