Currency pair recommendations

El Trado said:
Start with CFDs. Then you can trade $100 instead
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CFDs are an option, only if you are non-US.

I believe that if you are an offshore entity, you also have to register in the UK (and pay a yearly fee). But not sure about that...
 
Evrardmakon said:
It's always good if they are registered but I doubt if that's a compulsion.
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I don't know if I explained myself well. I use an offshore corporation, and was interested in trading CFDs, a couple of years ago. But in order to trade CFDs through an entity, I had to register with:
https://www.lei-identifier.com/what-is-an-lei-number/

I hate extra paperwork, so I decided to stay with futures, and avoid the above. I am happy with IB. Keeping it simple.

If I were you, as a non-US citizen, I would open an individual account at OANDA, which trades CFDs, and many other things. One of my best friends (went to university together) is their legal counsel, and they are a very solid company. This would be simple, and very cost-effective...
 
ChipShotTrader said:
I don't know if I explained myself well. I use an offshore corporation, and was interested in trading CFDs, a couple of years ago. But in order to trade CFDs through an entity, I had to register with:
https://www.lei-identifier.com/what-is-an-lei-number/

I hate extra paperwork, so I decided to stay with futures, and avoid the above. I am happy with IB. Keeping it simple.

If I were you, as a non-US citizen, I would open an individual account at OANDA, which trades CFDs, and many other things. One of my best friends (went to university together) is their legal counsel, and they are a very solid company. This would be simple, and very cost-effective...
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Yes I have read about Oanda being good with its pricing and the overall reputation seems solid.
 
Evrardmakon said:
What are your recommendations on currency pairs in the present time?
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The easy answer is to try and trade what's moving or trade the pair that fits your trading system and is giving you a solid signal for entry.
I'd suggest starting out finding FX pairs that have a decent range and a low pip spread this should help get you started. More importantly make sure you understand "WHY" your entering and exiting your trades. Also like previously mentioned my favorites are the GBP pairs
 
322170 said:
The easy answer is to try and trade what's moving or trade the pair that fits your trading system and is giving you a solid signal for entry.
I'd suggest starting out finding FX pairs that have a decent range and a low pip spread this should help get you started. More importantly make sure you understand "WHY" your entering and exiting your trades. Also like previously mentioned my favorites are the GBP pairs
More...

Checked across various platforms , lowest pips are on EUR/USD and GBP/USD, also if I'm not wrong they are easier to analyse as they are positively correlated, am I right?
 
The definition of ‘major currency pairs will differ among traders, but most will include the four most popular pairs to trade - EUR/USD, USD/JPY, GBP/USD and USD/CHF. ‘Commodity currencies’ and ‘cross pairs’ are also categorized as majors. The most traded currency pairs are listed below. They represent some of the world’s largest economies and are traded in high volumes. Higher volumes tend to lead to smaller spreads.
EUR/USD – Euro Dollar
USD/JPY – Dollar Yen
GBP/USD – Pound Dollar
USD/CHF – Dollar Swiss Franc
 
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