What is the best currency pair for a rookie trader?

[Potuse]

The currency pair to choose for someone who just started to trade forex or a rookie trader should be well calculated. If not,.you're going to lose a whole lot of money. It has been advocated that the rookie traders should choose EUR/USD currency pair for a start.

 

[Billy]

I guess the best currency pair for a rookie trader depends on various factors, such as liquidity, volatility and correlation. A popular choice for beginners is EUR/USD, which has high liquidity, low volatility and low correlation with other pairs. However, you should also consider your own goals and risk appetite when choosing a currency pair for trading in forex.

 

[Planbizzle]

The most liquid currency pairs on the Forex market, such as USD/JPY, are some potential candidates for the finest currency pair for a beginner trader. Beginner traders are typically advised to start with a simpler strategy and progressively increase it as they acquire knowledge and experience.

 

[Emmy]

EUR/USD is very easier for every trader, including beginners. It trains them how to forecast the movement of euro and us dollar. I believe you can start your business with familiar currency.

 

[Immilash]

Well based on my view, we traders we are looking at good price action to trade, an all those currency pairs like eurusd an the pounds don't have a nice price action that's why I always prefer index futures.

 

[Kennysplash]

It is not compulsory to join any forum, but it is necessary. There are a lot of discussions going on in the forums that can help you make then right decisions while trading.

 

[Immilash]

It is not compulsory to join any forum, but it is necessary. There are a lot of discussions going on in the forums that can help you make then right decisions while trading.

That's just it, of you know what you are doing you can be able to earn money online on your own but only if you have the required knowledge, having the knowledge is very important.

 

[Yohanna]

I have seen so many Forex experts recommend EUR/USD for a newbie in forex trading because it is easy to analyse and you can keep tab of this currency pair easily.

 

[Immilash]

Well a lot of people are getting this wrong, you can be able to trade any currency pairs you like, but you have to put it on mind that most of those forex pairs don't have a nice price action.

 

[eenya00]

The best currency pair for a rookie trader for me is the united States dollars against the Euro, I think the currency pair is quite relatable and most people are aware of the united states dollars

 

[Danny4cash]

I also believe the best currency pair for rockie trader is euro and USD. It will too risky for a rookie trader to be trying other currencies pair other than Euro and dollar. These two are very popular and easy to analyze.

 

[Immilash]

I also believe the best currency pair for rockie trader is euro and USD. It will too risky for a rookie trader to be trying other currencies pair other than Euro and dollar. These two are very popular and easy to analyze.

That's not bad for a start up, if you know what you are doing in these market you are going to earn a considerable amount of money, all you need is just to have the good knowledge.

 

[Yohanna]

I also believe the best currency pair for rockie trader is euro and USD. It will too risky for a rookie trader to be trying other currencies pair other than Euro and dollar. These two are very popular and easy to analyze.

It is the most popular cryptocurrency pair and because it is very easy to predict, that is why it is better used as a currency pair for a rookie forex trader.

 

[Potuse]

It is the most popular cryptocurrency pair and because it is very easy to predict, that is why it is better used as a currency pair for a rookie forex trader.

Following your argument, I concur to your submission because the currency pair is very simple to understand and it is easier to get updated on the news release around this currency.

 

[eenya00]

That's just it, of you know what you are doing you can be able to earn money online on your own but only if you have the required knowledge, having the knowledge is very important.

So many people want to make money online but so not know how to go about making money from the online space and they end up getting themselves burnt on the journey

 

[Immilash]

So many people want to make money online but so not know how to go about making money from the online space and they end up getting themselves burnt on the journey

That's exactly what is happening,a lot of people think this a quick way of earning money, they ended losing a lot of money because they have no idea on what they are doing.

 

[Ononivami]

The best currency pair for a rookie trader is EUR/USD because this currency pair is mostly popular and it is easy to understand and analyse unlike any other currency pairs in the forex market.

 

[Yohanna]

The best currency pair for a rookie trader is EUR/USD because this currency pair is mostly popular and it is easy to understand and analyse unlike any other currency pairs in the forex market.

The professional traders have even advised the rookie Traders to pick this currency pair first before advancing to other currency pairs because it is easier to analyse.

 

[Immilash]

I think this depends on you, for me the pair I use was gold, an since from then I have been trading gold, a lot of people do dislike gold because of it's volume, but for me I really like it,as a matter of fact that's the only currency pair I'm trading.

 

[Potuse]

I think this depends on you, for me the pair I use was gold, an since from then I have been trading gold, a lot of people do dislike gold because of it's volume, but for me I really like it,as a matter of fact that's the only currency pair I'm trading.

Additionally, gold is a very good security to choose while trading Forex . Moreover, you must have enough experience on how to trade before you can make money in gold trading.