Technical Trading: Good Currency Pairs

[Spriggz]

Hi.

I’m new to forex. So far I have been trading Breakouts and retracements to the Red Moving Average (12). I have had decent results so far.
[B]
As a technical trader, which currency pairs are the most reliable and why?[/B]

Thanks,

Spriggz

[system]

Hi.

I’m new to forex. So far I have been trading Breakouts and retracements to the Red Moving Average (12). I have had decent results so far.
[B]
As a technical trader, which currency pairs are the most reliable and why?[/B]

Thanks,

Spriggz

All currency pairs are the same because they are all traded by humans, and a chart is just that, human emotions. Although for a new trader, i would recommend trades with a lower ATR … so no EUR/JPY, GBP/JPY etc… and go with pairs like USD/CHF, EUR/USD … even the GBP/USD can be a little high…

ATR is an indicator on metatrader , average true range… its kinda like a measurement for volatility.

[dale_evans]

Hi.

I’m new to forex. So far I have been trading Breakouts and retracements to the Red Moving Average (12). I have had decent results so far.
[B]
As a technical trader, which currency pairs are the most reliable and why?[/B]

Thanks,

Spriggz

hi,

i would join the recommandation to start with EUR/USD. it is the pair with the heaviest trading activity, which means it has less volatility. it is reliable in the aspect of being steadier with less “noizes”.

look at the charts, you can actualy see it.