Pairs and Instruments to trade for beginners!

Hi, I am really confused regarding choosing the pairs, I’ve been jumping on multiple pairs analyzing them and before the entry I just switch pairs to find potential entries and I look for the pairs and by the time I come back, the setup has already played out.

My question is I want to narrow down my focus to few pairs which have a smooth price action, I don’t like gold as a beginner as it is all choppy, Can you please list a couple of forex pairs or Indices or both, Thank YOU!

Slow it all down. Use the daily time-frame for your main price chart.

You must surely have a strategy? - use it to plan what your ideal chart would look like and use this as your template to find the best trades.

Yes as above, yes also keep away from volitile instruments like Gold, GBP/Jap ,jap/NZD they can change rapidly until you get more experience

EUR/CHF usually fairly smooth, although not always predictably so (recently somewhat out of character)

Don’t think of what’s the best pair to trade. Go through all the pair and choose one. There’ll be one that suits your needs and your strategy.

I just trade two pairs: US30 & NDX. Sometimes Silver and WTI.

But you could be backtesting US30 or NAS or EU and that would be your best CFD or FX Pair. But all depends on you.

When I started everyone recommended me to trade EU because was the most easy pair to trade; I could not trade it, was so boring to me… so I started looking at Gold and I loved it. Then I discovered WTI and was just trading it after three months of backtesting. And now, just US30 & NDX

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Yeah @tommor is right, if you change that time frame, that will help a lot! 1D is a good start. :slight_smile:

I personally go with EUR/USD. I would suggest newbies to go with major pairs in the beginning.

I would suggest major pairs like EURUSD since it has high liquidity with decent volatility so it’s less risky than say exotic pairs.

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Agreed, EURUSD is said to be the best to start on

It’s a cliche but EU and I like the price Action on EJ
Whichever pair speaks to you

The currency pair to trade that is both the simplest and most steady is EUR/USD. Due to its low spreads and high liquidity, this currency combination is among the most popular ones among newbies

I thought the idea was to start with an open mind on Demo and try all the pairs ,maybe some commodities and indices too.Then make your own conclusions through testing.

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That’s good, the analytical approach. Its not good enough to go for the biggest market and trust that your strategy will work best there.

It might be wise for anyone to demo trade pairs with contrasting characteristics, e.g. the most volatile and the least volatile, to see which one runs the strategy better.

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Where dose the information come from Vloggers, entrepreneurs/author s.

Comments like USD/ EUR the most "easy’ to trade or more chance of profitability for beginners .

Have to find out practicing on Demo !!!