Currency pair recommendations

[FahadMd]

the beginner should take the major currency pair , otherwise the result of trading can be useless.

 

[fxforlife]

For beginners, it's always recommended to go for major pairs. Btw watching AUD/USD these days.

 

[Paulsy]

Most of the top currency pair traded is always comes from a country or continent which holds a strong economic status such as the European continent, United States, Japan, United Kingdom, Switzerland, Australia, New Zealand, and Canada.

According to the survey, among the 7 major currency pairs, the highest traded with transaction volume are EURUSD with 39%, USDJPY with 21%, GBPUSD with 15%, and AUDUSD with 10% respectively. Due to its highly traded volume, these currency pairs contribute to volatility in the market that usually gives more opportunity for traders, especially the EURUSD pair. The EURUSD is the most famous currency pair that has the lowest spread compared to any other major currency pair.

 

[robindude]

Traders should trade with pairs which are liquid and not highly volatile. While choosing a pair, traders should look at the availability and accessibility of information available to perform analysis for the preferred pair. I would suggest traders to go with major pairs, such as EUR/USD, GBP/USD, and USD/JPY. Exotic pairs should be avoided because they can be extremely volatile and have high spreads.

 

[heispark]

Buy US$

 

[tomorton]

I will be running my regular long-term trend-following trades this year. I use MA's to confirm trend strengths, length and consistency, and award each chart a point or two for the TA features present which I am looking for.

My top pairs right now would be -
CHF/JPY, 6pts, bullish
GBP/NZD, 6pts, bullish

EUR/CHF, 5pts, bearish
GBP/JPY, 5pts, bullish
NZD/CHF, 5pts, bearish

AUD/JPY, 4pts, bullish
EUR/GBP, 4pts, bearish
NZD/CAD, 4pts, bearish

 

[tomorton]

Buy US$

Why?

 

[radex78]

Traders should trade with pairs which are liquid and not highly volatile. While choosing a pair, traders should look at the availability and accessibility of information available to perform analysis for the preferred pair. I would suggest traders to go with major pairs, such as EUR/USD, GBP/USD, and USD/JPY. Exotic pairs should be avoided because they can be extremely volatile and have high spreads.

Yes I think almost all traders choose major pair to trade, but maybe there is some trader trying to get a new challenge, exotic pair indeed has high-cost trading pair, like the pair EURTRY, this very dangerous, but as high-risk high gain, it is possible to get huge profit too. If compared spread gold or XAUUSD, exotic pair has higher spread. Two times I try exotic pair, first get huge profit when EURTRY rising sharply, but then get a big loss when the pair drops. I trade with FXOpen.

 

[FahadMd]

its a good reply , thanks for your nice post. got some fine lines.

 

[Frompal]

EUR / USD is my favorite pair because it is the most active pair. Fluctuations are always high and there are plenty of business opportunities every day.

Yes It is also my favorite to trade because It give result fast to gain profit