Every trader has a currency pair they prefer, and there are countless reasons why a particular pair might become a favorite. From timezone, to volatility, to how it fits with your specific trading strategy, there are many reasons for sticking to a particular pair
Share your favorite currency pair and why it stands out to you by filling in the blanks below.
My favorite currency pair to trade is __________ because __________.
I don’t have one but three, US Indices (DJIA/US30, NASDAQ/USTEC, S&P500/US500). These are very volatile, and volatility occurs mainly around the same time each day, thus “predictable.” Further, these assets indicate the flow of money into the US economy, thus creates a further macro-perspective of economic health and investor sentiment. Additionally, it has tight spreads, and zero commissions. These assets also form a main component of correlation analysis/intermarket analysis, across other market classes to gauge upcoming market events.
Oooh! I’m torn between EURUSD and USDJPY Mostly because I feel like I’ve had the most wins with these pairs, vs the minors I’ve traded with before.