What is most volatile FX?

Quote from rateesquad:

could you also explain to me why the pip spread is so high becouse i went long on Eur/Aud and the i was down 12 pips why is some pips spread when I buy is 1.5 and some 12
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Liquidity. Eur/AUD is a relatively Illiquid pair.

They say Forex trades $2 trillion US notational value per day.

EUR/USD trades $600 Million US/ day. OR 30% of that. So the spread will be tighter from .5 to 3 pips.

Eur/AUD is perhaps less than 1% of the 2 trillion. So spread could be 5 pips to 15 pips.

What base currency is your account in?
 
ooooooooooo......no i just have a demo account im trying to learn forex trading, thats why I asked, trade equities but now i just want to learn more thank for heads up
 
I suggest creating a spreadsheet where you calculate the 30 day average High to low absolute value per pair. Then divide that value by the spread. Its a rough "bang for you buck (spread)" estimator anyways.

As you are looking to trade Asian hours you may find some opportunities in the yen crosses or the AUD/NZD pairs. Check out news releases here: http://www.forexfactory.com/index.php?page=calendar

See if you can make money playing some JPY news (which would be your best bet in finding good activity during the Asian session).
 
I live in an Asian timezone, usually trade the yen, but avoid the Asian session...gotta have a life. Timeframes - I find that volume charts show up reversal/continuation patterns more accurately than time based charts for short term intraday movements (10 - 30 pips). I also like to look at price in "four x four" i.e. 4 timeframes simultaneously each one four times lengthier than the previous one.
 
got it,l thanks for the post I think im going to o[pen an forex account with my broker so i can trade after US equities are done after 4pm ESt time thanks for the input, please post more
 
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