Is it better to avoid Exotic currency pairs? Why?

[PeterNguyen]

beginner should just trade major pairs so they don't have to worry about liquidity and it's less riskier than exotic pairs for sure.

 

[Baistrow Foster]

Trading exotic pairs carry a high level of risk because these pairs are highly unpredictable and have high spreads. Beginners should avoid them and stick to major pairs only.

 

[Humiliate]

Yes, it is better to avoid exotic currency pairs. They are very difficult to manage due to their high volatility and very little profits can be made from them due to their wider spreads.

 

[Scholias Hod]

Not only beginners but most of the traders avoid trading exotic pairs due to their high volatility, little liquidity and wider spreads. If a trader wants to trade exotic he might need to open a larger position so as to compensate for the wide spreads which is still risky.

 

[AndrewMcCalam]

traders should avoid exotic trading pairs . because this trading pair has high trading spreads.

 

[Frieda Case]

Better trade major currency pairs or minor currency pairs. Exotic currency pairs have wide spreads as they have very little liquidity and traders do not get best prices.

 

[PeterNguyen]

Exotic currency pairs might be a good opportunity to make good profit if traders are experienced and know how to handle their trade.

 

[Zafar Al Asad]

i never support on any exotic currency pair , its really volatile to predict something.

 

[FahadMd]

traders should use all major pairs which has narrowest trading spreads which is comfortable to predict the real faction of this market with certainly.

 

[einnar_345]

In a market where there are high volatility and prices change drastically, exotic pairs bring in higher risk which most people avoid, this could be the reason