Currency pair recommendations

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I enjoy trading in GBPUSD and EURUSD the most.

 

[Evrardmakon]

I don't use any off-chart indicators. I use the sequence and the slopes of the 20 and 50EMA at the latest close to tell me the trend, if any, and to gauge the strengths of trends against each other, and even to tally how many of a currency's 7 pairs currently give it a bullish or bearish bias.

Indicators including MA's are not entry signal generators.

Ah! That makes sense, thanks a lot.!

 

[Evrardmakon]

I swing trade Currencies, as in 2-3 weeks. And it does take me 2-3 weeks to find an entry!!!

I like GBP/AUD, and also GBP/JPY.

AUD/USD, USD/JPY, and EUR/USD are very liquid, and I would start with those...

Would GBPJPY here be a minor currency pair? Does it mean that the leverage and spreads can take a backseat? Perhaps I should just start with EURUSD.

 

[shriekpurser]

Would you please like to say a little about how you have profited from investing in CHF this year?

With USD/CHF resistance zone in between 0.9119 and 0.9142, taking advantage of the counter-trend reversal, which is in the short resistance zone. Looking forward to new breakdowns after Swiss authorities efforts to trade deals with the UK.

 

[tomorton]

With USD/CHF resistance zone in between 0.9119 and 0.9142, taking advantage of the counter-trend reversal, which is in the short resistance zone. Looking forward to new breakdowns after Swiss authorities efforts to trade deals with the UK.

Thank you. Not really what I thought you meant but interesting.

 

[ChipShotTrader]

Would GBPJPY here be a minor currency pair? Does it mean that the leverage and spreads can take a backseat? Perhaps I should just start with EURUSD.

You are correct. EUR/USD is where I would start, but I have been trading professionally, full-time, for 22 years.

GBP/AUD & GBP/JPY (which are not part of the majors) is where I would eventually go, as my skills advanced, and I felt ready for them. Take your time. It's a VERY long journey...

In terms of leverage, let's just say I am well capitalized to withstand the risk. You need to able to stomach the swings, otherwise you are trading in a state of fear.

Start small with EUR/USD, and gradually grow...

 

[Marcos]

I enjoy trading in GBPUSD and EURUSD the most.

they are my favourites too.

 

[Evrardmakon]

You are correct. EUR/USD is where I would start, but I have been trading professionally, full-time, for 22 years.

GBP/AUD & GBP/JPY (which are not part of the majors) is where I would eventually go, as my skills advanced, and I felt ready for them. Take your time. It's a VERY long journey...

In terms of leverage, let's just say I am well capitalized to withstand the risk. You need to able to stomach the swings, otherwise you are trading in a state of fear.

Start small with EUR/USD, and gradually grow...

I think I am gonna use leverage only now when my capital is low, with hopefully more to invest in the future I might not want to risk my money.

 

[ChipShotTrader]

I think I am gonna use leverage only now when my capital is low, with hopefully more to invest in the future I might not want to risk my money.

The advantage of Forex is that you can trade small amounts, as in $10K, instead of the nominal $100K+ in Futures, or have the need of a larger account, when trading equities...

 

[Evrardmakon]

The advantage of Forex is that you can trade small amounts, as in $10K, instead of the nominal $100K+ in Futures, or have the need of a larger account, when trading equities...

Precisely why I chose to dabble in currencies rather than step foot in other markets.