Is it better to avoid Exotic currency pairs? Why?

[Ahmed Solaiman]

i never trade exotic currency pair, because i found them very volatile most of the time, i think traders should focus only on major.

 

[Kazos]

The market trends are changing rapidly and exotic pairs are very volatile and lack stability so it could be risky to go for minor pair initially.

 

[FahadMd]

i just trade exotic pairs in demo to see the performance how it works.

 

[Svetlana Loboda]

you approach is risk free but very supportive to make sure live trading knowledge and experience , appreciate

 

[LiamMason]

Since exotic pairs are less volatile than major pairs and very few traders use them to place profitable trades, I would stay away from them.

 

[amadosteel]

Since exotic pairs are less volatile than major pairs and very few traders use them to place profitable trades, I would stay away from them.

You mean more volatile, right?

 

[Henry520]

you can trade any exotic pairs in demo to see the performance how it works , this is really a good approach

 

[colinmunroo]

you can trade any exotic pairs in demo to see the performance how it works , this is really a good approach

Yes. But that doesn’t mean it will turn out the same when trading live. I prefer to avoid them.

 

[Vince Dunajski]

I never trade exotic currency pairs since I generally find them to be quite volatile, and I believe traders should only concentrate on the main.

 

[cuellarbenavides]

If you are new to trading, stick with major pairs only. Exotic pairs are quite unstable and have higher spreads, which can be costly for some traders.