What are the exotic pairs to trade with low spread in forex?

[Gyan Dev]

Exotic currency pairs are currency pairs that include one major currency and one currency from a developing or emerging economy. These pairs tend to have lower trading volume and liquidity compared to major currency pairs, which can lead to wider bid-ask spreads. However, some exotic pairs may still offer relatively low spreads. Here are a few examples:

1. USD/MXN (US Dollar/Mexican Peso)
2. USD/ZAR (US Dollar/South African Rand)
3. USD/TRY (US Dollar/Turkish Lira)
4. USD/THB (US Dollar/Thai Baht)
5. USD/HKD (US Dollar/Hong Kong Dollar)

It's important to note that spread can vary depending on market conditions and the broker you use for trading. In addition, exotic currency pairs can be more volatile than major pairs, which can increase the risk of trading them. As with any trading decision, it's important to do your own research and carefully consider the potential risks and rewards before trading exotic currency pairs.

 

Edited May 10, 2023 by Gyan Dev

[Hanan Öberg]

Exotic pairs with lower spreads often include USD/TRY (US Dollar/Turkish Lira) and EUR/TRY (Euro/Turkish Lira). While these pairs can be less liquid, spreads can be more favorable compared to other exotics. Always check current spreads with your broker as they can fluctuate. LQDFX broker offers more than 71 trading pairs including commodities, indices, cryptos etc.

[Zeologic]

I have once traded the exotic pair EURTRY at FXOpen, but compared to major pairs the spread is much higher so this is risky if the trade does not go in the expected direction, the first transaction was a successful profit but a loss on the second transaction, after that the account left the exotic pair even though the volatility was quite high interesting and challenging.

[maspluto]

Therefore, we can determine the best broker so that we can feel comfortable in trading. And Tickmill is one of the best broker recommendations today with good facilities and services so that we do not have any problems in trading.

[Hanan Öberg]

Exotic pairs with low spreads in forex typically include currencies from emerging markets paired with major ones, such as USD/TRY, USD/ZAR, or EUR/TRY. However, spreads can vary depending on liquidity and market conditions. It’s important to choose pairs with consistent liquidity for lower transaction costs. LQDFX broker provides me 1:1000 leverage, multiple trading accounts, tighter trading spread, PAMM trading facilities.

[maspluto]

It is important for us to be able to prepare all the abilities we have so that later we can understand how to trade profitably. And as long as we are willing to try, learning makes us able to trade on a real account with Tickmill.