Is it better to avoid Exotic currency pairs? Why?

[mlawson71]

If the moves were random technical analysis would not be a thing, I think.

 

[DepthTrade]

If the moves were random technical analysis would not be a thing, I think.

It's not a thing. Show me otherwise.

 

[DepthTrade]

It's a thing for brokers they love it, also profitable traders, they love the free money.

 

[DepthTrade]

Let me clarify, technical analysis probably would work except the majority of traders have know idea what or why they are entering or exiting, hence the charts/ price is all over the place. The market is very efficient at processing this.
Edit: it's not literally random, it's just efficently processing the chaos.

 

[yana hansen]

I mean the charts have many gaps and they might not follow a clear pattern which may look strange to a new person.

Really I did not realize that their charts have gaps. Cane you give a good example, where you noticed gaps in the charts?

 

[Joeyadi]

Exotic currencies are less popular than conventional currencies, and therefore, in order to work with them, you must really have some experience.

 

[mlawson71]

It's not a thing. Show me otherwise.

Don't many traders use it and use it successfully? Right on this forum too?

 

[DepthTrade]

Don't many traders use it and use it successfully? Right on this forum too?

Hello mlawson71.
Forex being unbiased, non directional and the ultimate test, you will not find it here. It has many flaws, the main being one is always entering a different trade using those tools. To have a baseline to measure statistics and probabilities from you need a stagnant point to start from.
edit; different time, weights, volumes, pressures, it's like constantly comparing apples to oranges.

 

[tedmos38]

Really I did not realize that their charts have gaps. Cane you give a good example, where you noticed gaps in the charts?

DM me

 

[Axesinger]

The specifics of working with exotic couples does exist, but this is a very interesting job.