I see many votes for EURUSD being the best pair. Is it easier to trade using EURUSD even for beginners entering into live trading for the first time?
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...
That's a good advice.Before introducing a new currency pair into your trading, try it on a demo account.
EUR is the Least favorite, AUD is pretty sweet this year and last imho.My favourite pair is the EURUSD because it is the most volatile pair in the market, and sometimes it can be easily predictable.
Have you had a look at the usd gbp? usd aud?right now i am using USD/CAD , will inform how it is working , by the way i am much confident about that.