What's your favourite currency pair to trade?

Discussion in 'Forex - Currencies Forums' started by dariel2323, Aug 25, 2014.

  1. Gelsemium

    Gelsemium Senior Investor

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    I only trade EUR/USD and I'm pretty glad that the USD is gaining comparing to EUR because that is surely making my money worth more. :)
     
  2. ormaybeso

    ormaybeso Well-Known Member

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    I haven't tried real trading yet (I'm still new to the idea of investing), but I do like trading USD/EUR, since it goes up quite predictably and it's the only thing that seems to make me money, USD/CAD, primarily because most money seems to be traded in USD, but living in Canada I find CAD more natural and easier to predict since I know more about our economy than most others. Shorting the NZD isn't bad either, since it's been going in a predictable downtrend recently.
     
  3. vennybunny

    vennybunny Guest

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    I've mostly traded USD/GBP and USD/EUR before, but I've recently had a lot of success in the USD/JPY pair. Actually, more than 50 percent of my transactions is in that pair right now. I hope my beginner's luck doesn't run out soon.
     
  4. ormaybeso

    ormaybeso Well-Known Member

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    I know a log of people do well with this one, but I like USD to EUR, USD to CAD and I believe the third one was EUR to JPY.
     
  5. Rucvz

    Rucvz New Member

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    I am a fan of what ever pair makes me money!!
     
  6. SamClemensMT

    SamClemensMT Well-Known Member

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    Hi there miss. I think the first thing you should do is get a copy of "Forex for Dummies" and read it cover to cover before you put even a red cent down. Also complete the course for newbies at Babypips.com. Then you'll be ready to start asking, " How do you make money trading forex?". This business is like auto racing. Most of us know how to drive, so jumping behind the wheel of a Formula One race car may not seem daunting. That is until; you put your foot on the gas. Take a slow run around the track first, and you'll be off to a good start. I hope I've been helpful.:cool:
     
  7. SamClemensMT

    SamClemensMT Well-Known Member

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    The best pairs to trade are the EUR/USD and the USD/JPY. In fact all other major currency pairs correlate to them if you analyse the whole market. If you want to make it more interesting move beyond the majors and trade the exotic currencies against the dollar. I'm talking about pairs like the Mexican peso/USD, South African rand/USD or perhaps the Singapore dollar/USD. When you trade exotics you should only trade on weekly time frames or higher to avoid being stopped out due to the extreme volatility in such thinly traded pairs.
     
  8. flourish2post

    flourish2post Member

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    I wouldn't say I have a preferred currency pair. As a trader, I invest my money wherever I see opportunity to make profit. However, I prefer to trade any of the non USD major currency pairs (currency crosses) because it gives me opportunity to diversify my open trades (portfolio) since most of them are not correlated. It gives me better opportunities and also reduces my risk of making losses
     
    Last edited by a moderator: Jul 8, 2016
  9. queenbellevue

    queenbellevue Well-Known Member

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    I don't have a "favorite" currency pair, lol. This isn't like watching a movie or something. I try to keep a close watch on the exchange rates and go from there.
     

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