Hey there. I would like to now if there are some traders in here that only trade ( day trade to be specific) only one single currency. I would like to here opinions about that. I think this would be interesting for new traders... In my case I day trade GBP/USD
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The main factors to consider when choosing the best currency to trade include volatility, spread, trading strategy and the level of difficulty of forecasting the forex market. There is a huge list of currency pairs available for trading in the forex market. If you look out your forex broker market watch window. you can see a list of currency pairs. Currency pairs of the major economies. Major currency pairs are based on a list of popular currencies that are paired with the USD. The basket of major currencies consists of 7 pairs only. These currency pairs account for most of the turnover of Forex market. For instance, EURUSD pair alone accounts for about 30% of the trading volume. The difference between success and failure in Forex trading is very likely to depend mostly upon which currency pairs you choose to trade each week and in which direction, and not on the exact trading methods you might use to determine trade entries and exits. At FOREX.com you can trade from over 50 currency pairs including majors, minors and exotic pairs. Find out more about trading fx pairs Visit our currency pair pages for more information on underlying influencers, spreads, charts, research and more - or open a Demo account to see for yourself firsthand. The exotic currency pairs are the least traded in the Forex market and are therefore less liquid than even the crosses we just discussed. And while the liquidity of the exotic pairs is more than enough to absorb most orders, the “thin” order flow often leads to choppy price action.
Forex Analysis Using Parallel and Inverse Pairs - YouTube
Learn our Other Scalping Strategy: https://bit.ly/2xol8aS In this video, I will walk you through a simple forex scalping strategy I've been using successfull... Get more tips: http://www.tradingheroes.com/blog/ The economies of certain countries are highly correlated to commodity markets. For example, the Canadian ec... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... The AUD NZD is the best Forex pair to trade, and I explain why. Those who want to trade the No Nonsense Forex way need to pay close attention to this one. No... Parallel and inverse analysis of the spot forex can be used two ways, for overall market analysis and to verify trade entries. Breaking a currency pair into ...