If you have experience and wanna go for something riskier, then exotic pairs are worth having a look over. The higher volatility and higher swing open up to more opportunities as the stable the pairs, the fewer opportunities you gonna have to make the trade.
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Currency pair recommendations
- Thread starter Evrardmakon
- Start date
I trade GBP/JPY which is a minor currency pair. Pound being high yielding currency and Japanese yen being low yielding currency which offers high profitability.
high spreads i always avoid , because i am scalper and i always like to trade with low currency pair which is really comfortable.
Trading with exotic pairs can be beneficial. You can also use a high leverage to bag handsome profits. However, it is not for the faint heart. It comes with much greater risk.If you have experience and wanna go for something riskier, then exotic pairs are worth having a look over. The higher volatility and higher swing open up to more opportunities as the stable the pairs, the fewer opportunities you gonna have to make the trade.
I also avoid trading currency pairs with wide spreads, especially exotic currency pairs.high spreads i always avoid , because i am scalper and i always like to trade with low currency pair which is really comfortable.
And moreover trading exotic currency pairs require large capital deposits to compensate with the wider spreads.Trading with exotic pairs can be beneficial. You can also use a high leverage to bag handsome profits. However, it is not for the faint heart. It comes with much greater risk.
yeah, exotic pairs are definitely not something new traders can handle due to higher volatility and lower liquidity. New traders should just stick to major pairs like EUR/USD or USD/JPY as they are easier to learn and trade.never trade with exotic pairs if you are a complete newcomer in trading .
Well, if you have a good trading skill then you don’t need to use tons of trading pairs! Personally, I don’t like to use so many trading pairs on my trading chart! I use only the Major 6 pairs! Exotic trading pairs are not my recommendations!What are your recommendations on currency pairs in the present time? The ones I shortlisted - USD, EUR, JPY, AUD, CHF Heard CHF is under strict regulations by Swiss authorities. I feel more confident with my capital with low spreads and low commissions. What do you think about the effect on the above selected currencies seeing the current situation?