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Thread: which currency pairs are the best to trade
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    umar123 is an unknown quantity at this point umar123's Avatar
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    which currency pairs are the best to trade

    According to my knowledge EUR/USD is best for trading in forex market. do you have any idea?
    Last edited by rasheed85; 03-20-2019 at 02:57 PM.

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    The best currency pairs to trade, in my opinion are relative. It depends on each person, and what they like. If I trade more often on the EUR / USD currency pair, GBP / USD.

    Because both of these pairs tend to be folatile and fluctuating.

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    maryam31 is an unknown quantity at this point maryam31's Avatar
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    My dear brother every currency pair has its advantages and disadvantages. I think best currency pair is Gbp/Usd and Usd/Jpy. Because their movements is very stable and good on daily bases. Other hand, Eur/Usd is very Bore pair because its movement is very slow in a week. It usually move only 40,50 pips a day whether as, Gbp/usd mostly move 60,80+ pips a day.
    That's why, I like Gbp/Usd and Oil, Gold pairs. They are too risky but profitable also.

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    I think your understanding is not right, the movement of EUR / USD is almost balanced with GBP / USD, on the contrary, for USD / JPY it is the daily range that tends to be tight. Besides GBP / USD and EUR / USD, the GBP / JPY pair also tends to fluctuate, this pair usually moves in an instant it can go up and down in an instant. As for gold, indeed the movement has been very folatil, if you want to trade in gold, you should use a large balance, because if just a little wrong, can be fatal.

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    i think there are many pairs because there are 192 countries in the world. there are too much pairs that are good but i also think that euro/usd and euro/jpy is the best for me. i do trade often in them.

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    The EUR/USD pair is perfect for beginners and is one of the best pairs worth trading. This pair is recommended by many traders, because on average they trade in this pair. Many of they recommend this pair because EUR/USD tend to have low spreads and the daily range is still below 150 pips. In terms of fluctuations and volatility, they tend to be more stable than GBP/USD and GBP/JPY pairs. If you are happy with extreme trading, I think the best pair for you to trade is save heaven Gold or XAU/USD. This XAU/USD pair moves very fast and the daily range can be above 300 pips.

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    Many of the major currency pairs are linked in the movement of their prices and this means they are moving exactly identical to each other. For example, the euro against the US dollar and the pound against the US dollar tend to move in the same direction in general (and not exactly), and the pound sterling against the US dollar is usually more volatile than the EUR against the US dollar, but if the euro against the US dollar A clear bullish trend, you can safely assume that the GBPUSD will move in the same direction, and therefore can be said to be positively correlated.

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