Is it better to avoid Exotic currency pairs? Why?

[Zafar Al Asad]

but without building a powerful Risk management there is no way to survive successfully.

 

[NeilKruger]

i always perform very good in demo by exotic pairs , this experience is really good for me.

 

[Ahmed Solaiman]

using all major pairs from my first day of trading. due to comfortable trading spreads always depending on these.

 

[tomCooper]

this is safe but you have to trade others all pair to increase your trading knowledge and experience.

 

[kroxobor]

Exotic currency pairs are typically less liquid and more volatile than major currency pairs, which can make them riskier to trade. However, for traders who are willing to accept the higher risk, exotic currency pairs can offer the potential for greater returns especially if have access to low-cost broker. Some traders may specialize in trading exotic currency pairs and have developed strategies specifically tailored to these markets.

 

[Gujind]

I remember when I was just starting out I tried many assets and exotic currency pairs were among them. They didn’t suit me. First, they have wider spreads than majors. Secondly, their logic is hard to understand for me.

 

[Henry520]

beginners should avoid to trade all exotic pairs but they can try in a demo account to see the performance how it works.

 

[Fx master]

this is a perfect decision to avoid exotic pairs.

 

[Carews471]

Exotic currencies have bigger spreads and may be manipulated more readily. Coming from sales and trade experience in London, I can confirm that manipulation occurs. To trade exotic pairings successfully, one must be exceptionally well educated.

 

[shine]

When trading such pairs, there is high volatility and large spreads. Therefore, trading them can be more dangerous, unpredictable and expensive.