If your looking for action...

Discussion in 'Forex - Currencies Forums' started by SamClemensMT, Dec 9, 2014.

  1. SamClemensMT

    SamClemensMT Well-Known Member

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    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.
     
  2. Strykstar

    Strykstar Well-Known Member

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    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.
     
  3. dianethare

    dianethare Senior Investor

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    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 :(
     
  4. JoshPosh

    JoshPosh Guest

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    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.

    cable.jpg
     

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