Hi everyone which currencies do you prefer to trade mostly, more importantly which you think is more stable and easily predictable?
If just learning stick to just a couple of major crosses and see how you get on.
The majors tend to have decent moves that you can follow with a simple plan. Start with your domestic currency crossed with another major. ie if live in the UK GBP/USD sort of pair. As the currency should be something you are familiar with as in your local news etc
None are certain winners but helps to filter down till you find your feet.
Kind Regards
Langers
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Most people should choose a major currency.
Because the countries that the major currencies basically represent have a large international influence and high transaction volumes. Currency is highly liquid in the market and has great volatility. There are often important economic news and data releases (for example: NFP, inflation rate and central bank policy) for investors to analyze currency trends. Therefore, it is relatively easy for investors to start with these currency pairs.