Which Currencies Should Be Your Focus?
Results 1 to 8 of 8
  1. #1
    Join Date
    May 2006
    Posts
    126

    Default Which Currencies Should Be Your Focus?

    The following are the eight major currencies:

    1. U.S. dollar (USD)
    2. Euro (EUR)
    3. British pound (GBP)
    4. Japanese yen (JPY)
    5. Swiss franc (CHF)
    6. Canadian dollar (CAD)
    7. Australian dollar (AUD)
    8. New Zealand dollar (NZD)

    This is just a sample of some of the more liquid derivatives based on the currencies above:

    1. EUR/USD
    2. USD/JPY
    3. AUD/USD
    4. GBP/JPY
    5. EUR/CHF
    6. CHF/JPY

    As you can see from these lists, the currencies that we can easily trade span the entire globe. This means that you can handpick the currencies and economic releases to which you pay particular attention. But, as a general rule, since the U.S. dollar is on the "other side" of 90% of all currency trades, U.S. economic releases tend to have the most pronounced impact on the market.

  2. #2
    Join Date
    Jun 2006
    Posts
    31
    Perhaps I would like to have the US $ and the Euro for my trading

  3. #3
    Join Date
    Nov 2006
    Posts
    5
    ummm I think you are missing the USD/CHF and GBP/USD. They are part of the 4 majors

  4. #4
    I think the GBP/USD is the best pair to trade.

  5. #5
    Join Date
    Dec 2006
    Posts
    3

    Default Trend of US dollar against other currencies

    http://www.crnindia.com/currency/currency_daily.html

    Here one can also find the trend of dollar against all other active currencies.

  6. #6
    Join Date
    Dec 2006
    Location
    Norristown, PA
    Posts
    450
    I also love the GBP/USD because of it's liquidity and the size of the moves it makes. The 2 - 4 pip spread (Oanda) is not a problem at all because it can move 80 pips in the blink of an eye.

  7. #7
    Join Date
    Dec 2006
    Location
    Colorado, USA
    Posts
    142
    I agree. This is my primary trading currency because of its potential daily large move. You can also take a look at this currency's daily ATR value which is > 100 pips. My only hurdle with this pair is that I can't be awake at 3AM when london session opens.

  8. #8
    Join Date
    Dec 2012
    Posts
    7
    Euro/Us dollar work great when placed next to the oil movement..this is why it's my favorite currency

Forum Sponsors

Similar Threads

  1. Which indicator should you use?
    By terry in forum Newbie Island
    Replies: 13
    Last Post: 07-24-2014, 03:10 AM
  2. Which platform should I use?
    By rcampbell80 in forum Newbie Island
    Replies: 11
    Last Post: 12-26-2013, 08:45 AM
  3. Entries should be your top priority
    By pip bandit in forum Newbie Island
    Replies: 17
    Last Post: 08-17-2010, 02:05 AM
  4. Which strategy should you use?
    By fx-daytrader in forum Newbie Island
    Replies: 6
    Last Post: 07-26-2008, 01:28 AM
  5. Replies: 1
    Last Post: 05-06-2007, 12:25 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"Our life is what our thoughts make it."
Marcus Aurelius