ali555 Posted November 30, 2013 Share Posted November 30, 2013 Exotic and uncommon currency pairs should be avoided by novice Forex traders as some further knowledge is needed to trade such pairs successfully. Here is the list of major currencies beginner traders should focus on: Euro (EUR) US Dollar (USD) British Pound (GBP) Swiss Franc (CHF) Japanese Yen (JPY) Australian Dollar (AUD) Canadian Dollar (CAD) Also novice Forex traders should try to avoid currency pairs which have high spreads. Spreads vary from broker to broker. http://www.forex-metal.com/affiliate/46199/2 Link to comment Share on other sites More sharing options...
Guest gaban Posted January 8, 2014 Share Posted January 8, 2014 I prefer trading the currency pair EUR / USD. If I prefer to avoid a couple of minor rather than major currencies. Major currency pairs easier characteristics. They are more volatile moves, so we can easily perform analysis Link to comment Share on other sites More sharing options...
riki143 Posted January 9, 2014 Share Posted January 9, 2014 Exotic and uncommon currency pairs should be avoided by novice Forex traders as some further knowledge is needed to trade such pairs successfully. Here is the list of major currencies beginner traders should focus on: Euro (EUR) US Dollar (USD) British Pound (GBP) Swiss Franc (CHF) Japanese Yen (JPY) Australian Dollar (AUD) Canadian Dollar (CAD) Also novice Forex traders should try to avoid currency pairs which have high spreads. Spreads vary from broker to broker. http://www.forex-metal.com/affiliate/46199/2 My fav is EU because more volatile and i can gain a lot of profit from it. :) Link to comment Share on other sites More sharing options...
uncle gober Posted January 10, 2014 Share Posted January 10, 2014 I prefer trading the currency pair EUR / USD. If I prefer to avoid a couple of minor rather than major currencies. Major currency pairs easier characteristics. They are more volatile moves, so we can easily perform analysis i prefer to be in only USD, EUR, JPY. these are active across most time zones. also they are the most active ones at all times. its preferable to be in active currencies than in ones that are not. apart from it i am more comfortable with the actions of these and has been watching it for quite some time. that way i have developed a small understanding of their behaviour, which is helpful in bailing out from a bad trade at critical times. Link to comment Share on other sites More sharing options...
Guest hunter13 Posted January 10, 2014 Share Posted January 10, 2014 every trader will have some pair for them but. do not pair we must avoid. because we can get money with all pair. but trader usually do not trade pair which have high spread. Link to comment Share on other sites More sharing options...
Guest gaban Posted February 11, 2014 Share Posted February 11, 2014 I do not avoid any pair. we have to do is discipline and patience so pair we select can provide an advantage for our trade. For that, we must also understand characteristics of a pair that we use. Link to comment Share on other sites More sharing options...
Brendan Hill Posted March 13, 2020 Share Posted March 13, 2020 Day traders are large force traders. This implies they search for a specific directional inclination and go long or short dependent on the current development, or wave, around then. Some portion of the strategy involves searching for potential breakouts from tight ranges, particularly when certain news announcements fare preferred or more terrible over forecasted numbers. Link to comment Share on other sites More sharing options...
uncle gober Posted March 17, 2020 Share Posted March 17, 2020 trading plan will indeed be needed by traders to be better and to get more leverage in carrying out trading activities in accordance with expectations with Tickmill. Link to comment Share on other sites More sharing options...
Mrsooduraske Posted June 15, 2020 Share Posted June 15, 2020 I think we should not aviod any currency pair. You must try out all pair which suits you and try to make profit with them. A currency pair can be your favorite and you can mostly trade with it, like I mostlt prefer to trade with EUR/USD. Link to comment Share on other sites More sharing options...
maspluto Posted June 18, 2020 Share Posted June 18, 2020 traders must be able to improve their analytical skills well, this is needed and needed so that traders can become better and be more leverage in making profits in accordance with expectations with Tickmill. Link to comment Share on other sites More sharing options...
baybecool Posted June 30, 2020 Share Posted June 30, 2020 Weight index is very important in your health control, please visit here to check if your health is balanced: bmi calculator Link to comment Share on other sites More sharing options...
maspluto Posted June 30, 2020 Share Posted June 30, 2020 a trader must also be able to pay attention to the psychological state it has, this is needed so that the trader can become better and can get more leverage in generating profits in accordance with expectations with Tickmill. Link to comment Share on other sites More sharing options...
Nilde Lucchese Posted November 14, 2023 Share Posted November 14, 2023 The more a trader studies the more, the more he becomes innovative about the market. The facilities of FXOpulence broker are convenient for minimizing trading risk. Link to comment Share on other sites More sharing options...
uncle gober Posted November 15, 2023 Share Posted November 15, 2023 Absolutely, I completely agree with that. Personally, I am still engaged in regular learning and making use of the education provided by Tickmill broker. By doing all of this, I can delve deeper into the intricacies of the forex market and enhance my understanding of its workings. Link to comment Share on other sites More sharing options...
Hanan Öberg Posted September 22 Share Posted September 22 Traders should avoid highly volatile currency pairs, such as exotic pairs with low liquidity, as they can lead to unpredictable price swings and wider spreads. Additionally, pairs affected by geopolitical instability or economic uncertainty may pose higher risks. Stick to more stable major pairs for better predictability and risk management. LQDFX broker offers 71 trading pairs including fiats, indices, crypto and stocks. Link to comment Share on other sites More sharing options...
maspluto Posted September 23 Share Posted September 23 An important role in running this trading is that we must always have learning carried out so that we can trade profitably. Where to continue to improve the skills and abilities that we have so that we can later trade on a real account profitably with Tickmill Link to comment Share on other sites More sharing options...
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