where can I find the info about the best pair to trade that’s updated regularly? thanks
Can you rephrase your question? Price is always current, so I must be missing your point.
if you mean what pair is traded the most it’d be Eur/Usd
as for best pair to trade it depends on your trading hours (when you trade) and the kind of trading you do; scalping, position, really long term trading lol
some of the pairs are stable for a period of time, so I’m looking for website that displays fluctuative pairs at any moment, like the forex factory version for most fluctuative pairs.
Have you tried heat-map sites, Here a few I just found searching “forex heat map” on Google.
Currency Heat Map, Forex Strength/Weakness Relative - ActionForex
Lowest time frame I have seen is 10mins on ForexPros
However, this might be what your looking for:
Forex Quotes | Currency Rates | Forex Rates - ForexPros
Second Table shows percent change or pips change for six different periods.
Hope that helps.
Cheers.
usd/ypj is one of the ‘less’ difficult, but Its also risky dual sudden rallies.
usd/chf the same
gbp/usd is quite good because is very ‘alive’ pair, but if it starts to slide, its like it slides on the soap
eur/usd is too stable for me, but ptobably is the less sensitive to sudden rallies
Up to you
I trade only gbp/usd, usd/jpy, EUR/USD and usd/chf
and where can I find reliable recommendation about whether a pair is bullish or bearish?
By doing your own research!
surely we’re in the spirit of sharing? or are you saying it’s a trade secret?
Uh… Are you serious?
^
^
I’m pretty sure I am. any flaw in the comment?
well the only reason the market exists is because different people think that the price of something is different, one guy thinks a euro is worth 1.50 usd and another guy thinks that a euro is worth 1.40 usd therefore when price is at 1.45 the first guy buys euros because to him they’re “on sale”, and the second guy sells euros because he thinks that they’re overpriced. and if they were the only two people in the market then 1.45 would be the correct price, but since there’s millions of people doing this and upon billions of dollars being traded it all depends on who you ask, so in reality it is a trade secret because for one person to win the other person has to lose so every winner needs losers, and if everyone agreed on the same price for something then charts would just be a straight horizontal line.
So in conclusion I think there a very [B]BIG[/B] flaw in that comment, the flaw being I think you don’t really understand how the market works.
Hmmm, I see. so in that case, should we close this forum and shut down all other tutorial links? oh, don’t forget to burn the trading books too because they too share the “trade secrets” and would mess up and destroy the market. Perhaps CIA, NSA, FBI, UCLA, YMCA, NBA and all the other acronyms should assassinate all forex coaches all over the world? you know, to keep the forex market from collapsing? after all, this is a matter of national security.
I did not say it was a trade secret or anything of the sort. But the WHOLE POINT of trading is trying to determine the direction price will move in the near future.
@clark:
no, you certainly did not. the comment was directed to colmex. Man, I laughed so hard from reading my own comment to colmex. Start praying you forex coaches, Michael Jordan will smother you in your sleep in order to preserve forex secrets :51:
and the comment directed to you was this one:
I’m pretty sure I am. any flaw in the comment?
because I didn’t understand of your question. that’s all. The objective of trading is indeed to “predict” the future, and that’s what I’m asking here, tips and tricks to do just that.
no but the way you asked the question was as if you wanted a website or a place that said “market is going up” or “market is going down”, if there was a place that said that and it was reliable then everyone would trade according to that and in essence make itself be not reliable because there wouldn’t be a difference of order flow/opinions…
no need to get sarcastic
it’s common sense that no such thing as 100% guarantee exists in real world, so that’s definitely not what I asked. but you need to admit that the comment is funny. Heck, I laughed so hard from reading it.