As a beginner in forex trading, what are the best currency pairs to trade?

Hi i started learning about forex trading 3-4 months ago but i don’t really know the currency pairs, i should focus on when carrying out my analysis

Usually, EURUSD and GBPUSD are the best to start off. Always have a good plan for the strategy.

EURUSD
EURGBP
GBPUSD
AUDCAD

order follows the preference from top to down.

1 Like

I am a beginner and after 3 months i have settled for Gold (XAUUSD).
I slowly get a feeling for it and when it goes nuts you can make good money.

1 Like

For me EURUSD hands down as it so closely ties to the DXY.

1 Like

I really like this pair too. Much tamer than GU and can use DXY :slight_smile:

1 Like
Beginners should trade with low volatile currency pairs like EURUSD to gain live experience and knowledge because low volatile currency pairs have lower loss value and risks.

I also think EURUSD is the safest option and probably the best for a beginner trader.

DXY is an index for currencies, how’s the liquidity?

Yes the Dollar Index. It’s fine but I don’t trade it per se as use it to guage USD strength which ties in almost as a perfect inverse correlation to EU. Allows me to spot divergence and acts as a nice confluence.

EURUSD, GBPUSD, USDJPY, AUDUSD are the most traded currency pairs in forex markets. As a beginner, these are the best currency pairs to learn on.

1 Like

EURUSD
GBPUSD
Those are the staples of most traders

I like EUR USD ever since

Can anyone advise about GBP/USD? it seems bullish next resistance @1.3800?