What currency pairs do you guys like to trade at what sessions of the day. Thank you
When I started to trade forex pairs, I chose EURUSD because it has the cheapest spread and tends to be very liquid and popular. The best time to trade EURUSD is between 0800 and 2200 GMT as it is the time Europe is open for business and the pair is more actively traded.
I would avoid any exotics due to lower volume and higher spreads - costing you more per trade.
If you stick to the main pairs being AUD, EUR, USD, JPY, CHF, CAD, GBP, NZD that will give you 28 total pairs which is way more than anyone would need.
USDJPY has so much potential for profits, especially if you trade it when both markets are open. I have had my maximum profits on fxview from this pair when I have traded from 12 to 2. My strategy is based on market volatility and the market is most active at this time for this pair. And with low transaction cost brokers the profits are pretty cool.