Is it better to avoid Exotic currency pairs? Why?

[JimmyChoo]

yes its a good source but the result we get from demo account actually not works when trading in a real account.

 

[AndrewMcCalam]

how long have you used demo account when was a new in Forex trading ?

 

[Paulsy]

I understand that trading exotic currency pairs offer a riskier approach to profit in the forex market as they are less liquid and highly volatile. However, trading exotic pairs can be highly profitable if you understand how to deal with a volatile market. The most volatile currency pairs offer enticing prospects for profit because their price movements can be more dramatic than less volatile pairs.

 

[Tumescent]

They have low liquidity and high volatility. Other than that, they have high spreads. Some traders do trade with exotic pairs and trade them with high leverage to benefit from the volatility but it can backfire.

 

[Abbas Ali Khan]

that's right , i have seen this issue for so many times.

 

[JimmyChoo]

I understand that trading exotic currency pairs offer a riskier approach to profit in the forex market as they are less liquid and highly volatile. However, trading exotic pairs can be highly profitable if you understand how to deal with a volatile market. The most volatile currency pairs offer enticing prospects for profit because their price movements can be more dramatic than less volatile pairs.

using exotic pair is not good always , sometimes we can trade for experience but not for all time

 

[Normalcy]

Exotic pairs have high volatility. This may lead you into false breakouts or whipsaws that are very costly to trading accounts. Beginners should focus on trading major pairs to hone their skills. Once they are profitable in this field, they move up to exotics.

 

[Dr_Trade]

This may lead you into false breakouts or whipsaws that are very costly to trading accounts.

True! That's why exotics are not advisable.

 

[Muffuletta]

They have low liquidity and can be extremely volatile to trade.

 

[JimmyChoo]

yes agree exotic pairs have high volatile so not appropriate for beginners level.