USD/BHD Currency Trade

Beginner Questions
1

Hi everyone, I am new to currency trading but I am trying to learn how I can paper trade before I begin the real thing. Anyway, one currency pair caught my eye which is the USD/BHD currency trade. Does anyone have any idea if this currency pair is a good buy or is it better to short this currency pair?

2

Which broker offers this pair?

3

I don’t know which broker offers it but I was just wondering if it was possible to trade this pair or if it was a good trade…

4

I apologize for responding back so slow… I am still trying to learn the site…

5

Try to trade majors, they’re more volatile.

6

Thanks for the advice… Which major currency pair is the most volatile??

7

EUR/USD, is the most volatile, but all the majors have pretty good pip movement

8

When you say good pip movement do you mean the pips move in the hundredths and thousandths place??

9

Occasionally in the hundredths, but mostly in the thousandths place

10

What do you look for when you are deciding to enter a trade?? because I have no idea how to enter a trade.

11

Thanks for the info!!

12

You should find a consistent strategy that you use to determine where the currency will go, try to use a combination of fundamentals, candlestick patterns, technicals, and intuition to make a strategy

13

You don’t have to tell me your strategy I am just interested in general knowledge of how to recognized opportunity when I see it…

14

Usually when there is a candlestick reversal, a new trend starts

15

Do you have any examples of a candle stick reversal trend to show me??

16

I don’t have any on hand, but there are a lot out there

17

Okay and Thanks!!!

18

Is it Okay if I could add you as a friend on here??

19

I kind of get the feeling this is like the blind leading the blind here.

20

That is essentially the summary of this entire forum.