What currency pairs would you suggest to start with as a beginner? Would you suggest to stick with the same pairs? Thanks a lot.
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What currency pairs would you suggest to start with as a beginner? Would you suggest to stick with the same pairs? Thanks a lot.
I think as a beginner its good to start with low movement currency pairs and for this EUR/USD is the best but at the same time have to ability to manage money mangement also . anyway if anyone continue with few pairs only for long time then its better for him and i also doing this from many days.
I feel that newbies should start trading with basic currency pairs like EURUSD,GBPUSD.
these 2pairs are really good and particularly EURUSD will have less spreads with some brokers and it is also less volatile.
its like asking from which dish i should start eating. lol
if you ask a japanese he will advice you EUR-JPY, USD-JPY, a briton will say GBP-USD a canadian USD-CAD
So its upto you. GBP-USD & EUR-USD are d most traded currency pairs so most people advice to start trading these pairs. but no hard & fast rule is there
I personally recommend for a newbie to trading on the USD / CHF pair because the movement is quite smooth unlike the pair GBP / USD that sometimes its movement back and forth in a fairly large range