Best currency pair to trade during the day

TrAndy2022 said:
It is cable GBPUSD for intraday trading. Because of the average daily move. You only need to look for the average daily move in pips over a certain time period and then compare it to the trading cost you have when entering a position. On EU or fiber there is much less move per day. Do not forget volatility is your friend when you do intraday trading. You cannot profit from a currency where there is not much movement on a given day. So you can also look for high impact news, if you are a news or momentum breakout trader, when you choose a major pair, because of the expected higher move on this day. Of course it is not easy to profit from red news.
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that is really a fine answer. got some fine lines.
 
Time of the day depends on the currency pair. Prefer trading at the times of their high liquidity. I trade EUR/USD when the London session and the New York session overlaps from 8:00 am to 11:00am ET.
 
For me this depends on where you live and your time availability. In the UK we are quite lucky to have the London and NY sessions smack in the middle for us. As such I like to trade EURUSD, GBPUSD mostly. I tend to use EURGBP as a gauge to see which of the two other trading pairs are likely to move better against USD.
 
I prefer trading EUR/USD even though the pair is a major currency pair it has enough volatility and also offers higher liquidity and tighter spreads.
 
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