Which currency pair for Forex trading?

[overcast]

There are many pairs that people use for the trading. And when you want to trade a particular pair, you don't know which one would work out for you. I know many people who have managed to use the different currency pair for the trading. But when it comes to the profit it is hard to say what may or may not work out.

Do you have any specific pair that you can think of for forex trading?

 

[George10640]

I don't have any specific pair as i am swing trader..With swing trading you have slow market hence you need more pairs to get an opportunity.For day traders it is good to have small number like major 7 pairs that have volatility.

 

[Vladv26]

That's why forex trading is for experienced people, because you can't just trade whatever pair you want and make profit. You have to choose the one that you have knowledge in, and invest based on multiple factors

 

[gammarays]

There are many currency pairs available in the crypto exchange market with a BTC base as the most popular.
I prefer trading against the stable coin usdt. So I trade Bitcoin, Bitcoin cash,ripple or tron against usdt.

 

[Nurudeen]

I really wish to learn how to trade forex in this coming days. I see it as one of the best ways to make money online aside crypto trading and the stock market

 

[WhiteHouse]

I don't have any specific currency pairs.
Just trade as I deem fit.

 

[Peterlight]

Am not an expert on this but I know you can have multiple pair

I don't have any specific pair as i am swing trader..With swing trading you have slow market hence you need more pairs to get an opportunity.For day traders it is good to have small number like major 7 pairs that have volatility.

 

[Towsyn]

You should go for the commonly traded pairs like eur/usd usd/jpy it's advisable to limit your circle of currency pairs as a beginner

 

[George10640]

Am not an expert on this but I know you can have multiple pair

Yes you can have multiple but capital you trading with may not allow you have more pairs.It is all about risk management.

 

[Sanusi]

In my own point of view, there is no particular currency pair that is suitable for trading, all currency pair are good enough for trading, is just that before you can be able to trade on a particular currency pair you really need to check currency strenght metre, for example if you want to check EURO/USD on currency strength meter, if euro is stronger than USD meaning you have to trade euro against USD.

 

[Alexandoy]

A veteran in forex trading told me that finding a pair is not easy. The rule is one currency should be steady in value and the other should be fluctuating. The fluctuating value would be the currency that can give you a good profit. It makes sense to me. That means a forex trader should be familiar with all the available currency in the market. My idea is to pair our currency with the US dollar. But right now the exchange rate is pretty stable for weeks now so that means it is not a good pair for trading.

 

[Oloritoks]

The best way is to check the strength of what is being traded at that particular point in time because most those currency are not that consistent when it come to trading at that moment, it is better you study the market before cashing in.

 

[Donkiz]

A good forex trader will know the right sessions that have the had volatility, because that the session that gives the highest income if your trade is successful. I have heard some good forex traders say that the most profitable session is when the London and the New York sessions collide and you trade with the two zones currency.

 

[Suba]

To choose pairs in forek trading cannot be done randomly, we must know the classification of currency pairs. If you intend to trade foreks I think you'd better choose the major currency pairs. Besides high liquidity, we will also find it easier to follow fundamental news compared to other types of currency pairs.

 

[Damscooguns73]

Concerning the currency pair for forex trading. Well, I believe that is why knowledge must be acquired either by reading, studying or receiving lectures from expert who are experienced In it that is when you can determine which kind of trade will be more profitable and one which will not.

 

[Trexxxy]

When it comes to forex trading there are no standard currency pair, however you must be well experience to know which one is the best and the right moment to trade. My advise will be to get as much knowledge as you can.

 

[Kamon c4]

It’s not easy to find the right currency pair. Most people stick to eur/USD and pounds/USD cause they’re popular and have high volatility giving them the opportunity to make profit in a very period of time. Though other currency pairs are volatile too but those two have the most picks

 

[Khezo]

I don't have a specific currency pair I trade as a trader. I make sure I check all the currency pairs mostly the 5 big pairs talking about the CHF,EUR,USD,JPY ,CAD then see if I would see a good entry point

Post automatically merged: Jan 21, 2021

I don't have a specific currency pair I trade as a trader. I make sure I check all the currency pairs mostly the 5 big pairs talking about the CHF,EUR,USD,JPY ,CAD then see if I would see a good entry point

 

[Chris]

Currency pair is a price quote of the exchange rate for two different currencies traded in FX markets.
I mostly trade with EUR/USD, USD/JPY. They're other popular ones like GBP/USD which has gain popularity in terms of profitable pips and large jumps in the market.

 

[Lagazine]

There are many pairs that people use for the trading. And when you want to trade a particular pair, you don't know which one would work out for you. I know many people who have managed to use the different currency pair for the trading. But when it comes to the profit it is hard to say what may or may not work out.

Do you have any specific pair that you can think of for forex trading?

The best pair of currency for forex trading depends on the country you want to trade from and the two currency that is easily accessible from your country. I will suggest you trade with dollars-pounds or USD/BTC as the increment in Bitcoin again dollars is unbearable these days.