Which currency are you trading? - EUR/USD/AUD/JPY?

Vettel5 said:
I mostly trade with GBPUSD, but due to economy not being consistent and unpredicatable would anyone suggest another currency pair that is most likely to be profitable?
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Are we sailing the same boat then :) perhaps it’s time to take our eyes to the Asian markets now.
 
Richerichaderson said:
Have you been day trading all these pairs? I was actually more interested in 30 minute charts as for anything longer I am not really in a position to commit. I have very limited time to trade because of work commitments.
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You will actually need more concentration in smaller charts. I suggest traders with time issues go for longer trades, then smaller fluctuations won’t be something you’ll have to bother about.
 
Like I said before, it is all about market analysis people. Only thing I would suggest is to not make a mistake of paying a lot for every transaction. Some low commission brokers in my knowledge are etoro, exness, alpari, fxview, xtb,go markets.
 
shriekpurser said:
I generally keep my trades open a couple of hours only but once in a while in the past have tried to make some profits off the gap b/w opening/closing of London exchange. I have sometimes seen high volume with a breakaway gap and tried going long for a gap up but never achieved what I wanted. I just dropped the idea of gap trading after a while.
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My observation is that gaps don’t always get filled in forex, I would say gap trading is more suitable for stocks.
 
Trading in ETFs is also a good idea at this time, the ones in US stock exchange. Like SwisFrank trust is a good one to invest in. Spreads are normally tight on FXF.
 
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