The best pair to trade in forex, if you can't standing watching the grass grow, is the cable versus the dollar. Better known as the GBP/USD (Pound/Dollar) This pair is exciting because it can easily move up or down by 200 pips during your typical trading day. Just remember to set your stops wide so you don't get chopped up by the volatility. Has anyone else had success trading the pound, because it seems to give a lot of traders a rough ride.
I have never traded in this particular pairing, is it really that volatile? I would really advise against it, especially for a newbie, if that's the case. Slow and steady wins the race.
I tried trading this pairing before under the umbrella of Binary Options awhile back and it only caused me endless pain, heartache and much loss...that's when you have to bow out and admit you are not a professional in that area...fold in your chips and head out
The cable is part of my trading basket. Right now I am on a sell order and have been in it for about 2 months now. I'm just going to ride it out until my indicators tell me otherwise. I use to be a day trader, but i use to win and lose big. The stress was getting to me and I had to turn into a long term trader. So far so good.
Trading pairs is very important for making money. If anyone uses JPY or GBP, then it will be extremely volatile. Still, if anyone trades EUR or USD at FreshForex broker, it will be extremely easy to make money since they are too stable regarding market movement.
I can handle all my trading activities nicely with Eurotrader broker because they offer smart bridge technology and a whopping deposit bonus. They offer 1:500 leverage and narrow trading spread so traders can minimize their risk level easily.
Don’t compromise with hard working because it will bring you success and trade with a reliable broker. I can rely on FXOpulence broker because the broker is safe and secure. They use different regulated banks’ accounts to provide security of funding to traders. Their facilities are well diversified according to account types.
