Is it better to avoid Exotic currency pairs? Why?

[Flapdoodle]

due to widen trading spreads traders always try to avoid this currency pair.

And due to these wide spreads total overall profits get reduced.

 

[Ahmed Solaiman]

exactly , the issue all about widen spreads

 

[Jungletrader]

Based on the wide spreads alone its a no no for me

 

[Abbas Ali Khan]

during news generally we find spreads more widen , this is really a big problem.

 

[Syndactylic]

during news generally we find spreads more widen , this is really a big problem.

I don’t trade news. I find it very difficult to trade as the uncertainty in the market increases manifold.

 

[Kevin Moore]

Trading forex during any news release is way too difficult and risky due to the increased volatility of the market. I too avoid trading at such times.

 

[S.Luke]

Yes, the main reason why I advise against exotic pairs is because of the widening spreads, especially during news events, and because they are complex with lower liquidity.

 

[jimmysmith]

I avoid them because exotic pairs are unpredictable and if you are trying to scalp with them, it is a bad strategy because of wide spreads.

 

[claytantum]

I avoid exotic pairs as trading is very expensive with these pairs because of wide spreads

 

[Amjad87]

If you are a beginner trader, I suggest avoiding trading with exotic currency pairs because their spreads widen and become risky due to increased volatility.