in my view and experience the Euro/USD is the best for new traders.it is good for scalping as well as for long term trading.we can trade it in micro account and it has a very low spread and high movements and highest volume.
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in my view and experience the Euro/USD is the best for new traders.it is good for scalping as well as for long term trading.we can trade it in micro account and it has a very low spread and high movements and highest volume.
i think theres another trade smae like this? but i will advice you that the good pair for newbie is eur/usd as the spread is low...
if you an aggresive trader then trade JPY pair.
i mostly like EUR/USD & GOLD.but we know that choice are different from people to people.if a trader get a lot os sucess in a pair,it will must be favourite to him.i like GOLD cause i get success in this trade.
Those pairs are mostly used by beginner traders in forex because the movement of those pairs are quite good and the spreads is low.
There are some other pairs which has better movement but the spread is higher so it's easier to gain profit with EU and GU which has
low spreads.
My favorite pair is the GBP/USD. IT used to be the EUR/USD but recently the GBP/USD has more market volatility for my trades and even though the spread comes a pip more, I prefer to use it for the benefits that it affords me in trading.
I like the pair that has a correlation, so that I can use it for basketball trade system .. due to trade basketball system I can use the pair correlations for a profit, and when the floating minus, it's not too much, because all pairs nothing is moving along .. so with the appropriate financial arrangements, basketball pair trade system is very profitable for me.
Its a Basket Trade System.. basketball only for fun purpose..
I haven't very tried the usdjpy try however the one issue that baffle me is that this can be not the primary time am seeing somebody creating orientation to the current try as his preferred try. Throughout the start of 2012 I monitor this try and located out it absolutely was simply too unstable that terrified me far from trading it.