I'm trying to decide which currency pair to trade in. I've been advised to concentrate on one pairing for the time being, getting to know all I can about it. I believe that there are certain factors to be taken into account eg.
Trading Hours - When is the best time to trade certain pairings and when are the relevant markets open.
Times of Report Releases.
Think about some of the less volatile ones eg Eur/USD + Eur/GBP
I am British but live in Thailand (GMT +7) and am aiming to trade during our normal office hours. I have the time to use my practice account pretty much as a day job; so will pretty much be treating it as the usual office job. As far as I can see it's really a choice of New York, London and Tokyo; with Tokyo seeming to have 'sensible' hours. Does it really matter if I choose a pairing for 2 other countries than my own(GBP), or will the general economic data and other reports give me the info I'm interested in?
Am I thinking along the right lines?
02-23-2008, 06:32 AM
How to choose Currency Pairs
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