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my favorite pair is AUDUSD because it has low spread and i can trade on its news as it is released during the Asian session with low volatility so it is easy to earn some pips from it and close the position in short time, also i like EURJPY due to its volatility and low spread
I agree with your point, that's correct. There are foreign exchange traders that do not have favorite pair, they can trade foreign exchange with any of the pairs because they really understand how to trade with them successfully. For me, my favorite pair is the GBP/JPY. That's the pair i trade with always.Quote:
Originally Posted by oreoluwa
For me my favourites pairs mostly any the forex trading pairs that has low spreads and the highest volatility. So they basically included the GBP/USD,the EUR/USD,the EUR/JPY,the USD/CAD, etc. I mostly trade forex markets with majored really !!!
I think my favorite pair EUR/USD , GBP/ USD , AUD/ USD pair. I am always try to trade EUR/USD , GBP/ USD , AUD/ USD pair because EUR/USD , GBP/ USD , AUD/ USD pair movement so first. For this reason EUR/USD , GBP/ USD , AUD/ USD pair so popular pair and i like EUR/USD , GBP/ USD , AUD/ USD pair so much.
i think that a trader must be flexible and trade in a pair whichever he finds more pro fitting you for a long time confined myself in euro and usd trading only and it lead your to frustration and also gave me some losses.
Yes, it's better to use major pairs first than any other pairs because it's lower risk to use major pairs. I said lower risk because the spreads are low so it's easier to reach profit condition, then there are many people who can be asked about strategy and there are many indicators which support for those pairs.Quote:
Originally Posted by goodprofit85
My favorite pair is EUR/JPY.I like this so much cause of his high movement.Its the high volatile pair rather than any other pair.Its move over 150 pips a day.I observe this pair since 2009 and I only trade on this pair.
I think cress currency pair move very slowly and trend very well and other move very quickly and extremely volatile . so this is depend on your thinking. so trade safely .
My favorite pair is euro/usd. I think it is the best currency in the forex market.Last week i get 5.63$ profit from this currency.So it is favorite currency in forex market.
My favorite is XAUUSD... the reason is because gold tends to rise every year... so no need to fear loss....