Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: antonyyu3 on February 27, 2024, 08:52:33 AM
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
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I am still a learner but most times when I trade on my demo account, I normally trade with AUD/JPY....
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So far, I haven't had the experience to trade with that, but I'm getting curious and want to try to trade there. That's why I'm still finding out what's the best trading pair to use there, because it's real money to trade. Maybe there is almost no difference between that and cryptocurrency.
Because they use almost the same tool indicators as the crypto trading that we are involved in now, right? Probably, one of these days, I will try to deposit and make some actual trades in it.
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc.
No
XAU is - by far - much more traded than GBP, CAD and AUD
The 4 most traded currencies on the Forex are USD, EUR, XAU and JYP
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
As a new trader in the market, focusing on too many currency pairs to trade would be a very bad decision for you. You have to familiarize first with a few currency pairs like just one, and then after you've mastered it, you can take the knowledge and apply it to other currency pairs. In my opinion the best currency pair to put your focus on and study first as a beginner is the EURUSD pair in forex because of its high liquidity, then you can slowly stretch your observations to GBPUSD, XAUUSD and others relating to USD etc.
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Now you can call me a baby trader because I have less experience in trading successfully. Especially i do more trading with usdt also have other coins. But if you want to know my preferred list in your given list then CAD, AUD are best for me. But new traders to collect different coins for trading but i think they should start with small capital with demo. However not everyone will trade and not everyone will profit from trading so it's a different choice for everyone.
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
I've traded on all the currencies you have listed and the most common i used are only two, USD-CAD or USD-GBP, this is mostly common with the way i perform my own trade, we also have to identify the currency pairs we are going to be using for our trading, get used to it and also afford to take the risk involved in using one, trading is not as how many see it, we have to consider the most volatile currencies and use them for trades because they will always perform as expected as seen being volatile.
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
EUR/USD is my favorite pick right from when I got introduced into forex and even while I was learning, I was asked to focus only on one favorite pair and that I will be able to earn all the profit I want from one pair. Despite that the market is very dynamic, I still made some profit from forex while trading just one pair.
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I personally prefer trading XAUUSD and GBPUSD
the reason I prefer XAUUSD is because of its volatility
I love the fact that it doesn't waste much time
Although this itself could prove to be a problem in some cases I still love how fast my money grows when I'm trading it
And as for GBPUSD the reason I trade it is because I have great understanding on it
I started my forex journey with GBPUSD and over the few months I've been trading it I have had a great deal of knowledge on how it moves and ence it is much more easier for me to predict
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
Having a specific pair to trade and put all your focus on it is important for all traders. Only few people don’t have a pair they look into most times and try to diversify there pairs. People of this kind tend to miss out on some vitals they ought to have known from trading using a particular pair. The forex market is very wide, so choosing one part of the pairs and making it work for you only is the best way to maximize your profit and reduce loss in the market.
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
We can make use of any currency pair, as long as you're not finding it difficult to cope, the above listed coins are the ones most people often trade with because they are one of the top most performing currency and from any country's economy, not that others does not exist, but this are the common in which traders often used, as for me, i make use of CAD, USD, more often than the other ones.
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There are so many currency pairs in the forex market. The most popular currencies probably are USD, EUR, JYP, GBP, CAD, AUD, etc. Which one of the currency pairs that you trade most and why do you pick up that one?
I trade only two currency pairs: EUR/USD and USD/JPY. The key is to focus on one or two currency pairs, as this will prevent you from getting confused in the market.
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My current fav pairs to trade are GBPUSD, EURUSD, and AUDUSD. however, I'm trying to transition into the synthetic market, as they are not affected by economic events