Starting currency pair?

What’s a good currency pair for a noob to start with? I’m assuming a pair that is slower moving is probably not terribly useful if one were to want to study tech. analysis…am I right/wrong?

Try EUR/USD or GBP/USD.

I personally would say study a pair which one is interested in,
with metatrader4 you can backtest any currency pair you
like.

So whether it’s slow fast, or whatever it makes no difference. :slight_smile:

Thanks! Good forum, seems to be lots of friendly helpful people here! I definitely all the wisdom you guys drop on me!

When I started looking for a pair to concentrate on, the GBP/USD charts seemed to make more sense to me than the others (that probably sounds stupid). Anyhow, that’s how I decided which pair to start out with.

I am in GMT+12 zone so for me any */JPY pair works well, altough i tried European crosses but they dont seem to move right during Tokyo session :slight_smile:

they all usually do the same thing at the same time, but i like usd/jpy and e/j

I love Euro against the American green back :slight_smile:

EUR/USD for me and sometimes I will look at EUR/JPY as well. the two of them tend to move the same way but I think EUR/JPY has more risk of wide movement…which can be good and bad.

This question is like “what kind of ice cream should I get?” You need to first figure out what kind of trader do you want to be? If you are scalping then get one that moves alot during the day, if you want to go long then look at something that is a little slower. Something else that you should concider is your starting capital. I opened my first live account with $250usd trading the gbp/jpy and got a margin call only to turn around and make a nice profit. But since my dealer got me out I lost. Since then I have been looking at nzd/usd it has a lower margin call limit, also it is open when I can trade.